ORDINANCE NUMBER 23-11172
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 (FUEL FACILITY PROJECT)
WHEREAS, on August 16, 2023, the Board of Directors of the Salina Airport Authority (the “Authority”) adopted a resolution (the “Authorizing Resolution”) approving the issuance of $5,000,000 (exclusive of costs of issuance and interim financing costs) of general obligation bonds of the Authority to pay an additional portion of the costs of the design and construction of an above-ground aviation fuel facility and all improvements related thereto, including decommissioning of the existing fuel facility at an estimated total cost of $9,921,271 (the “Fuel Facility 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 the Authorizing 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. The Authorizing Resolution providing for the issuance of not to exceed $5,000,000 (exclusive of costs of issuance and interim financing costs) of general obligation bonds of the Authority for the purpose of financing a portion of the costs of the Fuel Facility Project as set forth herein 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.
SUMMARY OF ORDINANCE NUMBER 23-11172
On September 11, 2023, the City of Salina, Kansas, passed Ordinance No. 23-11172. The ordinance unconditionally approves the Salina Airport Authority’s issuance of general obligation bonds to fund a $5,000,000 portion of certain capital improvements. A complete copy of the ordinance is available at www.salina-ks.gov for not less than 7 days following the publication date of this summary or in the office of the City Clerk, 300 W. Ash Street, free of charge. This summary is certificated to be legally accurate and sufficient pursuant to the laws of the State of Kansas by the city attorney.
PASSED by the commission the 11th day of September, 2023, and APPROVED by the Mayor.
Introduced: August 28, 2023
Passed: September 11, 2023
Michael L. Hoppock, Mayor
ATTEST:
Nikki Goding, Deputy City Clerk
The publication summary set forth above is certified this 13th day of September, 2023.
Greg Bengtson, City Attorney