4/8/2022 - Ordinance No. 22-11103
ORDINANCE NUMBER 22-11103
AN ORDINANCE UNCONDITIONALLY APPROVING THE ISSUANCE OF GENERAL OBLIGATION BONDS BY THE SALINA AIRPORT AUTHORITY FOR THE PURPOSE OF FINANCING THE COST OF CERTAIN CAPITAL IMPROVEMENTS LOCATED AT THE SALINA REGIONAL AIRPORT AND AIRPORT INDUSTRIAL CENTER.
WHEREAS, on March 16, 2022, the Board of Directors of the Salina Airport Authority (the “Authority”) adopted a resolution approving the issuance of not to exceed $12,250,000 of general obligation bonds of the Authority to pay the cost of certain capital improvements located at the Salina Regional Airport and Airport Industrial Center, including, but not limited to:
- The design, construction, acquisition and installation of equipment necessary to construct an aircraft paint facility in Hangar 606 at the estimated cost of $7,900,000 (the “Hangar 606 Paint Facility Project”)
- The design and construction of improvements to Hangar 626 to house aircraft modification, maintenance, repair and overhaul operations at the estimated cost of $2,500,000 (the “Hangar 626 MRO Project”)
- The design and construction of improvements to the aircraft apron areas, taxi areas, and employee parking areas associated with Hangars 606 and 626 at the estimated cost of $1,850,000 (the “Hangar 606 & 626 Pavement Project” and collectively with the Hangar 606 Paint Facility Project and Hangar 626 MRO Project, the “Project”)
as authorized by K.S.A. 27-315 to 27-326, inclusive; and
WHEREAS, K.S.A. 27-323 provides that the Authority shall forward a copy of such resolution to the Mayor of the City, who shall present such resolution of the governing body of the City for its approval or disapproval.
SO NOW THEREFORE, BE IT ORDAINED BY THE GOVERNING BODY OF THE CITY OF SALINA, KANSAS AS FOLLOWS:
Section 1. That the resolution of the Authority adopted on March 16, 2022, providing for the issuance of not to exceed $12,250,000 of general obligation bonds of the Authority for the purpose of financing the costs of the Project is hereby unconditionally approved.
Section 2. That this ordinance shall be in full force and effect from and after its adoption and publication once, or publication of a summary thereof, in the official city newspaper.
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PASSED by the City Commission the 4th day of April, 2022, and SIGNED by the Mayor.
[Seal] Trent W. Davis, M.D., Mayor
JoVonna A. Rutherford, City Clerk