Item Coversheet

City of Topeka
Council Action Form
 Council Chambers
214 SE 8th Street
Topeka, Kansas 66603
www.topeka.org
April 18, 2017
DATE:April 18, 2017
CONTACT PERSON:Nickie Lee, Budget ManagerDOCUMENT #:
SECOND PARTY/SUBJECT:PROJECT #:
CATEGORY/SUBCATEGORY 020 Resolutions / 005 Miscellaneous
CIP PROJECT:Yes
ACTION OF COUNCIL:Defer One Week 04-11-18JOURNAL #:
PAGE #:
DOCUMENT DESCRIPTION:

 

A RESOLUTION introduced by Interim City Manager Doug Gerber, declaring the necessity to repair, alter, reconstruct, enlarge or improve the City's water, water pollution, and/or stormwater utility system through improvement projects authorized by Resolution and providing Notice of Intention authorizing the issuance of revenue bonds in the manner required by K.S.A. 10-1201, et seq. (Deferred from the meeting of April 11, 2017.)

 

Voting Requirement:  Two-thirds vote of the Governing Body, including the Mayor.

 

(Approval would authorize the issuance of revenue bonds for the water/water pollution/stormwater projects identified in the CIB and direct the City Clerk to publish the notice in the Topeka Metro News of the City's intent to issue revenue bonds.)

POLICY ISSUE:
Whether to authorize the issuance of revenue bonds for the enterprise-funded projects identified in Attachment A of the resolution.
STAFF RECOMMENDATION:
Staff recommends the Governing Body move to approve the resolution.
BACKGROUND:

As part of the Capital Improvement Plan/Capital Improvement Budget approval process, the Governing Body will consider the project budgets for improvements to the waterworks/sanitary sewer/stormwater sewer system for 2018-2020. Assuming that the Governing Body approves the project budgets, the next step will be to determine whether to use revenue bonds to finance the costs. If the governing body approves the issuance of revenue bonds to pay the costs, state law requires that the governing body approve issuance and provide notice of intention to do so, thus giving citizens the ability to protest the use of the bonds.

BUDGETARY IMPACT:
SOURCE OF FUNDING:
Revenue Bonds
ATTACHMENTS:
Description
Resolution
Notice of Intent - Project T-501035.00
Notice of Intent - Project T-291018.02
Notice of Intent - Project T-281141.00
Notice of Intent - Project T-281037.02
Notice of Intent - Project T-281037.03
2018-2027 Proposed CIP Book