RESOLUTION NO.  6568

A RESOLUTION OF THE CITY OF LAWRENCE, KANSAS, ORDERING THE IMPROVEMENT AND AUTHORIZING THE ISSUANCE OF GENERAL OBLIGATION BONDS FOR CERTAIN MAIN TRAFFICWAY IMPROVEMENTS INCLUDING, BUT NOT LIMITED TO MILLING, OVERLAY, CURBING, GUTTERING, PAVING, ACQUIRING RIGHTS-OF-WAY AND EASEMENTS, SIDEWALK CONSTRUCTION, AND ALL RELATED DESIGN, ENGINEERING AND INSPECTION WORK.

BE IT RESOLVED BY THE GOVERNING BODY OF THE CITY OF LAWRENCE, KANSAS:

Section 1.  The Governing Body hereby finds that the following designated streets, or portions thereof, have been designated a major or main Trafficway within the City of Lawrence, Kansas, pursuant to K.S.A. 12-685 (Code of the City of Lawrence, Kansas, Section 17-501 et seq.), and amendments thereto:

23^rd Street, Iowa to Louisiana

Section 2.       The Governing Body hereby authorizes the construction of certain main trafficway improvements on the streets and intersections as set forth in Section 1, including, but not limited to milling, overlay, curbing, guttering, paving, acquiring rights-of-way and easements, sidewalk construction, and all related design, engineering and inspection work and authorizes the issuance of general obligation bonds pursuant to K.S.A. 12-685 et seq. to pay the costs thereof.

Section 3.  The estimated cost for the improvements on the streets and intersections described in Section 1, is $550,000 plus issuance and interest costs, for said improvements.  The cost of the improvements shall be paid from all lawful sources including the issuance of General Obligation Bonds pursuant to K.S.A. 12-685 et seq. and other lawful authority. Said estimated cost as above set forth is hereby increased at the pro-rata rate of 1 percent per month from and after the adoption date of this Resolution, exclusive of the costs of temporary financing.

Section 4.  The City expects to design, construct and to make additional capital expenditures on and after the date of adoption of this resolution in connection with the improvements 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 $550,000 plus costs of issuance and plus costs of interest and temporary financing.

Adopted on this _______ day of September 2004.

APPROVED:

                                                                        ______________________________

                                                                        Mike Rundle, Mayor

ATTEST:

___________________________________

Frank S.  Reeb, City Clerk