[Charter Ord. No. 32, 6-23-2021]
A. Exemption.
The City, by virtue of the powers vested in it by the Act, hereby
elects to exempt itself from and make inapplicable to it the provisions
of K.S.A. 14-570 and K.S.A. 14-571 and shall be governed by the following
substitute and additional provisions contained herein.
B. Master
Plan For Public Improvements. Whenever the City Administrator has
filed with the Governing Body a master capital improvements plan (the
“Plan”) for the physical development of the City within
the boundaries of the City, including the acquisition of land necessary
therefore, the acquisition of equipment, vehicles or other personal
property to be used in relation thereto, and may provide for assumption
and payment of benefit district indebtedness heretofore created for
public improvements, and which Plan may require a number of years
to execute, and such Plan is approved by the Governing Body, the City
is hereby authorized to issue its general obligation bonds (the “Bonds”)
in an amount sufficient to carry out such Plan and associated costs.
C. Procedure
For Issuance Of Bonds. Before any bonds are authorized or issued pursuant
to this Charter Ordinance, the City will adopt a resolution specifying
the amount of such bonds and the purpose of the issuance thereof.
The resolution will be effective upon adoption and the City may proceed
to issue the bonds.