Title
A RESOLUTION AUTHORIZING AND DIRECTING THE ISSUANCE, SALE AND DELIVERY OF GENERAL OBLIGATION REFUNDING AND IMPROVEMENT BONDS, SERIES A, 2015, OF SEDGWICK COUNTY, KANSAS; PROVIDING FOR THE LEVY AND COLLECTION OF AN ANNUAL TAX FOR THE PURPOSE OF PAYING THE PRINCIPAL OF AND INTEREST ON SAID BONDS AS THEY BECOME DUE; MAKING CERTAIN COVENANTS AND AGREEMENTS TO PROVIDE FOR THE PAYMENT AND SECURITY THEREOF; AND AUTHORIZING CERTAIN OTHER DOCUMENTS AND ACTIONS CONNECTED THEREWITH.
Presented by: Chris Chronis, Chief Financial Officer.
RECOMMENDED ACTION: Adopt the resolution and authorize the Chairman to sign.
Body
The Resolution authorizes the issuance and delivery of general obligation bonds of the County in the principal amount of $13,680,000, and authorizes the Chairman and Chief Financial Officer, in conjunction with Springsted Incorporated, financial advisor, and Gilmore & Bell, P.C., bond counsel, to cause to be prepared such other documents and take such further action as may be necessary to accomplish the sale of the bonds.
The bonds will provide funds to: (a) permanently finance a portion of the costs of the following public improvements previously authorized by the Board, plus costs of issuance:
Project Description Res. No. Authority Cost Estimate
Courthouse Complex -
Acquisition of building for County admin. offices 167-2014 K.S.A. 19-1510/Ch.Res. 56 $7,400,000
Bridge- 183rd St. W. between 47th and 55th St. S. 168-2014 K.S.A. 68-1103 600,000
Bridge- 87th St. S. between 295th and 311th St. W. 168-2014 K.S.A. 68-1103 500,000
Bridge- 45th St. N. between Broadway and Hydraulic 168-2014 K.S.A. 68-1103 600,000
Bike Ped. Bridge on Meridian over WVCFC Project (1) 168-2014 K.S.A. 68-1103 1,500,000
Bridge- 143rd St...
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