Title
A Resolution authorizing the offering for sale of General Obligation Bonds for the benefit of the City of Lee's Summit, Missouri.
Body
Issue/Request:
The City received voter approval in the General Municipal Election on April 4, 2023 approved the issuance of general obligation bonds for the purposes of the following: $74,000,000 for Public Safety & Emergency Preparedness purposes acquiring land, acquiring, constructing, furnishing and equipping buildings and facilities, making certain renovations and improvements to existing facilities and acquiring equipment and network/technology improvements for public safety and emergency preparedness purposes (“Question 1”); $98,000,000 for Transportation purposes including without limitation, acquiring land and rights of way, and acquiring, constructing, reconstructing, repairing and improving streets, roads, bridges and sidewalks throughout the city and acquiring, constructing, renovating, and improving the airport (“Question 2”); and $14,000,000 for General Municipal purposes of acquiring, constructing, renovating, improving and equipping municipal buildings, facilities and network/technology infrastructure and systems including renovations and improvements to city hall and maintenance facilities (“Question 3”).
This initial debt offering of up to $30 million could potentially include the property acquisition, design, preconstruction, equipment and project costs for the following:
Public Safety/Emergency Preparedness (Question 1) $14,000,000
Public Safety Operations Coordination Center
CITY IT Network Infrastructure Improvement
City Network Security Improvements
Fire Station 1 (HQ) Complete Remodel
Phase II Police/Courts Building Renovation
Property for Airport ARFF Station and Future Fire Station and Air Traffic Control
Option A: South Police Substation- Fire Station #5 Renovation
Fire 7 Roof Replacement
Replacement of Existing Enterprise Resource Planni...
Click here for full text