RESOLUTION NO. 6546
A RESOLUTION OF THE CITY OF LAWRENCE,
KANSAS, ORDERING THE IMPROVEMENT AND
AUTHORIZING THE ISSUANCE OF GENERAL
OBLIGATION BONDS FOR THE DESIGN CONSTRUCTION OF CERTAIN CITY FACILITIES PURSUANT TO CHARTER ORDINANCE
NO. 32
BE IT RESOLVED BY THE GOVERNING BODY OF THE CITY OF LAWRENCE, KANSAS:
Section 1. The governing body hereby finds that the design and construction of a Fire/Medical facility generally located in the 1800 block of Wakarusa Drive, and related and necessary improvements is in the public interest and is hereby ordered.
Section 2. The Governing Body hereby allocates for the project described in Section 1, the amount of $150,000, not including issuance and interest costs, for said project. The cost of the project shall be paid from all lawful sources including the issuance of General Obligation Bonds pursuant to Charter Ordinance No. 32. This estimate shall increase at one percent (1%) per month after the adoption of the resolution.
Section 3. The City expects to make additional capital expenditures on and after the date of adoption of this resolution in connection with the project set forth in this resolution, and the City intends to reimburse itself for such expenditures with the proceeds of the bonds and/or notes in the maximum principal amount of $150,000.
Adopted this _________ day of _______________, 2004.
__________________________
Mike Rundle, Mayor
ATTEST:
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Frank S. Reeb, City Clerk