Title
A Resolution authorizing the offering for sale of General Obligation Bonds for a total bond issuance not to exceed $50,000,000, 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”).
In March 2024, the City has previously issued $11,650,000 for Question 1, $10,200,000 for Question 2, and $2,835,000 for Question 3.
This second debt offering of up to $50 million could potentially include the property, acquisition, design, preconstruction, equipment and project cost for the following:
Public Safety/Emergency Preparedness (Question 1) $37,650,000
Facility Reinvestment: Emergency Preparedness
Fire Station 1 Remodel
Joint Operation Facility Building
Public Safety Technology
Police/Court Building Renovation Phase II
Police South Substation
IT Network Infrastructure Improvements
Public Roadway and Infrastructure...
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