ORDINANCE NUMBER 21-11078
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 August 18, 2021, the Board of Directors of the Salina Airport Authority (the “Authority”) adopted a resolution approving the issuance of not to exceed $3,500,000 (exclusive of costs of issuance and any temporary financing costs) 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:
Construction of five new 50/50 general aviation hangars, public restrooms and associated taxi lane; and
MJ Kennedy Air Terminal concourse and gate improvements to provide for additional passenger seating and capacity; and
Renovation of Building 595 to facilitate the lease of such building for use as a distribution center or other industrial purposes
(the “Project”), as authorized by K.S.A. 27-315 to 27-326, inclusive; and
WHEREAS, the total cost of the Projects shall not exceed $4,100,000, with $3,500,000 to be paid from bond proceeds and the balance to be paid from available Authority funds; 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 Salina Airport Authority adopted on August 18, 2021, providing for the issuance of not to exceed $3,500,000 (exclusive of costs of issuance and any temporary financing costs) of general obligation bonds of the Authority for the purpose of financing the cost 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.
PASSED by the commission the 13th day of September, 2021, and APPROVED by the Mayor.
Introduced: August 23, 2021
[Seal] Passed: September 13, 2021
ATTEST: Melissa Rose Hodges, Mayor
JoVonna Rutherford, City Clerk