CITY OF VALLEY CENTER April 17, 2012 - Valley Center, KS

CITY OF VALLEY CENTER FINAL AGENDA April 12, 2012

THE CITY COUNCIL SHALL HOLD ITS REGULAR MEETINGS IN THE COUNCIL CHAMBER IN THE CITY HALL, LOCATED AT 121 S. MERIDIAN, BEGINNING AT 7:00 P.M.

April 17, 2012

1. CALL TO ORDER

2. ROLL CALL

3. INVOCATION: MINISTERIAL ALLIANCE

4. PLEDGE OF ALLEGIANCE

5. APPROVAL OF AGENDA p 3

6. CLERK’S AGENDA p 4

A. Minutes p 4

April 3, 2012 Council Meeting p 5

B. Appropriation Ordinance p 9

C. Treasurer’s Report, March 2012 p 20

7. PRESENTATIONS / PROCLAMATIONS p 23

2012 Arbor Day Proclamation p 24

8. PUBLIC FORUM (Citizen input and requests) p 23

9. APPOINTMENTS p 23

10. COMMITTEES, COMMISSIONS p 25

A. Items for Council review p 25

Edna Buschow Memorial Library, March 12, 2012 Minutes p 26

Edna Buschow Memorial Library Financial Statement, April 9, 2012 p 28

Economic Development Task Force, April 5, 2012 Minutes p 30

Economic Development Task Force Agenda p 36

11. OLD BUSINESS p 37

A. Ordinance 1241-12; Re-Zoning 500 N Park, 2nd Reading p 38

12. NEW BUSINESS p 40

A. Ordinance 1242-12, Authorizing & Providing for the Issuance of General Obligation Bonds. p 41

B. Resolution 595-12, Authorizing & Directing the Sale & Delivery of General Obligation Bonds. p 51

C. Improvement Petitions, Replat of Valley Creek Estates, 2nd Addition p 109

Storm Water Sewer Improvements Petition p 110

Sanitary Sewer Improvements Petition p 114

D. Authorizing Resolutions, Replat of Valley Creek Estates, 2nd Addition

Improvements p 118

Resolution 596-12, Storm Water Sewer Improvements p 119

Resolution 597-12, Sanitary Sewer Improvements p 122

E. Consideration of Request to Reduce Certain Fees. p 125

13. CONSENT AGENDA p 133

A. Revenue & Expense Financial Summaries, March 2012 p 134

B. Bad Debt / Delinquent Accounts, March 2012 p 148

C. Waste Management Quarterly Report p 153

D. Waste Management Updated Collection Schedule p 156

14. STAFF REPORTS p 158

15. GOVERNING BODY REPORTS p 165

16. ADJOURN

All items listed on this agenda are potential action items unless otherwise noted. The agenda may be modified or changed at the meeting without prior notice.

At anytime during the regular City Council meeting, the City Council may meet in executive session for consultation concerning several matters (real estate, litigation, non-elected personnel and security).

This is an open meeting, open to the public, subject to the Kansas Open Meetings Act (KOMA). The City of Valley Center is committed to providing reasonable accommodations for persons with disabilities upon request of the individual. Individuals with disabilities requiring an accommodation to attend the meeting should contact the City Clerk in a timely manner, at [email protected] or by phone at (316)755-7310.

For additional information on any item on the agenda, please visit www.valleycenter-ks.gov or call (316) 755-7310.

APRIL 17, 2012 CITY COUNCIL MEETING

APPROVAL OF AGENDA

RECOMMENDED ACTION:

Staff recommends motion to approve the agenda as presented / amended.


CLERK’S AGENDA

A. MINUTES:

Attached are the Minutes from the meeting of April 3, 2012 Regular Council Meeting as prepared by the City Clerk.

RECOMMENDED ACTION:

Staff recommends motion to approve the April 3, 2012 Regular Council Meeting Minutes as presented / amended


REGULAR COUNCIL MEETING APRIL 3, 2012

CITY HALL 121 S. MERIDIAN

Mayor McNown called the meeting to order at 7:00 p.m. with the following members present: Judith Leftoff, Lou Cicirello, Dan Smith, Harrison Gerling, Marci Maschino, Lionel Jackson, Kate Jackson, and Al Hobson. Members Absent: Staff Present: Joel Pile, City Administrator

Kristine Polian, City Clerk Jose Santiago, Assistant City Clerk Lonnie Tormey, Fire Chief

Mark Hephner, Police Chief Richard Dunn, City Superintendent Neal Owings, Parks and Public Buildings Superintendent Warren Utecht, Community Development Director Mike Kelsey, City Engineer Barry Arbuckle, City Attorney Press present: The Ark Valley News APPROVAL OF THE AGENDA The Sidewalk Master Plan discussion was added to the Agenda under Item D in New Business. Cicirello moved, second by L. Jackson, to approve the Agenda as amended. Vote yea: unanimous. Motion carried. CLERK’S AGENDA MINUTES- MARCH 20, 2012 REGULAR COUNCIL MEETING Hobson moved, second by Cicirello, to approve the Minutes from the March 20, 2012 Regular Council Meeting as presented. Vote yea: unanimous. Motion carried. APPROPRIATION ORDINANCE- 04/03/2012 Hobson moved, second by Cicirello, to approve Appropriation Ordinance No. 04/03/2012 as presented. Vote yea: unanimous. Motion carried. TREASURER’S REPORT, FEBRUARY 2012 Maschino moved, second by Hobson, to receive and file the February 2012 Treasurer’s report as presented. PUBLIC FORUM


COMMITTEES AND COMMISSIONS City Administrator Pile stated the Library Financial Statements would be in the next Agenda packet, as requested by Council. APPOINTMENTS OLD BUSINESS CLAIRIFICATION RE: CHAMBER OF COMMERCE REQUEST ON MARCH 6, 2012 Hobson moved, second by L. Jackson, to deny Chamber’s request to establish an event district June I, 2012 allowing consumption of alcoholic beverages within a designated area including portions of public right-of-way. Vote yea: K. Jackson, Leftoff, Maschino, Gerling, Hobson and L. Jackson. Opposed: Cicirello and Smith. Motion carried. NEW BUSINESS RESOLUTION 593-12. AUTHORIZING THE OFFERING FOR SALE OF G.O. BONDS 2012-1, 2012-2 AND 2012-3 Cicirello moved, second by Smith, to adopt Resolution 593-12, authorizing the offering for sale General Obligation Refunding and Improvement Bonds, Series 2012-1; General Obligation Bonds, Series 2012-2; and General Obligation Bonds, Series 2012-3, of the City of Valley Center, Kansas. Vote yea: unanimous. Motion carried. RESOLUTION 594-12- TAX EXEMPT FINANCING COMPLIANCE PROCEDURE Maschino moved, second by L. Jackson, to adopt Resolution 594-12, adopting a Tax-exempt Financing Compliance Procedure relating to obligations issued and to be issued by the City of Valley Center, Kansas. Vote yea: unanimous. Motion carried. ORDINANCE 1241-12, REZONING 500 N. PARK, 1ST READING Cicirello moved, second by Maschino, to adopt Ordinance 1241-12 rezoning 500 N. Park, for first reading. Vote yea: unanimous. Motion carried. MASTER SIDEWALK PLAN City Administrator Pile stated the Council has been presented the Sidewalk Master Plan contract from P.E.C. in the past but it was not approved; the circumstances have now changed regarding the Plan as the Valley Center Recreation Commission has agree to split the cost with the City. Hobson moved, second by L. Jackson, to enter into contract with P.E.C. to design the Sidewalk Master Plan, with a cost not to exceed $6,750. Vote yea: unanimous. Motion carried. CONSENT AGENDA Cicirello moved, second by L. Jackson, to approve the Consent Agenda as presented. Vote yea: unanimous. Motion carried.


STAFF REPORTS COMMUNITY DEVELOPMENT DIRECTOR UTECHT Stated there would be an Economic Development Task Force meeting on Thursday, April 5. PARKS AND PUBLIC BUILDINGS SUPERINTENDENT OWINGS Stated there was vandalism done to trash cans at McLaughlin Park recently, and would cost the City approximately $1,500- $2,000 to replace the damaged property. L. Jackson stated he knew cameras had been discussed in the past and asked if they are still being considered. Owings stated the discussion has not taken place for several years, as the cost for the project was prohibitive at the time, given the large number of cameras needed to cover the area. CITY ENGINEER KELSEY Said the design for the North Meridian paving project from 5th Street to Goff Road would be complete this week, advertising would be done next week and the project would be bid on April 26. Said the plan is to complete the project while school is out of session. Stated the City is proceeding forward with the 5th Street bridge; the field check and office check plans have been completed and the project is still set to bid in September. CITY ADMINISTRATOR PILE Stated he received the preliminary data from Austin Peters Group for the wage analysis and he will be presenting the information at the first meeting in May, this is good timing for the 2013 Budget preparation. Also said the vandalism at McLaughlin Park was costly and the Community should be aware of the issue, as what seems as a minor infraction against the City can be quite costly to repair. GOVERNING BODY REPORTS MAYOR MCNOWN Said there will be a SCAC meeting at City Hall in Valley Center on April 14; continental breakfast at 8:30 a.m. and meeting at 9:00 a.m. Thanked the Police Department for the Open House; appreciated the tour of the new equipment. Said he is looking for a Council volunteer to serve as Chair for the Veterans Committee, as Councilmember K. Jackson is resigning form the position. Asked for anyone interested to please get in touch with him. Welcomed Jose Santiago to the City as the new Assistant City Clerk. COUNCILMEMBER LEFTOFF Said she was approached by local business owners who wanted to know why their real estate taxes increased suddenly. Pile stated this was done by Sedgwick County, not the City, and thinks it is a reconciliation of sorts done every few years by the County.


COUNCILMEMBER CICIRELLO Said there was a change in the start and end times for the intermediate school that now aligns with the high school times; asked if there are plans to include a left-turn lane in the Meridian Street paving project due to potential traffic problems. Police Chief Hephner stated he agreed that problems might exist with traffic and plans to meet with Rick White from the School District and the City Engineer to discuss possible mitigation of the problem. Said he will keep the Council apprised of the situation. COUNCILMEMBER SMITH Asked if any progress has been made in meeting with the School Board to discuss the Recreation Commission’s proposal. Pile stated he met with Superintendent Springston and discussed a possible joint meeting between the School Board and the City Council in late May. Said by that time the Board will have selected a new Superintendent and Staff will have all the necessary information to address the issue. COUNCILMEMBER HOBSON Said late Saturday evening he noticed a small fire on the east side of the railroad tracks and called Valley Center dispatch to report it. Said at that time he was transferred to Sedgwick County 911 and was put on hold for so long that he decided to hang up. Said he thinks this only reiterates the need for local dispatch. Mayor McNown asked Police Chief Hephner to make sure Sedgwick County does not have phone calls received from Valley Center set to non-emergency. Hobson said he facilitated a discussion between the City and the Historical Society regarding the possibility of borrowing and displaying historic pictures of the City from the Historic Society in City Hall. Said he brings it up in hopes that Staff will continue with the project. Maschino moved, second by Hobson, to adjourn the meeting. Vote yea: unanimous. Motion carried. Meeting adjourned at 8:05 p.m. _____

Kristine A. Polian, City Clerk


CLERK’S AGENDA

B. APPROPRIATION ORDINANCE:

Below is the proposed Appropriation Ordinance for April 17, 2012 as prepared by City Staff.

April 17, 2012 Appropriation

Packet # 1 $ 123,271.56

Packet # 2 $ 1,290.99

Packet # 3 $ 175.00

Total $ 127,737.55

RECOMMENDED ACTION:

Staff recommends motion to approve the April 17, 2012 Appropriation Ordinance as presented / amended.


04-10-2012 11:56 AM COUNCIL MTG PACKET # 1, April 17, 2012 PAGE: 1

VENDOR NAME DESCRIPTION FUND DEPARTMENT AMOUNT_

A T & T KANSAS 3/4-4/2/12 COM BLDG INTER GENERAL FUND PARKS AND PUBLIC GROUN 65.00_

TOTAL: 65.00

ARK VALLEY NEWS ORDIN 1239-12 GENERAL FUND ADMINISTRATION 49.92

ORDIN 1238-12 GENERAL FUND ADMINISTRATION 921.60

ZONING GENERAL FUND COMMUNITY DEVELOPMENT 20.48

ARTICLE 16 GENERAL FUND COMMUNITY DEVELOPMENT 21.76

ORDIN 1240-12 GENERAL FUND COMMUNITY DEVELOPMENT 46.08_

TOTAL: 1,059.84

AT&T 3/2012 DATA & PHN SRVCS GENERAL FUND POLICE 74.33

3/2012 DATA & PHN SRVCS GENERAL FUND EMERGENCY COMMUNICATIO 148.58

3/2012 DATA & PHN SRVCS GENERAL FUND EMERGENCY COMMUNICATIO 74.33

3/2012 DATA & PHN SRVCS WATER OPERATING NON-DEPARTMENTAL 318.85

3/2012 DATA & PHN SRVCS WATER OPERATING NON-DEPARTMENTAL 298.22_

TOTAL: 914.31

CIERO COMMUNICATIONS JOB TICKET 212008 GENERAL FUND FIRE 94.00_

TOTAL: 94.00

CITY OF WICHITA 2-14 THRU 3-16-12 STATEME WATER OPERATING NON-DEPARTMENTAL 22,848.18

FEB 2012 BIO SOLIDS HAULE SEWER OPERATING NON-DEPARTMENTAL 3,780.00_

TOTAL: 26,628.18

CIVIC PLUS 4/2012 WEBSITE FEE GENERAL FUND ADMINISTRATION 85.71

4/2012 WEBSITE FEE GENERAL FUND LEGAL & MUNICIPAL COUR 10.71

4/2012 WEBSITE FEE GENERAL FUND COMMUNITY DEVELOPMENT 10.71

4/2012 WEBSITE FEE GENERAL FUND POLICE 96.43

4/2012 WEBSITE FEE GENERAL FUND FIRE 16.07

4/2012 WEBSITE FEE GENERAL FUND EMERGENCY COMMUNICATIO 42.86

4/2012 WEBSITE FEE GENERAL FUND PARKS AND PUBLIC GROUN 32.14

4/2012 WEBSITE FEE GENERAL FUND ENVIRONMENTAL SERVICES 5.37

4/2012 WEBSITE FEE SPECIAL HIGHWAY SPECIAL HIGHWAY 26.79

4/2012 WEBSITE FEE WATER OPERATING NON-DEPARTMENTAL 37.50

4/2012 WEBSITE FEE SEWER OPERATING NON-DEPARTMENTAL 10.71_

TOTAL: 375.00

COX COMMUNICATIONS COM BLDG INTERNET GENERAL FUND PARKS AND PUBLIC GROUN 79.95_

TOTAL: 79.95

DAVE BOWMAN, PH.D DUTY EVALUATION GENERAL FUND POLICE 150.00_

TOTAL: 150.00

DIVERSIFIED LENDING - HCSB 4/2012 LEASE PAYMENT GENERAL FUND COMMUNITY DEVELOPMENT 789.67_

TOTAL: 789.67

EAGLEMED LLC BLS-R COURSE GENERAL FUND FIRE 320.00_

TOTAL: 320.00

FAMILY SUPPORT PAYMENT CENTER CASE # 11LWAD00059 SPECIAL HIGHWAY NON-DEPARTMENTAL 83.75_

TOTAL: 83.75

H & H ADMINISTRATORS MARCH 2012 GENERAL FUND ADMINISTRATION 22.00

MARCH 2012 GENERAL FUND ADMINISTRATION 38.00

MARCH 2012 GENERAL FUND LEGAL & MUNICIPAL COUR 5.50

MARCH 2012 GENERAL FUND COMMUNITY DEVELOPMENT 5.50




MARCH 2012 GENERAL FUND POLICE 33.00

MARCH 2012 GENERAL FUND EMERGENCY COMMUNICATIO 11.00

MARCH 2012 GENERAL FUND PARKS AND PUBLIC GROUN 22.00

MARCH 2012 GENERAL FUND ENVIRONMENTAL SERVICES 5.50

MARCH 2012 SPECIAL HIGHWAY SPECIAL HIGHWAY 16.50

MARCH 2012 WATER OPERATING NON-DEPARTMENTAL 22.00

MARCH 2012 SEWER OPERATING NON-DEPARTMENTAL 11.00_

TOTAL: 192.00

HACH COMPANY 300 CL2 PACKETS WATER OPERATING NON-DEPARTMENTAL 74.50_

TOTAL: 74.50

HARDLINE GRAPHICS 8 PANELS PAINTED GENERAL FUND COMMUNITY DEVELOPMENT 800.00_

TOTAL: 800.00

ING LIFE INSURANCE & ANNUITY 457 DEFERRED COMP GENERAL FUND NON-DEPARTMENTAL 887.00

457 DEFERRED COMP SPECIAL HIGHWAY NON-DEPARTMENTAL 25.00

457 DEFERRED COMP WATER OPERATING NON-DEPARTMENTAL 212.50_

TOTAL: 1,124.50

INTRUST BANK NA FEDL WITHHOLDING TAX GENERAL FUND NON-DEPARTMENTAL 161.71

FEDL WITHHOLDING TAX GENERAL FUND NON-DEPARTMENTAL 4,809.33

FICA TAX GENERAL FUND NON-DEPARTMENTAL 147.58

FICA TAX GENERAL FUND NON-DEPARTMENTAL 2,016.53

MEDICARE GENERAL FUND NON-DEPARTMENTAL 50.99

MEDICARE GENERAL FUND NON-DEPARTMENTAL 696.14

FICA TAX GENERAL FUND ADMINISTRATION 31.00

FICA TAX GENERAL FUND ADMINISTRATION 550.26

MEDICARE GENERAL FUND ADMINISTRATION 7.28

MEDICARE GENERAL FUND ADMINISTRATION 128.69

FICA TAX GENERAL FUND LEGAL & MUNICIPAL COUR 140.81

FICA TAX GENERAL FUND LEGAL & MUNICIPAL COUR 84.41

MEDICARE GENERAL FUND LEGAL & MUNICIPAL COUR 32.94

MEDICARE GENERAL FUND LEGAL & MUNICIPAL COUR 19.75

FICA TAX GENERAL FUND COMMUNITY DEVELOPMENT 175.53

MEDICARE GENERAL FUND COMMUNITY DEVELOPMENT 41.05

FICA TAX GENERAL FUND POLICE 1,199.51

MEDICARE GENERAL FUND POLICE 280.50

FICA TAX GENERAL FUND FIRE 46.04

FICA TAX GENERAL FUND FIRE 243.36

MEDICARE GENERAL FUND FIRE 10.77

MEDICARE GENERAL FUND FIRE 56.92

FICA TAX GENERAL FUND EMERGENCY COMMUNICATIO 272.45

MEDICARE GENERAL FUND EMERGENCY COMMUNICATIO 63.71

FICA TAX GENERAL FUND PARKS AND PUBLIC GROUN 360.84

MEDICARE GENERAL FUND PARKS AND PUBLIC GROUN 84.38

FICA TAX GENERAL FUND ENVIRONMENTAL SERVICES 90.40

MEDICARE GENERAL FUND ENVIRONMENTAL SERVICES 21.14

FEDL WITHHOLDING TAX SPECIAL HIGHWAY NON-DEPARTMENTAL 435.54

FICA TAX SPECIAL HIGHWAY NON-DEPARTMENTAL 232.93

MEDICARE SPECIAL HIGHWAY NON-DEPARTMENTAL 80.41

FICA TAX SPECIAL HIGHWAY SPECIAL HIGHWAY 343.87

MEDICARE SPECIAL HIGHWAY SPECIAL HIGHWAY 80.41

FEDL WITHHOLDING TAX WATER OPERATING NON-DEPARTMENTAL 773.23

FICA TAX WATER OPERATING NON-DEPARTMENTAL 363.93

MEDICARE WATER OPERATING NON-DEPARTMENTAL 125.65




FICA TAX WATER OPERATING NON-DEPARTMENTAL 537.23

MEDICARE WATER OPERATING NON-DEPARTMENTAL 125.65

FEDL WITHHOLDING TAX SEWER OPERATING NON-DEPARTMENTAL 275.31

FICA TAX SEWER OPERATING NON-DEPARTMENTAL 128.00

MEDICARE SEWER OPERATING NON-DEPARTMENTAL 44.19

FICA TAX SEWER OPERATING NON-DEPARTMENTAL 188.95

MEDICARE SEWER OPERATING NON-DEPARTMENTAL 44.19_

TOTAL: 15,603.51

KANSAS DEPT OF REVENUE STATE WITHHOLDING GENERAL FUND NON-DEPARTMENTAL 45.55

STATE WITHHOLDING GENERAL FUND NON-DEPARTMENTAL 1,994.83

STATE WITHHOLDING SPECIAL HIGHWAY NON-DEPARTMENTAL 188.96

STATE WITHHOLDING WATER OPERATING NON-DEPARTMENTAL 415.76

FEB 2012 SALES TAX WATER OPERATING NON-DEPARTMENTAL 482.15

STATE WITHHOLDING SEWER OPERATING NON-DEPARTMENTAL 106.52_

TOTAL: 3,233.77

KANSAS GAS SERVICE 2/6-3/5/2012 CITY GAS SRV GENERAL FUND ADMINISTRATION 383.93

2/6-3/5/2012 CITY GAS SRV GENERAL FUND POLICE 139.74

2/6-3/5/2012 CITY GAS SRV GENERAL FUND FIRE 69.87

2/6-3/5/2012 CITY GAS SRV GENERAL FUND EMERGENCY COMMUNICATIO 139.74

2/6-3/5/2012 CITY GAS SRV WATER OPERATING NON-DEPARTMENTAL 386.10

2/6-3/5/2012 CITY GAS SRV SEWER OPERATING NON-DEPARTMENTAL 1,686.40_

TOTAL: 2,805.78

KANSAS PAYMENT CENTER CASE # SG 06DM000961 GENERAL FUND NON-DEPARTMENTAL 150.00

CASE # SG98D*002573 GENERAL FUND NON-DEPARTMENTAL 110.31

CASE # SG 06DM00734 GENERAL FUND NON-DEPARTMENTAL 224.00

CASE # SG 07DM00222 GENERAL FUND NON-DEPARTMENTAL 247.00

CASE # SG 07DM00222 ADDL C GENERAL FUND NON-DEPARTMENTAL 68.00

CASE # SG 05DM06422 WATER OPERATING NON-DEPARTMENTAL 204.50_

TOTAL: 1,003.81

KPERS KPERS OPTIONAL GROUP LIFE GENERAL FUND NON-DEPARTMENTAL 53.10

KPERS TIER 2 GENERAL FUND NON-DEPARTMENTAL 456.74

KPERS TIER 1 GENERAL FUND NON-DEPARTMENTAL 1,544.10

KPERS TIER 2 EMPLOYEE BENEFITS NON-DEPARTMENTAL 938.45

KPERS TIER 1 EMPLOYEE BENEFITS NON-DEPARTMENTAL 3,732.31

KPERS OPTIONAL GROUP LIFE SPECIAL HIGHWAY NON-DEPARTMENTAL 12.85

KPERS TIER 2 SPECIAL HIGHWAY NON-DEPARTMENTAL 124.41

KPERS TIER 1 SPECIAL HIGHWAY NON-DEPARTMENTAL 130.89

KPERS OPTIONAL GROUP LIFE WATER OPERATING NON-DEPARTMENTAL 5.70

KPERS TIER 2 WATER OPERATING NON-DEPARTMENTAL 126.22

KPERS TIER 1 WATER OPERATING NON-DEPARTMENTAL 270.47

KPERS TIER 2 SEWER OPERATING NON-DEPARTMENTAL 59.75

KPERS TIER 1 SEWER OPERATING NON-DEPARTMENTAL 88.50_

TOTAL: 7,543.49

LAURIE B WILLIAMS CASE # 09-14039 GENERAL FUND NON-DEPARTMENTAL 55.00

CASE # 11-13654 GENERAL FUND NON-DEPARTMENTAL 172.00

CASE # 08-10028-13 WATER OPERATING NON-DEPARTMENTAL 84.00_

TOTAL: 311.00

LOREN H HOUK ATTY SRVCS SCHMIED GENERAL FUND LEGAL & MUNICIPAL COUR 150.00_

TOTAL: 150.00




LOYAL AMERICAN LIFE INSURANCE CO LY0053573 L C SEXTON GENERAL FUND NON-DEPARTMENTAL 27.94

LY0054783L C SEXTON GENERAL FUND NON-DEPARTMENTAL 12.70_

TOTAL: 40.64

MAYER SPECIALTY SERVICES MANHOLE CLEANING SEWER OPERATING NON-DEPARTMENTAL 412.50

LIFT STATION CLEANING SEWER OPERATING NON-DEPARTMENTAL 1,050.00_

TOTAL: 1,462.50

MEDICAL PLAZA OF VALLEY CENTER EXAMINATION GENERAL FUND EMERGENCY COMMUNICATIO 314.00_

TOTAL: 314.00

MIKE JOHNSON SALES MASCHINO NAME PLATE GENERAL FUND COMMUNITY DEVELOPMENT 8.50_

TOTAL: 8.50

P S I MARCH MONTHLY SUPPORT GENERAL FUND ADMINISTRATION 195.00

MARCH MONTHLY SUPPORT GENERAL FUND POLICE 357.50

MARCH MONTHLY SUPPORT GENERAL FUND FIRE 780.00

S3 HARD DRIVE GENERAL FUND FIRE 109.99

MARCH MONTHLY SUPPORT SPECIAL HIGHWAY SPECIAL HIGHWAY 162.50

MARCH MONTHLY SUPPORT WATER OPERATING NON-DEPARTMENTAL 162.50

MARCH MONTHLY SUPPORT SEWER OPERATING NON-DEPARTMENTAL 162.50_

TOTAL: 1,929.99

PREFERRED HEALTH SYSTEMS VC REC APRIL 2012 GENERAL FUND NON-DEPARTMENTAL 2,573.48

ADMIN APRIL 2012 EMPLOYEE BENEFITS NON-DEPARTMENTAL 27,940.66

SP STRTS APRIL 2012 SPECIAL HIGHWAY SPECIAL HIGHWAY 3,798.95

WATER APRIL 2012 WATER OPERATING NON-DEPARTMENTAL 2,981.97

SEWER APRIL 2012 SEWER OPERATING NON-DEPARTMENTAL 2,981.97_

TOTAL: 40,277.03

SECURITY BENEFIT DEFERRED COMPENSATION GENERAL FUND NON-DEPARTMENTAL 50.00_

TOTAL: 50.00

SOUTH CENTRAL KANSAS COURT SERVICES CASE # 110350T GENERAL FUND LEGAL & MUNICIPAL COUR 150.00_

TOTAL: 150.00

TYLER TECHNOLOGIES INC ANNUAL SOFTWARE MAINT GENERAL FUND ADMINISTRATION 1,312.45

ANNUAL SOFTWARE MAINT GENERAL FUND LEGAL & MUNICIPAL COUR 727.68

ANNUAL SOFTWARE MAINT GENERAL FUND COMMUNITY DEVELOPMENT 2,863.78

ANNUAL SOFTWARE MAINT GENERAL FUND POLICE 1,446.05

ANNUAL SOFTWARE MAINT GENERAL FUND FIRE 749.47

ANNUAL SOFTWARE MAINT GENERAL FUND EMERGENCY COMMUNICATIO 855.49

ANNUAL SOFTWARE MAINT GENERAL FUND PARKS AND PUBLIC GROUN 903.15

ANNUAL SOFTWARE MAINT GENERAL FUND ENVIRONMENTAL SERVICES 593.30

ANNUAL SOFTWARE MAINT SPECIAL HIGHWAY SPECIAL HIGHWAY 1,158.36

ANNUAL SOFTWARE MAINT WATER OPERATING NON-DEPARTMENTAL 1,528.59

ANNUAL SOFTWARE MAINT STORMWATER UTILITY INVALID DEPARTMENT 627.86

ANNUAL SOFTWARE MAINT SOLID WASTE UTILIT INVALID DEPARTMENT 780.05

ANNUAL SOFTWARE MAINT SEWER OPERATING NON-DEPARTMENTAL 1,271.74_

TOTAL: 14,817.97

U S DEPT OF EDUCATION CASE #- S447705160 GENERAL FUND NON-DEPARTMENTAL 168.72_

TOTAL: 168.72

VANTAGEPOINT TRANS AGENTS RETIREMENT GENERAL FUND NON-DEPARTMENTAL 90.00_

TOTAL: 90.00




VERIZON WIRELESS 02/23 THRU 3/22/2012 GENERAL FUND ADMINISTRATION 40.01

02/23 THRU 3/22/2012 GENERAL FUND ADMINISTRATION 40.01

02/23 THRU 3/22/2012 GENERAL FUND COMMUNITY DEVELOPMENT 40.01

02/23 THRU 3/22/2012 GENERAL FUND POLICE 40.01










02/23 THRU 3/22/2012 GENERAL FUND POLICE 40.01_

TOTAL: 560.14

=============== FUND TOTALS ================

010 GENERAL FUND 37,662.47

110 EMPLOYEE BENEFITS 32,611.42

150 SPECIAL HIGHWAY 6,902.12

610 WATER OPERATING 32,385.40

612 STORMWATER UTILITY FUND 627.86

613 SOLID WASTE UTILITY 780.05

620 SEWER OPERATING 12,302.23

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GRAND TOTAL: 123,271.55

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TOTAL PAGES: 5



SELECTION CRITERIA

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SELECTION OPTIONS

VENDOR SET: 02-CVC - VENDOR ACCOUNTS

VENDOR: All

CLASSIFICATION: All

BANK CODE: All

ITEM DATE: 3/24/2012 THRU 4/07/2012

ITEM AMOUNT: 9,999,999.00CR THRU 9,999,999.00

GL POST DATE: 0/00/0000 THRU 99/99/9999

CHECK DATE: 0/00/0000 THRU 99/99/9999

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PAYROLL SELECTION

PAYROLL EXPENSES: NO

CHECK DATE: 0/00/0000 THRU 99/99/9999

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PRINT OPTIONS

PRINT DATE: None

SEQUENCE: By Vendor Name

DESCRIPTION: Distribution

GL ACCTS: NO

REPORT TITLE: COUNCIL MTG PACKET # 1, April 17, 2012

SIGNATURE LINES: 0

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PACKET OPTIONS

INCLUDE REFUNDS: YES

INCLUDE OPEN ITEM:NO

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CATHY SEXTON 4/2012 SR COORDINATOR CON ACTIVE AGING NON-DEPARTMENTAL 1,125.00_

TOTAL: 1,125.00

JAMES D GRAYSON 4/12 &4/13 TRNG PER DIEM GENERAL FUND POLICE 40.00_

TOTAL: 40.00

JOEL D PILE FEB 2012 MILEAGE REIM GENERAL FUND ADMINISTRATION 125.99_

TOTAL: 125.99

=============== FUND TOTALS ================

010 GENERAL FUND 165.99

220 ACTIVE AGING 1,125.00

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GRAND TOTAL: 1,290.99

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TOTAL PAGES: 1



SELECTION CRITERIA

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SELECTION OPTIONS

VENDOR SET: 03-CVC - EMPLOYEE A/P ACCOUN

VENDOR: All

CLASSIFICATION: All

BANK CODE: All

ITEM DATE: 3/24/2012 THRU 4/07/2012


GL POST DATE: 0/00/0000 THRU 99/99/9999

CHECK DATE: 0/00/0000 THRU 99/99/9999

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PAYROLL SELECTION


CHECK DATE: 0/00/0000 THRU 99/99/9999

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PRINT OPTIONS

PRINT DATE: None



GL ACCTS: NO


SIGNATURE LINES: 0

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PACKET OPTIONS



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ZACHARY D SANDER TICKET REIMBURS GENERAL FUND LEGAL & MUNICIPAL COUR 175.00_

TOTAL: 175.00

=============== FUND TOTALS ================

010 GENERAL FUND 175.00

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GRAND TOTAL: 175.00

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TOTAL PAGES: 1



SELECTION CRITERIA

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SELECTION OPTIONS

VENDOR SET: 04-CVC - REIMBURSEMENTS

VENDOR: All

CLASSIFICATION: All

BANK CODE: All

ITEM DATE: 3/24/2012 THRU 4/07/2012


GL POST DATE: 0/00/0000 THRU 99/99/9999

CHECK DATE: 0/00/0000 THRU 99/99/9999

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PAYROLL SELECTION


CHECK DATE: 0/00/0000 THRU 99/99/9999

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PRINT OPTIONS

PRINT DATE: None



GL ACCTS: NO


SIGNATURE LINES: 0

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CLERK’S AGENDA

C. TREASURER’S REPORT for MARCH 2012:

RECOMMENDED ACTION:

Staff recommends motion to receive and file the March 2012 Treasurer’s Report.


4-12-2012 10:20 AM CITY OF VALLEY CENTER PAGE: 1

MONTHLY TREASURERS REPORT

AS OF: MARCH 31ST, 2012

BEGINNING MONTH TO DATE MONTH TO DATE PENDING ENDING

FUND CASH BALANCE REVENUES EXPENDITURES PAYABLES CASH BALANCE

____________________________________________________________________________________________________________________________________

010-GENERAL FUND 657,682.74 110,768.91 157,420.79 3,991.17 615,022.03

020-SPECIAL PARKS AND REC 14,056.54 1,469.94 0.00 0.00 15,526.48

030-SPECIAL ALCOHOL AND DRUGS 14,056.50 1,469.94 0.00 0.00 15,526.44

110-EMPLOYEE BENEFITS 305,189.69 17,295.07 38,387.51 0.00 284,097.25

111-FLEXIBLE SPENDING ACCT 0.00 0.00 0.00 0.00 0.00

125-FIRE VEHICLE REPLACEMENT 640.30 0.00 0.00 0.00 640.30

126-BUILDING EQUIP RESERVE 111,177.90 0.00 0.00 0.00 111,177.90

127-EQUIPMENT RESERVE 232,976.24 4,293.36 2,193.76 0.00 235,075.84

128-PUBLIC WORKS BUILDING 8,627.24 0.00 0.00 0.00 8,627.24

140-LIBRARY 16,457.48 6,277.87 0.00 0.00 22,735.35

150-SPECIAL HIGHWAY 434,499.80 61,005.97 24,937.37 351.61 470,920.01

160-EMERGENCY EQUIPMENT 93,849.97 1,369.89 0.00 0.00 95,219.86

210-PAYROLL CLEARING 37.62 0.00 0.00 0.00 37.62

220-ACTIVE AGING 2,750.00 0.00 1,125.00 0.00 1,625.00

225-PARK BEAUTIFICATION FUND 3,152.23 0.00 0.00 0.00 3,152.23

230-BUSINESS IMPROVEMENT DIST 1,143.50 0.00 0.00 0.00 1,143.50

240-D.A.R.E. 3,510.07 57.14 0.00 0.00 3,567.21

245-VETERANS FLAG REWARD FUND 0.00 0.00 0.00 0.00 0.00

250-DRUG TAX DISTRIBUTION 5,346.73 0.00 0.00 0.00 5,346.73

260-LAW ENFORCE BLOCK GRANT 2,500.00 0.00 0.00 0.00 2,500.00

280-ADSAP 2,559.80 0.00 0.00 0.00 2,559.80

340-CAPITAL IMPROVEMENT FUND 3,354.07 0.00 0.00 0.00 3,354.07

350-CAPITAL PROJECTS FUND 375,291.02 0.00 40,277.23 0.00 335,013.79

410-BOND & INTEREST 1,121,957.43 71,027.99 0.00 0.00 1,192,985.42

610-WATER OPERATING 298,870.05 94,775.68 57,303.31 2,221.03 338,563.45

611-METER DEPOSIT 0.00 0.00 0.00 0.00 0.00

612-STORMWATER UTILITY FUND 31,524.61 5,790.80 217.27 0.00 37,098.14

613-SOLID WASTE UTILITY 50,090.23 31,204.56 27,644.16 0.00 53,650.63

614-WATER MAINTENANCE RESERVE 7,780.37 0.00 0.00 0.00 7,780.37

615-WATER IMPROVEMENT FUND 146,497.48 0.00 0.00 0.00 146,497.48

616-WATER LOAN PRIN & INT 162,580.88 0.00 0.00 0.00 162,580.88

617-07 WATER LOAN P & I 43,864.54 0.00 0.00 0.00 43,864.54

619-WATER SURPLUS RESERVE 536,894.91 0.00 0.00 0.00 536,894.91

620-SEWER OPERATING ( 76,690.56) 196,054.55 35,952.55 307.29 83,718.73

621-SEWER OPERATION & MAINT 14,795.22 0.00 0.00 0.00 14,795.22

623-07 SEWER LOAN P & I 152,381.70 0.00 114,250.00 0.00 38,131.70

625-1993 SEWER BOND RESERVE 0.00 0.00 0.00 0.00 0.00

626-1993 SEWER BOND P & I 0.00 0.00 0.00 0.00 0.00

627-1993 SEWER DEPRECIATION 0.00 0.00 0.00 0.00 0.00

628-SEWER SURPLUS RESERVE 202,423.22 0.00 0.00 0.00 202,423.22

629-1997 SEWER BOND P & I 0.00 0.00 0.00 0.00 0.00

630-1997 SW BOND DEPR 0.00 0.00 0.00 0.00 0.00

631-1997 SW BOND RESERVE 0.00 0.00 0.00 0.00 0.00

633-2001 SW BOND P & I 138,753.31 0.00 0.00 0.00 138,753.31

634-2001 SW REV BOND DEPR 0.00 0.00 0.00 0.00 0.00



MONTHLY TREASURERS REPORT


BEGINNING MONTH TO DATE MONTH TO DATE PENDING ENDING

FUND CASH BALANCE REVENUES EXPENDITURES PAYABLES CASH BALANCE

____________________________________________________________________________________________________________________________________

635-2001 SW BOND RESERVE 0.00 0.00 0.00 0.00 0.00

BALANCES 5,120,582.83 602,861.67 499,708.95 6,871.10 5,230,606.65

=============== ============== ============== ============= =============

*** END OF REPORT ***


PRESENTATIONS / PROCLAMATIONS

A. 2012 ARBOR DAY PROCLAMATION:

PUBLIC FORUM

APPOINTMENTS


City of Valley Center, KS ARBOR DAY PROCLAMATION

2012

WHEREAS, in 1872, J. Sterling Morton proposed to the Nebraska Board of Agriculture that a special day be set aside for planting of trees, and WHEREAS, this holiday, called Arbor Day, was first observed with the planting of more than a million trees in Nebraska, and WHEREAS, Arbor Day is now observed throughout the nation and the world, and WHEREAS, trees can reduce the erosion of our precious topsoil by wind and water, cut heating and cooling costs, moderate the temperature, clean the air, produce oxygen and provide habitat for wildlife, and WHEREAS, trees are a renewable resource giving us paper, wood for our homes, fuel for our fires and countless other wood products, and WHEREAS, trees in our City increase property values, enhance the economic vitality of business areas and beautify our community. NOW THEREFORE, I, Michael D. McNown, Mayor of Valley Center, Kansas, do hereby proclaim

April 27, 2012 as ARBOR DAY in the City of Valley Center, And I urge all citizens to celebrate Arbor Day and to support efforts to protect our trees and woodlands, and FURTHER, I urge all citizens to plant trees and promote the well being of this and future generations. Dated this 17th day of April, 2012 ___________________________ Michael D. McNown, Mayor


COMMITTEES, COMMISSIONS

A. ITEMS FOR COUNCIL REVIEW:

Edna Buschow Memorial Library, March 12, 2012 Meeting o Library Financials April 5, 2012

Economic Development Task Force, April 4, 2012 Meeting o Public Survey o Way-Finding Signage o Way-Finding Signage Map

Economic Development Task Force, April 19, 2012 Agenda


Edna Buschow Memorial Library Minutes of the March 12, 2012 Board Meeting.

Meeting was called to order by Amy Stamm, President. Present were Amy Stamm, Howard Botts, Marsha Huebert, Jenna Sauber, Spencer Percival, Janice Sharp and Terry Foster.

Marsha made the motion to approve the agenda, Howard seconded. Vote was unanimous

Howard made the motion to accept the February minutes as presented. Spencer seconded. Vote was unanimous.

The financial report was discussed and special note was made that we appear to be short from the city in monies received for 2011. Janice will check with Kristine and report to the board any discrepancy.

Marsha made the motion to accept the financials as presented and Howard seconded. Vote was unanimous. ($222,638.29 is what the city says it paid us this year, $224,550 was the approved budget amount for 2011 and $219,909.49 is what was actually received in 2011)

Librarians report was made by Janice. It has been decided that the Celtic guitarist is coming to the area in October and we may try to hire him to perform for Library month.

We will host the Chamber of Commerce luncheon on 10/16/12, Julie from the System will tell ghost stories.

A summer vacation photo contest will be sponsored by the library as a promotion. This will be sponsored by the Friends.

Janice called the Central office to check on the State Farm grant we had applied for but did not get a response. She will keep trying to get information and will ask Keith Hodge to follow up for us.

There is a Dolly Parton book program that was discussed. Cost per child is $250 for a 5 year program which will provide the child a new book every month for their first 5 years of life. We will discuss at a later date whether we can afford to participate or not.

The Kansas Cosmosphere Center sponsors a star gazing program which costs $1 per person with kids under 7 free. It lasts about 3 hours and provides telescopes and cameras for use at the event. They also have a 2nd program which is a rocket demonstration and a living in space presentation. The Friends group will try to host a cookout and program night this summer on National Hot Dog day – July 23.

Office Manager’s report was presented by Terry. The Interlibrary loan and cataloging is moving along well with our reduced staff. Weeding has been occurring steadily with 1,099 items pulled this year.

Spring break movies for the kids will be provided each day at 2:00

Dr. Seuss birthday party last week had 100 folks attend for a birthday cake and celebration.

Old Business: It has been confirmed that the Library will not pursue the new facility plan with the Recreation Commission. We will continue as planned with our fundraising efforts for our new facility in Lions Park.

We will have a 2013 budget planning meeting at 7:30 on April 2nd.

New Business: Board approved the grant writer ad and job description as presented and it will be sent out this week. The Friends Board will be in charge of hiring and over seeing the process.

Discussion was had as to whether or not to hire a professional fundraiser. Friends will do some checking and get information for us.


The Board approved the application form questions for potential new board members. We will need 3 new board members in May.

Amy presented a report on the plans of the Friends of the Library and their program and fundraising efforts. Programs will include: **April 28, 2 PM – Civil War Costume Program and Tea “Overview of the Underview” by Marti McCartney to be held at the Historical Society.

**May 4, 7 PM – Book Discussion of Gone with the Wind at the Library In conjunction with the book discussion, we will promote a virtual showing of the movie Gone with the Wind (everyone views at home due to movie licensing). Our fundraising promotion for this event will be for those interested to order a Peach Cobbler in a Jar (by suggested donation) to enjoy during the movie. Cobblers should be ordered by Friday, May 4, with pick‐up from May 10 – 12 at the Library. Marsha made the motion to adjourn the meeting and Howard 2nd. Vote was unanimous.


Valley Center Public LibraryIncome Statement

Compared with BudgetFor the Twelve Months Ending December 31, 2012

Current MonthActual

Current MonthBudget

Current MonthVariance

Year to DateActual

Year to DateBudget

Year to DateVariance

RevenuesCity of Valley Center 110,148.46$ 226,300.00$ (116,151.54) 110,148.46$ 226,300.00$ (116,151.54)State Aid 0.00 3,500.00 (3,500.00) 0.00 3,500.00 (3,500.00)SCKLS Grant 0.00 12,500.00 (12,500.00) 0.00 12,500.00 (12,500.00)Fines 671.47 2,000.00 (1,328.53) 671.47 2,000.00 (1,328.53)Copier Fees 248.54 1,000.00 (751.46) 248.54 1,000.00 (751.46)Book Sale Income 0.50 0.00 0.50 0.50 0.00 0.50Other Grants 0.00 0.00 0.00 0.00 0.00 0.00Interest Income 544.21 3,200.00 (2,655.79) 544.21 3,200.00 (2,655.79)Endowments/Trusts 0.00 0.00 0.00 0.00 0.00 0.00Memorial Funds 0.00 0.00 0.00 0.00 0.00 0.00Gifts 0.00 0.00 0.00 0.00 0.00 0.00Donations - Microfilm 0.00 0.00 0.00 0.00 0.00 0.00Miscellaneous Income 97.35 2,000.00 (1,902.65) 97.35 2,000.00 (1,902.65)Summer Reading Grants 0.00 4,500.00 (4,500.00) 0.00 4,500.00 (4,500.00)Do Not Use 0.00 0.00 0.00 0.00 0.00 0.00

Total Revenues 111,710.53 255,000.00 (143,289.47) 111,710.53 255,000.00 (143,289.47)

Cost of SalesDo Not Use 0.00 0.00 0.00 0.00 0.00 0.00

Total Cost of Sales 0.00 0.00 0.00 0.00 0.00 0.00

Gross Profit 111,710.53 255,000.00 (143,289.47) 111,710.53 255,000.00 (143,289.47)

ExpensesWages 42,150.49 131,614.00 (89,463.51) 42,150.49 131,614.00 (89,463.51)Payroll Taxes 5,291.62 12,000.00 (6,708.38) 5,291.62 12,000.00 (6,708.38)Employee Benefits 0.00 10,000.00 (10,000.00) 0.00 10,000.00 (10,000.00)Mileage 0.00 0.00 0.00 0.00 0.00 0.00Mileage 529.18 1,500.00 (970.82) 529.18 1,500.00 (970.82)Books 9,681.32 23,000.00 (13,318.68) 9,681.32 23,000.00 (13,318.68)Non-Print Materials 5,146.29 11,500.00 (6,353.71) 5,146.29 11,500.00 (6,353.71)Movie Licensing 0.00 295.00 (295.00) 0.00 295.00 (295.00)Periodicals 650.33 1,200.00 (549.67) 650.33 1,200.00 (549.67)Electricity & Gas 961.75 4,500.00 (3,538.25) 961.75 4,500.00 (3,538.25)Telephone 0.00 1,300.00 (1,300.00) 0.00 1,300.00 (1,300.00)Internet Service 319.80 960.00 (640.20) 319.80 960.00 (640.20)Trash 0.00 0.00 0.00 0.00 0.00 0.00Repairs & Maintenance 893.03 1,800.00 (906.97) 893.03 1,800.00 (906.97)Storage Rental 115.00 700.00 (585.00) 115.00 700.00 (585.00)Janitorial Service 1,800.00 5,400.00 (3,600.00) 1,800.00 5,400.00 (3,600.00)Accounting 307.50 1,045.00 (737.50) 307.50 1,045.00 (737.50)Web page 75.00 1,500.00 (1,425.00) 75.00 1,500.00 (1,425.00)Office Supplies 582.80 1,000.00 (417.20) 582.80 1,000.00 (417.20)

04/12/2012 at 10:53 AM Page: 1For Management Purposes Only


Valley Center Public LibraryIncome Statement

Compared with BudgetFor the Twelve Months Ending December 31, 2012

Current MonthActual

Current MonthBudget

Current MonthVariance

Year to DateActual

Year to DateBudget

Year to DateVariance

Office Equipment 147.99 800.00 (652.01) 147.99 800.00 (652.01)Book Supplies 1,581.35 2,800.00 (1,218.65) 1,581.35 2,800.00 (1,218.65)Display Materials 0.00 150.00 (150.00) 0.00 150.00 (150.00)Courier Service 0.00 4,000.00 (4,000.00) 0.00 4,000.00 (4,000.00)Computer Software 0.00 4,000.00 (4,000.00) 0.00 4,000.00 (4,000.00)Computer Maintenance 225.00 750.00 (525.00) 225.00 750.00 (525.00)Utilities for Rental Office 0.00 0.00 0.00 0.00 0.00 0.00Postage 287.20 0.00 287.20 287.20 0.00 287.20Insurance 0.00 3,305.00 (3,305.00) 0.00 3,305.00 (3,305.00)Seminars 96.41 500.00 (403.59) 96.41 500.00 (403.59)Dues 0.00 200.00 (200.00) 0.00 200.00 (200.00)Advertising 200.00 1,500.00 (1,300.00) 200.00 1,500.00 (1,300.00)Bank Charges 0.00 0.00 0.00 0.00 0.00 0.00Returned Checks 0.00 0.00 0.00 0.00 0.00 0.00Interest Paid 0.94 0.00 0.94 0.94 0.00 0.94Grant In Kind 0.00 0.00 0.00 0.00 0.00 0.00TALK - Ks. Humanities 0.00 500.00 (500.00) 0.00 500.00 (500.00)Summer Reading Programs 1,286.35 1,300.00 (13.65) 1,286.35 1,300.00 (13.65)Teen Programs Supplies 41.69 1,000.00 (958.31) 41.69 1,000.00 (958.31)Storytime Program Supplies 0.00 100.00 (100.00) 0.00 100.00 (100.00)Misc. Program Expenses 111.21 400.00 (288.79) 111.21 400.00 (288.79)Newsletter - Bookworm 0.00 100.00 (100.00) 0.00 100.00 (100.00)Miscellaneous 94.05 501.00 (406.95) 94.05 501.00 (406.95)Equipment - Technology U. 0.00 500.00 (500.00) 0.00 500.00 (500.00)Travel Expenses - Cont. Ed. 0.00 50.00 (50.00) 0.00 50.00 (50.00)Continuing Education 0.00 150.00 (150.00) 0.00 150.00 (150.00)Improvements 0.00 450.00 (450.00) 0.00 450.00 (450.00)Capital Improvements 0.00 22,630.00 (22,630.00) 0.00 22,630.00 (22,630.00)Fund Raising 0.00 0.00 0.00 0.00 0.00 0.00Grants 0.00 0.00 0.00 0.00 0.00 0.00Gain/Loss on Sale of Assets 0.00 0.00 0.00 0.00 0.00 0.00

Total Expenses 72,576.30 255,000.00 (182,423.70) 72,576.30 255,000.00 (182,423.70)

Net Income 39,134.23$ 0.00$ 39,134.23 39,134.23$ 0.00$ 39,134.23

04/12/2012 at 10:53 AM Page: 2For Management Purposes Only


of 2 April 5, 2012: Valley Center Economic Development Task Force

ECONOMIC DEVELOPMENT TASK FORCE MINUTES

THURSDAY, APRIL 5, 2012 CITY HALL, 121 S. MERIDIAN

Chairperson Matt Stamm called the meeting to order at 7:00 p.m. with the following members present: Casey Carlson, Marshella Peterson, Lisa Vermillion, Jake Jackson, Matt Stamm, and Doug Wedan. Members not present: Penny Hargrove, Harry Gerling, and Mary Jane Stauffer. Staff Present: Warren Utecht and Deby Taylor, Community Development Department. MINUTES OF MARCH 15, 2012 MEETING: Marshella Peterson made a motion to approve the March 15th minutes. Doug Wedan seconded the motion and all approved. Minutes were accepted. NEW BUSINESS:

A. Warren Utecht submitted a final review of the “Public Opinion Survey Regarding City Investments”. Each point was reviewed and discussed. Lisa Vermillion made a suggestion for paragraph two to read “These investments will give the City of Valley Center a distinct advantage over other communities. The growth of our city not only generates a greater tax base to help fund projects, but also creates a community we can all be proud of.” With that addition and a spelling correction a motion was made by Marshella Peterson to send the survey as amended in the May’s city water bill. Casey Carlson seconded the motion, which was passed unanimously. There was also discussion concerning the method by which the surveys would be returned. It was decided that boxes would be prepared for each pick-up spot. Mr. Utecht offered his assistant, Deby Taylor’s service and Marshella offered to help in preparing the boxes and distributing them to the assigned pick-up locations.

B. The topic of “way-finding signage” was brought up by Warren Utecht.

Discussion regarding the location and content of the signs were conveyed. Casey Carlson suggested a traffic count to determine the best locations. Doug Wedan recommended a city sign for the corner of Ridge Road and 85th Street. Attached is a list of sign verbiage and their various locations that were discussed. No final decision was made. Additional discussion will be entertained at the April 19th meeting.

C. Councilman Smith suggested the subject of a City Slogan. Jake Jackson

mentioned that the current slogan is “Valley of Progress, Center of Pride”. Mr. Utecht asked if that slogan reflected the vision for economic development purposes. After dialogue, it was thought that maybe a city slogan contest be considered during the Fall Festival. More discussion will be forthcoming.


of 2 April 5, 2012: Valley Center Economic Development Task Force

MOTION TO ADJOURN: Doug Wedan made a motion to adjourn the Task Force meeting. Jake Jackson seconded and all approved. Meeting was adjourned at 8:03 p.m. Respectfully submitted,

Warren Utecht Economic Development Task Force Secretary

To be approved by the Valley Center Economic Development Task Force on April 19, 2012. _____________________ Matt Stamm, Chairperson WU/dt


Public Opinion Survey Regarding City Investments

The City of Valley Center’s Economic Development Task Force (EDTF) is preparing a recommendation for the City Council which will serve to strengthen and promote Economic Development efforts (enticing homeowners, business, and industry to build, locate and expand in Valley Center). Two ways of promoting Economic Development is by investing in new public facilities and offering incentives. These investments will give the City of Valley Center a distinct advantage over other communities. The growth of our city not only generates a greater tax base to help fund projects, but also creates a community we can all be proud of. The EDTF wants to know how you would prioritize investments to generate Economic Development. Following each category, an estimated monthly cost is shown (not a separate fee, but an increase in your tax bill). This monthly cost is based on a median home value of $125,000 and would be part of your taxes for 15 year to 20 years, depending on the life of a loan. If investments start to generate more construction projects and a greater tax base occurs, the taxes associated with public investments may start to decline. (Details for each listed investment are provided in the footnotes on the back of this survey). Enter a 1 as your highest investment priority and 7 as the lowest investment priority. ______Meridian stormwater project south of Allen Street (estimated monthly tax-$10.00) ______Road repair and reconstruction, including additional turning lanes in strategic locations and reconstruction of dangerous intersections (estimated monthly tax-$5.91) ______Construction of a Recreation Complex (estimated monthly tax-$13.21) ______Construction of a new Library (estimated monthly tax-$9.46) ______Construction of a new public pool (estimated monthly tax-$4.93) ______Sidewalk/walking path repair & construction (estimated monthly tax-$0.79) ______Create homeowner incentives to build new homes (estimated monthly tax-$0.79) Do you have any comments or recommendations?

___________________________________________________________________________

___________________________________________________________________________ If you prefer, this same survey can be taken online at www.valleycenterks.org Note: None of these investments will happen unless the City Council holds a public hearing and the costs are included in an adopted city budget. Please return the completed survey by May 15, 2012.


Places where the Public Opinion Survey can be returned: City Hall, 121 S. Meridian, with your water bill during normal office hours, or drop box in the

drive-up window at City Hall Valley Center School District drop box or office City Library Public Safety Building-dispatch office Chamber of Commerce Office (10:00 a.m. to 2:00 p.m.) Following list of local churches:

1. Grace Connections (300 N. Ash) 2. Faith (325 Emporia) 3. Calvary Baptist (320 N. Sheridan)

4. First United Methodist (560 N. Park) 5. LifePoint (400 S. Abilene) 6. Valley Center Christian (1891 E. 5th )

Following list of businesses:

1. Leeker’s Foods (801 S. Meridian) 2. Anne's Attic (205 S. Meridian) 3. Michael C. Porter, CPA (215 W. Main) 4. Avery Automotive (412 W. Main)

5. Bartel's True Value (506 S. Meridian) 6. Kwik Shop (110 E. 5th) 7. DZ Automotive (142 S. Meridian) 8. Get Fit-Bee Fit (117 S. Park)

Footnotes: Meridian stormwater project south of Allen Street ($5,067,000) Construction of a storm water pump station and major detention pond on city owned property south of Ford Street. Construction of an underground storm water box along Ford Street and Ramsey Drive to Meridian that would drain

to the new detention pond south of Ford Street. Reconstruction of Ford Street and Ramsey Drive and Meridian Avenue with curb and gutter, elimination of the

existing drainage ditches along Ford and Ramsey, and elimination of the low area on Meridian Avenue (a.k.a. “Baxter Springs”).

Road repair and reconstruction, including additional turning lanes in strategic locations and reconstruction of dangerous intersections. ($3,000,000) Poor road conditions create a negative impression as people “shop” for a place to live. Turning lanes add more safety and lowers the number of accidents. Delayed road repair may require total reconstruction, which is a more costly alternative Specifically, Clay Street in the Industrial Park needs to be rebuilt to encourage development of vacant or

underutilized lots, add value to present businesses, and improve stormwater runoff.

Construction of a new Library ($4,800,000) The existing library is poorly sited, undersized, and underutilized due to its design and space limitations. This is one of the amenities that could be the “tipping point” for families deciding where to live.

Construction of a Recreation Complex ($6,700,000) There are insufficient athletic facilities (outdoor and indoor) for residents of Valley Center. A sports complex would add depth to the recreation amenities of the community and could be the “tipping point” for

families deciding where to live. The Recreation Commission wants to raise the finances through a 1% sales tax and one mil from the school

district.

Construction of a new public pool ($2,500,000) The pool has had major upgrades in past years but will need to be replaced in the future with a new pool or some

other water feature. To be competitive with other communities of similar size, the City will need to determine if a new aquatic center

should be built as a way to attract families. (an alternative is a second splash park)

Sidewalk /walking path repair and construction ($400,000) Sidewalk and walking paths are important amenities when competing with other communities in the housing

market. Sidewalks for children walking to schools or parks are an important issue for “young” families.

Develop financial incentives to compete with other cities. ($400,000) There are 139 residential lots that stand vacant in city subdivisions. Incentives for the first 100 lots purchased for

new home construction would be eligible for a $1,000 cash rebate on January 1 for the first 4 years, provided taxes and specials are kept current by the owner.


2ND DRAFT OF WAYFINDING SIGNAGE April 19, 2012

Wayfinding signage consists of 8 signs that are 2 feet wide by 4 feet tall (24 sq. ft.) painted with a blue background and white lettering. Sign #1

1. Lions Park 2. City Hall 3. Downtown 4. Schools 5. Sports Fields

Sign #2

1. Downtown 2. Library 3. Schools 4. Sports Fields

Sign #3

1. McLaughlin P. 2. Schools 3. Sports Fields 4. Downtown 5. Lions Park

Sign #4

1. Schools 2. Sports Fields 3. Cemetery 4. Downtown 5. Lions Park

Note: May need to upgrade or add single signs directing public to certain locations.

Sign #5 1. McLaughlin P. 2. Sports Fields 3. Arrowhead P. 4. High School 5. Cemetery

Sign #6

1. Arrowhead P. 2. High School 3. Cemetery

Sign #7

1. Arrowhead P. 2. Sports Fields 3. Downtown 4. City Hall 5. Lions Park

Sign #8

1. Library 2. Downtown 3. City Hall 4. Lions Park


AGENDA FOR ECONOMIC DEVELOPMENT TASK FORCE

7:00 P.M., THURSDAY, APRIL 19, 2012

CITY HALL, 121 S. MERIDIAN

1. CALL MEETING TO ORDER 2. MINUTES OF THE APRIL 5, 2012 MEETING 3. NEW BUSINESS

A. Final review of the location and content of “Wayfinding Signage”

B. Discussion on a possible new “City Slogan” contest

C. Results of Business Retention Survey and how this information relates to Economic Development

D. Any other items of discussion by Committee members

4. MOTION TO ADJOURN Note to Economic Development Task Force Members: If you are unable to attend this meeting, please contact City Hall (755-7310) by 5:00 p.m. on the previous day of the meeting. All items listed on this agenda are potential action items unless otherwise noted. The agenda may be modified or changed at the meeting without prior notice. This is an open meeting, open to the public, subject to the Kansas Open Meetings Act (KOMA). The City of Valley Center is committed to providing reasonable accommodations for persons with disabilities upon request of the individual. Individuals with disabilities requiring an accommodation to attend the meeting should contact the Community Development Office in a timely manner, at [email protected] or by phone at (316)755-7310. For Additional information on any item on the agenda, please visit www.valleycenterks.org or call (316) 755-7310.


OLD BUSINESS

A. ORDINANCE 1241-12, RE-ZONING 500 N PARK, 2nd READING:

An Ordinance changing the Zoning District Classification of certain property located in the City of Valley Center, Kansas, under the authority granted by the Zoning Regulations of The City.

Should Council choose to proceed,

RECOMMENDED ACTION:

Staff recommends motion to adopt Ordinance 1241-12, changing the Zoning District Classification of certain property located in the City of Valley Center, Kansas, under the authority granted by the Zoning Regulations of Valley Center, Kansas, for 2nd Reading.


1

ORDINANCE NO. 1241-12

AN ORDINANCE CHANGING THE ZONING DISTRICT CLASSIFICATION OF CERTAIN PROPERTY LOCATED IN THE CITY OF VALLEY CENTER, KANSAS, UNDER THE AUTHORITY GRANTED BY THE ZONING REGULATIONS OF THE CITY.

BE IT ORDAINED, by the Governing Body of Valley Center, Kansas:

Section 1. Having received a recommendation from the Valley Center City Planning

Commission on Case No. Z-2-2012, and proper notice having been given and hearing held as provided by law and under authority and subject to the provisions of the Zoning Regulations of the City as amended, the zoning district classification of the property legally described herein changed as follows:

Change of zoning district classification from R-1B Single Family Residential to R-3 Multi-Family Residential.

Legal description: Lot 12 on Park Avenue, Carpenter’s Addition to Valley Center, Sedgwick County, Kansas

General location: 500 N Park Avenue

Section 2. Upon the taking effect of this Ordinance, the above zoning change shall be entered and shown on the Official Zoning Map(s) as previously adopted by reference and said map(s) is herby reincorporated as a part of the Zoning Regulations as amended.

Section 3. Severability. If any section, subsection, sentence, clause, phrase or word of

this ordinance is for any reason held to be invalid or unconstitutional, such decision shall not affect the validity of the remaining portions of this ordinance. The council hereby declares that it would have passed this ordinance and each section subsection, sentence, clause, phrase, and words thereof, irrespective of the fact that any one or more sections, subsections, sentences, clauses, phrases or words have been declared invalid or unconstitutional, and if for any reason this ordinance should be declared invalid or unconstitutional, then the remaining ordinance provisions will be in full force and effect.


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Section 3. Applicability and Effective Date This ordinance shall be in full force and effect from and after its passage and after publication according to law.

PASSED AND APPROVED by the Governing Body of the City of Valley Center, Kansas, this ____day of April 2012.

First Reading April 3, 2012

Second Reading __________________

{SEAL}

________________________________

Michael McNown, Mayor

ATTEST:

_________________________________

Kristine A. Polian, City Clerk


NEW BUSINESS

A. ORDINANCE 1242-12, AUTHORIZING & PROVIDING FOR THE ISSUANCE OF GENERAL OBLIGATION BONDS:

An Ordinance authorizing and providing for the issuance of General Obligation Refunding and Improvement Bonds, Series 2012-1; General Obligation Bonds, Series 2012-2; and General Obligation Bonds, Series 2012-3, of The City of Valley Center, 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; authorizing certain other documents and actions in connection therewith; and making certain covenants with respect thereto. .


RECOMMENDED ACTION:

Staff recommends motion to waive 1st reading;

And, if approved,

Staff recommends motion to adopt Ordinance1242-12, authorizing and providing for the issuance of General Obligation Refunding and Improvement Bonds, Series 2012-1; General Obligation Bonds, Series 2012-2 and General Obligation Bonds, Series 2012-3, for 2nd reading.


JLN\600910.047\MINUTES AND ORDINANCE (04-11-12)

Gilmore & Bell, P.C. 04/11/2012


OF

THE CITY OF VALLEY CENTER, KANSAS

PASSED

APRIL 17, 2012

____________________

$4,665,000 $2,065,000 $2,560,000 GENERAL OBLIGATION

REFUNDING AND IMPROVEMENT BONDS

GENERAL OBLIGATION BONDS


SERIES 2012-1 SERIES 2012-2 SERIES 2012-3



1

(PUBLISHED IN THE ARK VALLEY NEWS ON APRIL 19, 2012


AN ORDINANCE AUTHORIZING AND PROVIDING FOR THE ISSUANCE OF GENERAL OBLIGATION REFUNDING AND IMPROVEMENT BONDS, SERIES 2012-1; GENERAL OBLIGATION BONDS, SERIES 2012-2; AND GENERAL OBLIGATION BONDS, SERIES, 2012-3, OF THE CITY OF VALLEY CENTER, 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; AUTHORIZING CERTAIN OTHER DOCUMENTS AND ACTIONS IN CONNECTION THEREWITH; AND MAKING CERTAIN COVENANTS WITH RESPECT THERETO.

WHEREAS, the City of Valley Center, Kansas (the “City”) is a city of the second class, duly created, organized and existing under the Constitution and laws of the State; and WHEREAS, pursuant to Article 12, § 5 of the Constitution of the State of Kansas (the “Home Rule Amendment”) and the statutes and resolution referenced below (the “Authorizations”) the governing body of the City has authorized the following internal improvements described as follows (the “Water System Improvements”):

Project Description Res. No. Authority Amount 1 Public Water System Improvements 590-12 K.S.A. 12-101 et seq./

K.S.A. 65-163d et seq. $4,065,470.44

1 Plus associated costs of issuance and interim financing ; and WHEREAS, the City has arranged for financing of the Improvements by the execution of loan agreement described as follows (collectively, the “Loans”):

Obligation Loan No. Dated Date

Maturity Date

Original Amount

Outstanding Amount

Redemption Date 2

KDHE – KPWSLF 2174 04/06/98 08/01/19 $3,200,000.00 $1,243,992.69 05/01/2012 KDHE – KPWSLF 2406 06/16/06 02/01/28 1,173,069.44 964,508.19 05/01/2012

2 Or as soon thereafter as possible

; and WHEREAS, in order to restructure debt payments and to provide an orderly plan of finance for the City, it has become desirable and in the best interest of the City and its inhabitants for the City to issue its general obligation bonds in order to permanently finance the costs of such Water System Improvements and to retire the Loans, and



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WHEREAS, the Home Rule Amendment: (a) empowers cities to determine their local affairs and government; and (b) provides that such power and authority granted thereby to cities: (1) shall be liberally construed for the purpose of giving to cities the largest measure of self-government and (2) shall be exercised by ordinance, subject only to: (i) enactments of the Kansas legislature of statewide concern applicable uniformly to all cities, (ii) other enactments of the legislature applicable uniformly to all cities, (iii) enactments of the legislature applicable uniformly to all cities of the same class limiting or prohibiting the levying of any tax, excise, fee, charge or other action and (iv) enactments of the legislature prescribing limits of indebtedness; and

WHEREAS, the Kansas Supreme Court has considered the Home Rule Amendment and determined that: (a) home rule legislation should be permitted to stand unless an actual conflict exists between the home rule legislation and a state legislative enactment, or unless the legislature has clearly preempted the field so as to preclude municipal action; and (b) legislative intent to reserve to the state exclusive jurisdiction to regulate an area must be clearly manifested by statute before it can be held that the state has withdrawn from the cities the power to regulate in the field (McCarthy v. City of Leawood, 257 Kan. 566 (1995); Junction City v. Lee, 216 Kan. 495 (1975)); and

WHEREAS, the Authorizations authorize the City to issue general obligation bonds to finance

the Water System Improvements, but neither authorize nor prohibits the issuance of general obligation bonds to prepay and retire the Loan incurred under such enactments; and

WHEREAS, the governing body of the City now further finds and determines that: (a) there are

no enactments of the Kansas legislature of statewide concern applicable uniformly to all cities or applicable to the City relating to the issuance of general obligation bonds to prepay and retire loans incurred under the Authorizations; (b) no conflict would exist between a City ordinance authorizing the issuance of general obligation bonds to prepay and retire the Loans; and (c) the legislature has not clearly preempted, or clearly manifested its intent to preempt, the field of municipal finance so as to preclude a City ordinance authorizing the issuance of general obligation bonds to prepay and retire the Loans; and

WHEREAS, the City is a city within the meaning of the Home Rule Amendment; and

WHEREAS, the City proposes to issue its general obligation bonds to retire the Loans; and WHEREAS, the City heretofore issued and has outstanding the Refunded Bonds and is authorized by K.S.A. 10-427 et seq. to issue general obligation refunding bonds of the City for the purpose of refunding the Refunded Bonds; and WHEREAS, the City proposes to issue its General Obligation Refunding and Improvement Bonds, Series 2012-1 to pay the costs of the Water System Improvements, retire the Loans and refund the Refunded Bonds; and WHEREAS, the Issuer by proceedings duly had, pursuant to the provisions of the laws of the State of Kansas applicable thereto, specifically including K.S.A. 12-101 et seq. and K.S.A. 14-570 and K.S.A. 14-571, as amended by Charter Ordinance No. 27-2009 of the Issuer, has also heretofore pursuant to Resolution No. 591-12 authorized certain internal improvements described as follows (the “Projects”):

Project Description Amount 3 Streets Meridian – North (5th – Goff) $ 566,750.00 Meridian – Patch & Seal (Main-5th) 86,250.00 5th St. Bridge 4 1,200,000.00



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Buildings Public Safety Building Remodel 110,000.00 Public Safety Technology 50,200.00 Sanitary Sewer Sewer Rehabilitation 75,000.00 Water System Meridian Line Replacement 213,800.00 Total: $2,302,000.00 3 Plus associated financing costs 4 A portion of this project is anticipated to be paid from the proceeds of a Federal grant in the amount of $744,000

WHEREAS, pursuant to the provisions of the laws of the State of Kansas applicable thereto, by proceedings duly had, the governing body of the City has also heretofore authorized, pursuant to K.S.A. 12-6a01 et seq., certain internal improvements (the “Special Assessment Improvements”) to be made in the City, to-wit:

Description Res No. Amount Valley Creek Estates 2nd Addition – Paving and Drainage 567-09 $236,456.96 Valley Creek Estates 2nd Addition – Water Main 568-09 61,575.40 Industrial Park 2nd Addition – Sanitary Sewer 569-10 36,039.00 Prairie Lakes Addition, Phase 3 – Water Main 539-2008 10,399.63 Prairie Lakes Addition, Phase 3 – Sanitary Sewer 540-2008 11,608.89 Prairie Lakes Addition, Phase 3 – Paving and Drainage 541-2008 34,463.89 Prairie Lakes Addition, Phase 3 – Storm Water Drainage 542-2008 42,928.71 P.C.A. Addition – Water Main Improvements 552-2009 41,317.17 Prairie Lakes Addition, Phase 4 – Storm Water Drain 551-2008 85,791.23 Total: $560,580.88

; and WHEREAS, the Issuer has heretofore issued the following temporary notes to temporarily finance a portion of the costs of the Special Assessment Improvements (collectively the “Special Assessment Notes”):

Series Dated Date

Maturity Date

Original Amount

Outstanding Amount

Redemption Amount

Redemption Date

2010-1 06/15/2010 08/01/2012 $445,000 $445,000 $445,000 05/01/2012 2011-1 06/23/2011 08/01/2012 175,000 175,000 175,000 05/01/2012 ; and WHEREAS, the Issuer proposes to issue its General Obligation Bonds, Series 2012-2 to pay the costs of the Projects and Special Assessment Improvements and to retire the Special Assessment Notes; and



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WHEREAS, pursuant to the provisions of the laws of the State of Kansas applicable thereto, by proceedings duly had, the governing body of the City has also heretofore authorized, pursuant to K.S.A. 12-6a01 et seq., certain internal improvements (the “Ridgefield Improvements”) to be made in the City, to-wit:

Description Res No. Amount Ridgefield Addition PUD - W ater Line Improvements 535-2008 $ 367,671.49 Ridgefield Addition PUD - Sanitary Sewer Improvements 534-2008 537,914.60 Ridgefield Addition PUD - Street Improvements 537-2008 1,643,039.98 Ridgefield Addition PUD - Storm Water Drain Improvements 536-2008/

544-2008 378,489.68

Total: $2,927,115.75 ; and WHEREAS, the City has heretofore issued the following temporary notes to temporarily finance a portion of the costs of the Ridgefield Improvements (the “2008-1 Notes”):

Series Dated Date

Maturity Date

Original Amount

Outstanding Amount

Redemption Amount

Redemption Date

2008-1 08/21/2008 08/01/2012 $2,080,000 $1,740,000 $1,740,000 05/01/2012 ; and WHEREAS, the Issuer proposes to issue its General Obligation Bonds, Series 2012-3 to pay the costs of the Ridgefield Improvements and to retire the 2008-1 Notes. NOW, THEREFORE, BE IT ORDAINED BY THE GOVERNING BODY OF THE CITY OF VALLEY CENTER, KANSAS, AS FOLLOWS: Section 1. Definitions of Words and Terms. In addition to words and terms defined elsewhere herein, the following words and terms in this Ordinance shall have the meanings hereinafter set forth. Unless the context shall otherwise indicate, words importing the singular number shall include the plural and vice versa, and words importing persons shall include firms, associations and corporations, including public bodies, as well as natural persons. “Act” means the Constitution, particularly Article 12, § 5 thereof, and statutes of the State including K.S.A. 10-101 to 10-125, inclusive, K.S.A. 10-620 et seq., and: (a) with respect to the Series 2012-1 Bonds: K.S.A. 10-427 et seq., K.S.A. 12-101 et seq. and K.S.A. 65-163d et seq.; (b) with respect to the Series 2012-2 Bonds: K.S.A. 12-101 et seq., K.S.A. 12-6a01 et seq. and K.S.A. 14-570 and K.S.A. 14-571, as amended by Charter Ordinance No. 27-2009 of the City; and (c) with respect to the Series 2012-3 Bonds: K.S.A. 12-6a01 et seq. “Bond and Interest Fund” means the Bond and Interest Fund of the City for its general obligation bonds. “Bond Resolution” means the resolution to be adopted by the governing body of the City prescribing the terms and details of the Bonds and making covenants with respect thereto.



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“Bonds” means, collectively, the Series 2012-1 Bonds, the Series 2012-2 Bonds and the Series 2012-3 Bonds. “City” means the City of Valley Center, Kansas. “Clerk” means the duly appointed and acting Clerk of the City or, in the Clerk's absence, the duly appointed Deputy Clerk or Acting Clerk. “Improvements” means, collectively, the Projects, the Ridgefield Improvements, the Special Assessment Improvements and the Water System Improvements, and any Substitute Improvements. “KDHE” means the Kansas Department of Health and Environment. “Loans” means, collectively: (a) the KDHE Loan KPWSLF 2174 between the City and KDHE, dated April 16, 1998, maturing August 1, 2019, in the aggregate outstanding principal amount of $1,243,992.69; and (b) the KDHE Loan KPWSLF 2406 between the City and KDHE dated June 16, 2006, maturing February 1, 2028, in the aggregate outstanding principal amount of $964,508.19. “Mayor” means the duly elected and acting Mayor of the City or, in the Mayor's absence, the duly appointed and/or elected Vice Mayor or Acting Mayor of the City. “Ordinance” means this Ordinance authorizing the issuance of the Bonds. “Projects” means the internal improvements referred to as the Projects in the preamble to this Ordinance. “Refunded Bonds” means collectively: (a) the Series 2006-1 Bonds maturing in the years 2015 to 2026, inclusive, in the aggregate principal amount of $1,255,000; and (b) the Series 2006-2 Bonds maturing in the years 2015 to 2027, inclusive, in the aggregate principal amount of $1,145,000. “Ridgefield Improvements” means the internal improvements referred to as the Ridgefield Improvements in the preamble to this Ordinance. “Series 2006-1 Bonds” means the City's General Obligation Bonds, Series 2006-1, dated June 1, 2006. “Series 2006-2 Bonds” means the City's General Obligation Bonds, Series 2006-2, dated December 1, 2006. “Series 2012-1 Bonds” means the City's General Obligation Refunding and Improvement Bonds, Series 2012-1, dated May 1, 2012, authorized by this Ordinance. “Series 2012-2 Bonds” means the City's General Obligation Bonds, Series 2012-2, dated May 1, 2012, authorized by this Ordinance. “Series 2012-3 Bonds” means the City's General Obligation Bonds, Series 2012-3, dated May 1, 2012, authorized by this Ordinance. “Series 2008-1 Notes” means the City's General Obligation Temporary Notes, Series 2008-1, dated August 21, 2008.



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“Series 2010-1 Notes” means the City's General Obligation Temporary Notes, Series 2010-1, dated June 15,2010. “Series 2011-1 Notes” means the City's General Obligation Temporary Notes, Series 2011-1, dated June 23, 2011. “Special Assessment Improvements” means the internal improvements referred to as the Special Assessment Improvements in the preamble to this Ordinance. “Special Assessment Notes” means, collectively, the Series 2010-1 Notes and the Series 2011-1 Notes. “State” means the State of Kansas. “Substitute Improvements” means the substitute or additional improvements of the City authorized in the manner set forth in the Bond Resolution. “Water System Improvements” means the Water System Improvements referred to in the preamble to this Ordinance. Section 2. Authorization of the Bonds. There shall be issued and hereby are authorized and directed to be issued the following bonds of the City: (a) General Obligation Refunding and Improvement Bonds, Series 2012-1, in the principal amount of $4,665,000, for the purpose of providing funds to: (1) pay the costs of the Water System Improvements; (2) retire the Loans; (3) refund the Refunded Bonds; and (4) pay costs of issuance of the Series 2012-1 Bonds; (b) General Obligation Bonds, Series 2012-2, in the principal amount of $2,065,000, for the purpose of providing funds to: (1) pay the costs of the Projects and Special Assessment Improvements; (2) retire the Special Assessment Notes; and (3) pay costs of issuance of the Series 2012-2 Bonds; and (c) General Obligation Bonds, Series 2012-3, in the principal amount of $2,560,000, for the purpose of providing funds to: (1) pay the costs of the Ridgefield Improvements; (2) retire the Series 2008-1 Notes; and (3) pay costs of issuance of the Series 2012-3 Bonds Section 3. Security for the Bonds. The Bonds shall be general obligations of the City payable as to both principal and interest in part from special assessments levied upon the property benefited by the construction of the Improvements and, if not so paid, from ad valorem taxes which may be levied without limitation as to rate or amount upon all the taxable tangible property, real and personal, within the territorial limits of the City. The balance of the principal and interest on the Bonds is payable from ad valorem taxes which may be levied without limitation as to rate or amount upon all the taxable tangible property, real and personal, within the territorial limits of the City. The full faith, credit and resources of the City are hereby irrevocably pledged for the prompt payment of the principal of and interest on the Bonds as the same become due. Section 4. Terms, Details and Conditions of the Bonds. The Bonds shall be dated and bear interest, shall mature and be payable at such times, shall be in such forms, shall be subject to redemption and payment prior to the maturity thereof, and shall be issued and delivered in the manner prescribed and subject to the provisions, covenants and agreements set forth in the Bond Resolution hereafter adopted by the governing body of the City. Section 5. Levy and Collection of Annual Tax. The governing body of the City shall annually make provision for the payment of principal of, premium, if any, and interest on the Bonds as the same



7

become due by levying and collecting the necessary taxes and/or assessments upon all of the taxable tangible property within the City in the manner provided by law. The taxes and/or assessments above referred to shall be extended upon the tax rolls in each of the several years, respectively, and shall be levied and collected at the same time and in the same manner as the general ad valorem taxes of the City are levied and collected, shall be used solely for the payment of the principal of and interest on the Bonds as and when the same become due and the fees and expenses of the Paying Agent. The proceeds derived from said taxes and/or assessments shall be deposited in the Bond and Interest Fund. If at any time said taxes and/or assessments are not collected in time to pay the principal of or interest on the Bonds when due, the Treasurer is hereby authorized and directed to pay said principal or interest out of the general funds of the City and to reimburse said general funds for money so expended when said taxes and/or assessments are collected. Section 6. Further Authority. The Mayor, Clerk and other City officials are hereby further authorized and directed to execute any and all documents and take such actions as they may deem necessary or advisable in order to carry out and perform the purposes of the Ordinance, and to make alterations, changes or additions in the foregoing agreements, statements, instruments and other documents herein approved, authorized and confirmed which they may approve, and the execution or taking of such action shall be conclusive evidence of such necessity or advisability. Section 7. Governing Law. This Ordinance and the Bonds shall be governed exclusively by and construed in accordance with the applicable laws of the State. Section 8. Effective Date. This Ordinance shall take effect and be in full force from and after its passage by the governing body of the City, approval by the Mayor and publication in the official City newspaper.

[BALANCE OF THIS PAGE INTENTIONALLY LEFT BLANK]


JLN\600910.047\MINUTES AND ORDINANCE

(Signature Page to Bond Ordinance)

PASSED by the governing body of the City on April 17, 2012 and APPROVED AND SIGNED by the Mayor. (SEAL) Mayor ATTEST: Clerk



JLN\600910.047\MINUTES AND ORDINANCE

(Signature Page to Bond Ordinance Certificate)

CERTIFICATE I hereby certify that the foregoing is a true and correct copy of the original ordinance; that said Ordinance was passed on April 17, 2012; that the record of the final vote on its passage is found on page ____ of journal ____; and that it was published in The Ark Valley News on April 19, 2012. DATED: April 19, 2012. Clerk



NEW BUSINESS

B. RESOLUTION 595-12, AUTHORIZING AND DIRECTING THE SALE AND DELIVERY OF GENERAL OBLIGATION BONDS:

A Resolution prescribing the form and details of and authorizing and directing the sale and delivery of General Obligation Refunding and Improvement Bonds, Series 2012-1; General Obligation Bonds, Series 2012-2; and General Obligation Bonds, Series, 2012-3, of The City of Valley Center, Kansas, previously authorized by Ordinance 1242-12 of the issuer; making certain covenants and agreements to provide for the payment and security thereof; and authorizing certain other documents and actions connected therewith.


RECOMMENDED ACTION:

Staff recommends motion to adopt Resolution 595-12, authorizing and directing the sale and delivery of General Obligation Refunding and Improvement Bonds Series 2012-1; General Obligation Bonds, Series 2012-2 and General Obligation Bonds, Series 2012-3.


JLN\600910.047\BOND RESOLUTION (04-11-12)


RESOLUTION NO. 595-12

OF

THE CITY OF VALLEY CENTER, KANSAS

ADOPTED

APRIL 17, 2012

$4,665,000 $2,065,000 $2,560,000 GENERAL OBLIGATION

REFUNDING AND IMPROVEMENT BONDS



SERIES 2012-1 SERIES 2012-2 SERIES 2012-3



i

TABLE OF CONTENTS

ARTICLE I

DEFINITIONS

Section 101. Definitions of Words and Terms. .................................................................................. 1

ARTICLE II

AUTHORIZATION AND DETAILS OF THE BONDS

Section 201. Authorization of the Bonds. ........................................................................................ 12 Section 202. Description of the Bonds. ............................................................................................ 12 Section 203. Designation of Paying Agent and Bond Registrar. ..................................................... 13 Section 204. Method and Place of Payment of the Bonds. .............................................................. 14 Section 205. Payments Due on Saturdays, Sundays and Holidays. ................................................. 15 Section 206. Registration, Transfer and Exchange of Bonds. .......................................................... 15 Section 207. Execution, Registration, Authentication and Delivery of Bonds. ............................... 16 Section 208. Mutilated, Lost, Stolen or Destroyed Bonds. .............................................................. 16 Section 209. Cancellation and Destruction of Bonds Upon Payment. ............................................. 17 Section 210. Book-Entry Bonds; Securities Depository. ................................................................. 17 Section 211. Nonpresentment of Bonds. .......................................................................................... 18 Section 212. Preliminary and Final Official Statement. .................................................................. 18 Section 213. Sale of the Bonds - Bond Purchase Agreement. ......................................................... 18 Section 214. Authorization of Escrow Agreement. ......................................................................... 18

ARTICLE III

REDEMPTION OF BONDS

Section 301. Redemption by Issuer. ................................................................................................. 19 Section 302. Selection of Bonds to be Redeemed............................................................................ 23 Section 303. Notice and Effect of Call for Redemption. ................................................................. 23

ARTICLE IV

SECURITY FOR BONDS

Section 401. Security for the Bonds. ................................................................................................ 25 Section 402. Levy and Collection of Annual Tax; Transfer to Debt Service Account. ................... 25

ARTICLE V

ESTABLISHMENT OF FUNDS AND ACCOUNTS DEPOSIT AND APPLICATION OF BOND PROCEEDS

Section 501. Creation of Funds and Accounts. ................................................................................ 26 Section 502. Deposit of Bond Proceeds and Other Moneys. ........................................................... 27 Section 503. Application of Moneys in the Project Fund ................................................................ 27 Section 504. Substitution of Improvements; Reallocation of Proceeds. .......................................... 28 Section 505. Application of Moneys in the Improvement Fund ...................................................... 28 Section 506. Application of Moneys in the Refunded Loans Redemption Fund. ............................ 28



ii

Section 507. Application of Moneys in the Refunded Notes Redemption Fund. ............................ 28 Section 508. Application of Moneys in Debt Service Account. ...................................................... 29 Section 509. Application of Moneys in the Rebate Fund. ............................................................... 29 Section 510. Deposits and Investment of Moneys. .......................................................................... 29 Section 511. Application of Moneys in the Costs of Issuance Account. ......................................... 30 Section 512. Application of Moneys in the Escrow Fund. .............................................................. 30 Section 513. Verification of Certified Public Accountant. .............................................................. 30 Section 514. Application of Moneys in the Compliance Account. .................................................. 30

ARTICLE VI

DEFAULT AND REMEDIES

Section 601. Remedies. .................................................................................................................... 30 Section 602. Limitation on Rights of Owners. ................................................................................. 31 Section 603. Remedies Cumulative. ................................................................................................ 31

ARTICLE VII

DEFEASANCE

Section 701. Defeasance. ................................................................................................................. 31

ARTICLE VIII

TAX COVENANTS

Section 801. General Covenants. ..................................................................................................... 32 Section 802. Survival of Covenants. ................................................................................................ 32

ARTICLE IX

CONTINUING DISCLOSURE REQUIREMENTS

Section 901. Disclosure Requirements. ........................................................................................... 32 Section 902. Failure to Comply with Continuing Disclosure Requirements. .................................. 32

ARTICLE X

MISCELLANEOUS PROVISIONS

Section 1001. Annual Audit. .............................................................................................................. 33 Section 1002. Amendments. .............................................................................................................. 33 Section 1003. Notices, Consents and Other Instruments by Owners. ................................................ 34 Section 1004. Notices. ....................................................................................................................... 34 Section 1005. Electronic Transactions. .............................................................................................. 35 Section 1006. Further Authority. ....................................................................................................... 35 Section 1007. Severability. ................................................................................................................ 35 Section 1008. Governing Law. .......................................................................................................... 35 Section 1009. Effective Date. ............................................................................................................ 35

EXHIBIT A-1– FORM OF SERIES 2012-1 BONDS ............................................................................ A-1-1 EXHIBIT A-2– FORM OF SERIES 2012-2 BONDS ............................................................................ A-2-1 EXHIBIT A-3– FORM OF SERIES 2012-3 BONDS ............................................................................ A-3-1



1


A RESOLUTION PRESCRIBING THE FORM AND DETAILS OF AND AUTHORIZING AND DIRECTING THE SALE AND DELIVERY OF GENERAL OBLIGATION REFUNDING AND IMPROVEMENT BONDS, SERIES 2012-1; GENERAL OBLIGATION BONDS, SERIES 2012-2; AND GENERAL OBLIGATION BONDS, SERIES, 2012-3, OF THE CITY OF VALLEY CENTER, KANSAS, PREVIOUSLY AUTHORIZED BY ORDINANCE NO. 1242-12 OF THE ISSUER; MAKING CERTAIN COVENANTS AND AGREEMENTS TO PROVIDE FOR THE PAYMENT AND SECURITY THEREOF; AND AUTHORIZING CERTAIN OTHER DOCUMENTS AND ACTIONS CONNECTED THEREWITH.

WHEREAS, the Issuer has heretofore passed the Ordinance authorizing the issuance of the Bonds; and WHEREAS, the Ordinance authorized the governing body of the Issuer to adopt a resolution prescribing certain details and conditions and to make certain covenants with respect to the issuance of the Bonds; and WHEREAS, in order to provide for the payment of the Refunded Bonds it is desirable to enter into the Escrow Agreement, by and between the Issuer and the Escrow Agent. NOW, THEREFORE, BE IT RESOLVED BY THE GOVERNING BODY OF THE CITY OF VALLEY CENTER, KANSAS, AS FOLLOWS:

ARTICLE I

DEFINITIONS

Section 101. Definitions of Words and Terms. In addition to words and terms defined elsewhere herein, the following words and terms as used in this Bond Resolution shall have the meanings hereinafter set forth. Unless the context shall otherwise indicate, words importing the singular number shall include the plural and vice versa, and words importing persons shall include firms, associations and corporations, including public bodies, as well as natural persons. “Act” means the Constitution and statutes of the State including K.S.A. 10-101 to 10-125, inclusive, K.S.A. 10-620 et seq., and: (a) with respect to the Series 2012-1 Bonds: K.S.A. 10-427 et seq., K.S.A. 12-101 et seq. and K.S.A. 65-163d et seq; (b) with respect to the Series 2012-2 Bonds: K.S.A. 12-101 et seq., K.S.A. 12-6a01 et seq. and K.S.A. 14-570 and K.S.A. 14-571, as amended by Charter Ordinance No. 27-2009 of the Issuer; and (c) with respect to the Series 2012-3 Bonds: K.S.A. 12-6a01 et seq. “Authorized Denomination” means $5,000 or any integral multiples thereof. “Beneficial Owner” of the Bonds includes any Owner of the Bonds and any other Person who, directly or indirectly has the investment power with respect to such Bonds. “Bond and Interest Fund” means the Bond and Interest Fund of the Issuer for its general obligation bonds.



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“Bond Counsel” means the firm of Gilmore & Bell, P.C., or any other attorney or firm of attorneys whose expertise in matters relating to the issuance of obligations by states and their political subdivisions is nationally recognized and acceptable to the Issuer. “Bond Payment Date” means any date on which principal of or interest on any Bond is payable. “Bond Purchase Agreement” means the Bond Purchase Agreement dated as of April 10, 2012, between the Issuer and the Purchaser. “Bond Register” means the books for the registration, transfer and exchange of Bonds kept at the office of the Bond Registrar. “Bond Registrar” means the State Treasurer, and any successors and assigns. “Bond Resolution” means this resolution relating to the Bonds. “Bonds” means, collectively, the Series 2012-1 Bonds, the Series 2012-2 Bonds and the Series 2012-3 Bonds. “Business Day” means a day other than a Saturday, Sunday or any day designated as a holiday by the Congress of the United States or by the Legislature of the State and on which the Paying Agent is scheduled in the normal course of its operations to be open to the public for conduct of its operations. “Cede & Co.” means Cede & Co., as nominee of DTC and any successor nominee of DTC. “City” means the City of Valley Center, Kansas. “Clerk” means the duly appointed and/or elected Clerk or, in the Clerk's absence, the duly appointed Deputy Clerk or Acting Clerk of the Issuer. “Code” means the Internal Revenue Code of 1986, as amended, and the applicable regulations promulgated thereunder by the United States Department of the Treasury. “Compliance Account” means the Compliance Account for General Obligation Bonds, Series 2012-1, Series 2012-2 and Series 2012-3, created pursuant to Section 501 hereof. “Consulting Engineer” means an independent engineer or engineering firm, or architect or architectural firm, having a favorable reputation for skill and experience in the construction, financing and operation of public facilities, at the time employed by the Issuer for the purpose of carrying out the duties imposed on the Consulting Engineer by this Bond Resolution. “Costs of Issuance” means all costs of issuing the Bonds, including but not limited to all publication, printing, signing and mailing expenses in connection therewith, registration fees, financial advisory fees, all legal fees and expenses of Bond Counsel and other legal counsel, expenses incurred in connection with compliance with the Code, all expenses incurred in connection with receiving ratings on the Bonds, and any premiums or expenses incurred in obtaining municipal bond insurance on the Bonds. “Costs of Issuance Account” means, collectively, the Costs of Issuance Account-2012-1, Costs of Issuance Account-2012-2 and Costs of Issuance Account-2012-3.



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“Costs of Issuance Account-2012-1” means the Costs of Issuance Account for General Obligation Refunding and Improvement Bonds, Series 2012-1, created pursuant to Section 501 hereof. “Costs of Issuance Account-2012-2” means the Costs of Issuance Account for General Obligation Bonds, Series 2012-2, created pursuant to Section 501 hereof. “Costs of Issuance Account-2012-3” means the Costs of Issuance Account for General Obligation Bonds, Series 2012-3, created pursuant to Section 501 hereof. “Dated Date” means May 1, 2012. “Debt Service Account” means, collectively, the Debt Service Account-2012-1, Debt Service Account-2012-2 and Debt Service Account-2012-3. “Debt Service Account-2012-1” means the Debt Service Account for General Obligation Refunding and Improvement Bonds, Series 2012-1, created pursuant to Section 501 hereof. “Debt Service Account-2012-2” means the Debt Service Account for General Obligation Bonds, Series 2012-2, created pursuant to Section 501 hereof. “Debt Service Account-2012-3” means the Debt Service Account for General Obligation Bonds, Series 2012-3, created pursuant to Section 501 hereof. “Debt Service Requirements” means the aggregate principal payments (whether at maturity or pursuant to scheduled mandatory sinking fund redemption requirements) and interest payments on the Bonds for the period of time for which calculated; provided, however, that for purposes of calculating such amount, principal and interest shall be excluded from the determination of Debt Service Requirements to the extent that such principal or interest is payable from amounts deposited in trust, escrowed or otherwise set aside for the payment thereof with the Paying Agent or other commercial bank or trust company located in the State and having full trust powers. “Defaulted Interest” means interest on any Bond which is payable but not paid on any Interest Payment Date. “Defeasance Obligations” means any of the following obligations: (a) United States Government Obligations that are not subject to redemption in advance of their maturity dates; or (b) obligations of any state or political subdivision of any state, the interest on which is excluded from gross income for federal income tax purposes and which meet the following conditions:

(1) the obligations are (i) not subject to redemption prior to maturity or (ii) the trustee for such obligations has been given irrevocable instructions concerning their calling and redemption and the issuer of such obligations has covenanted not to redeem such obligations other than as set forth in such instructions;

(2) the obligations are secured by cash or United States Government Obligations that may be applied only to principal of, premium, if any, and interest payments on such obligations;



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(3) such cash and the principal of and interest on such United States Government Obligations (plus any cash in the escrow fund) are sufficient to meet the liabilities of the obligations;

(4) such cash and United States Government Obligations serving as security for the obligations are held in an escrow fund by an escrow agent or a trustee irrevocably in trust;

(5) such cash and United States Government Obligations are not available to satisfy any other claims, including those against the trustee or escrow agent; and

(6) the obligations are rated in the highest rating category by Moody's (presently “Aaa”) or Standard & Poor's (presently “AAA”).

“Derivative” means any investment instrument whose market price is derived from the fluctuating value of an underlying asset, index, currency, futures contract, including futures, options and collateralized mortgage obligations. “Disclosure Instructions” means the Continuing Disclosure Instructions dated as of the Issue Date, attached to the Issuer's Closing Certificate, relating to certain obligations contained in the SEC Rule. “DTC” means The Depository Trust Company, a limited-purpose trust company organized under the laws of the State of New York, and its successors and assigns, including any successor securities depository duly appointed. “DTC Representation Letter” means the Blanket Letter of Representation from the Issuer and the Paying Agent to DTC which provides for a book-entry system, or any agreement between the Issuer and Paying Agent and a successor securities depository duly appointed. “Escrow Agent” means Security Bank of Kansas City, Kansas City, Kansas, and its successors and assigns. “Escrow Agreement” means the Escrow Trust Agreement, dated as of May 1, 2012, between the Issuer and the Escrow Agent. “Escrow Fund” means the Escrow Fund for Refunded Bonds referred to in Section 501 hereof. “Escrowed Securities” means the direct, noncallable obligations of the United States of America, as described in the Escrow Agreement. “Event of Default” means each of the following occurrences or events: (a) Payment of the principal and of the redemption premium, if any, of any of the Bonds shall not be made when the same shall become due and payable, either at Stated Maturity or by proceedings for redemption or otherwise; (b) Payment of any installment of interest on any of the Bonds shall not be made when the same shall become due; or (c) The Issuer shall default in the due and punctual performance of any other of the covenants, conditions, agreements and provisions contained in the Bonds or in this Bond Resolution (other than the covenants relating to continuing disclosure requirements contained herein and in the



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Disclosure Instructions) on the part of the Issuer to be performed, and such default shall continue for thirty (30) days after written notice specifying such default and requiring same to be remedied shall have been given to the Issuer by the Owner of any of the Bonds then Outstanding. “Federal Tax Certificate” means the Issuer's Federal Tax Certificate dated as of the Issue Date, as the same may be amended or supplemented in accordance with the provisions thereof. “Financeable Costs” means the amount of expenditure for an Improvement which has been duly authorized by action of the governing body of the Issuer to be financed by general obligation bonds, less: (a) the amount of any temporary notes or general obligation bonds of the Issuer which are currently Outstanding and available to pay such Financeable Costs; and (b) any amount of Financeable Costs which has been previously paid by the Issuer or by any eligible source of funds unless such amounts are entitled to be reimbursed to the Issuer under State or federal law. “Fiscal Year” means the twelve month period ending on December 31. “Funds and Accounts” means funds and accounts created pursuant to or referred to in Section 501 hereof. “Improvement Fund” means the Improvement Fund for General Obligation Bonds, Series 2012-3 created in Section 501 hereof. “Improvements” means, collectively, the Projects, the Ridgefield Improvements, the Special Assessment Improvements and the Water System Improvements, and any Substitute Improvements. “Independent Accountant” means an independent certified public accountant or firm of independent certified public accountants at the time employed by the Issuer for the purpose of carrying out the duties imposed on the Independent Accountant by this Bond Resolution. “Interest Payment Date(s)” means the Stated Maturity of an installment of interest on any Bond which shall be June 1 and December 1 of each year, commencing December 1, 2012 with respect to the Series 2012-1 Bonds and June 1, 2013 with respect to the Series 2012-2 and Series 2012-3 Bonds. “Issue Date” means the date when the Issuer delivers the Bonds to the Purchaser in exchange for the Purchase Price. “Issuer” means the City and any successors or assigns. “KDHE” means the Kansas Department of Health and Environment. “Loans” means, collectively: (a) the KDHE Loan KPWSLF 2174 between the City and KDHE, dated April 16, 1998, maturing August 1, 2019, in the aggregate outstanding principal amount of $1,243,992.69; and (b) the KDHE Loan KPWSLF 2406 between the City and KDHE dated June 16, 2006, maturing February 1, 2028, in the aggregate outstanding principal amount of $964,508.19. “Maturity” when used with respect to any Bond means the date on which the principal of such Bond becomes due and payable as therein and herein provided, whether at the Stated Maturity thereof or call for redemption or otherwise. “Mayor” means the duly elected and acting Mayor, or in the Mayor's absence, the duly appointed and/or elected Vice Mayor or Acting Mayor of the Issuer.



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“Moody's” means Moody's Investors Service, a corporation organized and existing under the laws of the State of Delaware, and its successors and assigns, and, if such corporation shall be dissolved or liquidated or shall no longer perform the functions of a securities rating agency, “Moody's” shall be deemed to refer to any other nationally recognized securities rating agency designated by the Issuer. “Notice Address” means with respect to the following entities: (a) To the Issuer at: City Hall 121 S. Meridian Valley Center, Kansas 67147 Fax: (316) 755-7319 (b) To the Paying Agent at: State Treasurer of the State of Kansas Landon Office Building 900 Southwest Jackson, Suite 201 Topeka, Kansas 66612-1235 Fax: (785) 296-6976 (c) To the Purchaser: Piper Jaffray & Co. 11150 Overbrook, Suite 310 Leawood, Kansas 66211 Fax: (913) 345-3393 (d) To the Rating Agency(ies): Moody's Municipal Rating Desk 7 World Trade Center 250 Greenwich Street 23rd Floor New York, New York 10007 Standard & Poor's, a division of The McGraw-Hill Companies 55 Water Street, 38th Floor New York, New York 10004 (e) To the Escrow Agent at: Security Bank of Kansas City Corporate Trust Department 701 Minnesota Avenue Suite 206, P.O. Box 171297 Kansas City, Kansas 66117 Fax: (913) 279-7960 or such other address as is furnished in writing to the other parties referenced herein.



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“Notice Representative” means: (a) With respect to the Issuer, the Clerk. (b) With respect to the Bond Registrar and Paying Agent, the Director of Bond Services. (c) With respect to any Purchaser, the manager of its Municipal Bond Department. (d) With respect to any Rating Agency, any Vice President thereof. (e) With respect to the Escrow Agent, the Manager of the Corporate Trust Department. “Official Statement” means Issuer’s Official Statement relating to the Bonds. “Ordinance” means Ordinance No. 1242-12 of the Issuer authorizing the issuance of the Bonds, as amended from time to time. “Outstanding” means, when used with reference to the Bonds, as of a particular date of determination, all Bonds theretofore authenticated and delivered, except the following Bonds: (a) Bonds theretofore canceled by the Paying Agent or delivered to the Paying Agent for cancellation; (b) Bonds deemed to be paid in accordance with the provisions of Section 701 hereof; and (c) Bonds in exchange for or in lieu of which other Bonds have been authenticated and delivered hereunder. “Owner” when used with respect to any Bond means the Person in whose name such Bond is registered on the Bond Register. Whenever consent of the Owners is required pursuant to the terms of this Bond Resolution, and the Owner of the Bonds, as set forth on the Bond Register, is Cede & Co., the term Owner shall be deemed to be the Beneficial Owner of the Bonds. “Participants” means those financial institutions for whom the Securities Depository effects book-entry transfers and pledges of securities deposited with the Securities Depository, as such listing of Participants exists at the time of such reference. “Paying Agent” means the State Treasurer, and any successors and assigns. “Permitted Investments” shall mean the investments hereinafter described, provided, however, no moneys or funds shall be invested in a Derivative: (a) investments authorized by K.S.A. 12-1675 and amendments thereto; (b) the municipal investment pool established pursuant to K.S.A. 12-1677a, and amendments thereto; (c) direct obligations of the United States Government or any agency thereof; (d) the Issuer's temporary notes issued pursuant to K.S.A. 10-123 and amendments thereto; (e) interest-bearing time deposits in commercial banks or trust companies located in the county or counties in which the Issuer is located which are insured by the Federal Deposit Insurance Corporation or collateralized by securities described in (c); (f) obligations of the federal national mortgage association, federal home loan banks, federal home loan mortgage corporation or government national mortgage association; (g) repurchase agreements for securities described in (c) or (f); (h) investment agreements or other obligations of a financial institution the obligations of which at the time of investment are rated in either of the three highest rating categories by Moody's or Standard & Poor's; (i) investments and shares or units



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of a money market fund or trust, the portfolio of which is comprised entirely of securities described in (c) or (f); (j) receipts evidencing ownership interests in securities or portions thereof described in (c) or (f); (k) municipal bonds or other obligations issued by any municipality of the State as defined in K.S.A. 10-1101 which are general obligations of the municipality issuing the same; or (l) bonds of any municipality of the State as defined in K.S.A. 10-1101 which have been refunded in advance of their maturity and are fully secured as to payment of principal and interest thereon by deposit in trust, under escrow agreement with a bank, of securities described in (c) or (f), all as may be further restricted or modified by amendments to applicable State law. “Person” means any natural person, corporation, partnership, joint venture, association, firm, joint-stock company, trust, unincorporated organization, or government or any agency or political subdivision thereof or other public body. “Project Fund” means the Project Fund for General Obligation Bonds, Series 2012-2 created pursuant to Section 501 hereof. “Projects” means the internal improvements referred to as the Projects in the preamble to the Ordinance. “Purchase Price” means the amount set forth in the Bond Purchase Agreement. “Purchaser” means Piper Jaffray & Co., Leawood, Kansas, the original purchaser of the Bonds, and any successor and assigns. “Rating Agency” means any company, agency or entity that provides, pursuant to request of the Issuer, financial ratings for the Bonds. “Rebate Fund” means, collectively, the Rebate Account-2012-1, Rebate Account-2012-2 and Rebate Account-2012-3. “Rebate Account-2012-1” means the Rebate Account for General Obligation Refunding and Improvement Bonds, Series 2012-1, created pursuant to Section 501 hereof. “Rebate Account-2012-2” means the Rebate Account for General Obligation Bonds, Series 2012-2, created pursuant to Section 501 hereof. “Rebate Account-2012-3” means the Rebate Account for General Obligation Bonds, Series 2012-3, created pursuant to Section 501 hereof. “Record Dates” for the interest payable on any Interest Payment Date means the fifteenth day (whether or not a Business Day) of the calendar month next preceding each Interest Payment Date. “Redemption Date” means, when used with respect to any Bond to be redeemed, the date fixed for the redemption of such Bond pursuant to the terms of this Bond Resolution. “Redemption Price” means, when used with respect to any Bond to be redeemed, the price at which such Bond is to be redeemed pursuant to the terms of this Bond Resolution, including the applicable redemption premium, if any, but excluding installments of interest whose Stated Maturity is on or before the Redemption Date.



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“Refunded Bonds” means collectively: (a) the Series 2006-1 Bonds maturing in the years 2015 to 2026, inclusive, in the aggregate principal amount of $1,255,000; and (b) the Series 2006-2 Bonds maturing in the years 2015 to 2027, inclusive, in the aggregate principal amount of $1,145,000. “Refunded Bonds Paying Agent” means the respective paying agent for each series of the Refunded Bonds as designated in the respective Refunded Bonds Resolution, and any successor or successors at the time acting as paying agent for any of the Refunded Bonds. “Refunded Bonds Redemption Date” means December 1, 2014. “Refunded Bonds Resolution” means the each ordinance and resolution which authorized the Refunded Bonds. “Refunded Loans Paying Agent” means KDHE. “Refunded Loans Redemption Date” means May 1, 2012. “Refunded Loans Redemption Fund” means the Redemption Fund for Refunded Loans created pursuant to Section 501 hereof. “Refunded Notes” means collectively, the Series 2012-2 Refunded Notes and the Series 2012-3 Refunded Notes. “Refunded Notes Paying Agent” means the respective paying agent for each series of the Refunded Notes as designated in the respective Refunded Notes Resolution, and any successor or successors at the time acting as paying agent for any of the Refunded Notes. “Refunded Notes Redemption Date” means May 1, 2012. “Refunded Notes Redemption Fund” means, collectively, the Redemption Account for Series 2012-2 Refunded Notes and the Redemption Account for Series 2012-3 Refunded Notes. “Refunded Notes Resolution” means each resolution which authorized the Refunded Notes. “Replacement Bonds” means Bonds issued to the Beneficial Owners of the Bonds in accordance with Section 210 hereof. “Ridgefield Improvements” means the internal improvements referred to as the Ridgefield Improvements in the preamble to the Ordinance. “SEC Rule” means Rule 15c2-12 adopted by the Securities and Exchange Commission under the Securities Exchange Act of 1934, as may be amended from time to time. “Securities Depository” means, initially, DTC, and its successors and assigns. “Series 2006-1 Bonds” means the Issuer's General Obligation Bonds, Series 2006-1, dated June 1, 2006. “Series 2006-2 Bonds” means the Issuer's General Obligation Bonds, Series 2006-2, dated December 1, 2006.



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“Series 2012-1 Bonds” means the Issuer's General Obligation Refunding and Improvement Bonds, Series 2012-1, dated May 1, 2012, authorized pursuant to the Ordinance and this Bond Resolution. “Series 2012-2 Bonds” means the Issuer's General Obligation Bonds, Series 2012-2, dated May 1, 2012, authorized pursuant to the Ordinance and this Bond Resolution. “Series 2012-3 Bonds” means the Issuer's General Obligation Bonds, Series 2012-3, dated May 1, 2012, authorized pursuant to the Ordinance and this Bond Resolution. “Series 2008-1 Notes” means the Issuer's General Obligation Temporary Notes, Series 2008-1, dated August 21, 2008. “Series 2010-1 Notes” means the Issuer's General Obligation Temporary Notes, Series 2010-1, dated June 15, 2010. “Series 2011-1 Notes” means the Issuer's General Obligation Temporary Notes, Series 2011-1, dated June 23, 2011. “Series 2012-2 Refunded Notes” means, collectively: (a) the Series 2010-1 Notes maturing on August 1, 2012 in the aggregate principal amount of $445,000; and (b) the Series 2011-1 Notes maturing on August 1, 2012 in the aggregate principal amount of $175,000. “Series 2012-2 Refunded Notes Redemption Account” means the Redemption Account for Series 2012-2 Refunded Notes created pursuant to Section 501 hereof. “Series 2012-3 Refunded Notes” means the Series 208-1 Notes maturing on August 1, 2012 in the aggregate principal amount of $1,740,000. “Series 2012-3 Refunded Notes Redemption Account” means the Redemption Account for Series 2012-3 Refunded Notes created pursuant to Section 501 hereof. “Special Assessment Improvements” means the internal improvements referred to as the Special Assessment Improvements in the preamble to the Ordinance. “Special Record Date” means the date fixed by the Paying Agent pursuant to Section 204 hereof for the payment of Defaulted Interest. “Standard & Poor's” means Standard & Poor's Ratings Services, a Division of the McGraw-Hill Companies, Inc., a corporation organized and existing under the laws of the State of New York, and its successors and assigns, and, if such corporation shall be dissolved or liquidated or shall no longer perform the functions of a securities rating agency, Standard & Poor's shall be deemed to refer to any other nationally recognized securities rating agency designated by the Issuer. “State” means the state of Kansas. “State Treasurer” means the duly elected Treasurer or, in the Treasurer's absence, the duly appointed Deputy Treasurer or acting Treasurer of the State. “Stated Maturity” when used with respect to any Bond or any installment of interest thereon means the date specified in such Bond and this Bond Resolution as the fixed date on which the principal of such Bond or such installment of interest is due and payable.



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“Substitute Improvements” means the substitute or additional improvements of the Issuer described in Section 504(a) hereof. “2012-1-2023 Term Bonds” means the Series 2012-1 Bonds scheduled to mature in the year 2023. “2012-1-2025 Term Bonds” means the Series 2012-1 Bonds scheduled to mature in the year 2025. “2012-1-2027 Term Bonds” means the Series 2012-1 Bonds scheduled to mature in the year 2027. “2012-2-2022 Term Bonds” means the Series 2012-2 Bonds scheduled to mature in the year 2022. “2012-2-2024 Term Bonds” means the Series 2012-2 Bonds scheduled to mature in the year 2024. “2012-2-2026 Term Bonds” means the Series 2012-2 Bonds scheduled to mature in the year 2026. “2012-2-2032Term Bonds” means the Series 2012-2 Bonds scheduled to mature in the year 2032. “2012-3-2021 Term Bonds” means the Series 2012-3 Bonds scheduled to mature in the year 2021. “2012-3-2023Term Bonds” means the Series 2012-3 Bonds scheduled to mature in the year 2023. “2012-3-2025 Term Bonds” means the Series 2012-3 Bonds scheduled to mature in the year 2025. “2012-3-2027Term Bonds” means the Series 2012-3 Bonds scheduled to mature in the year 2027. “Term Bonds” means collectively, the 2012-1-23 Term Bonds, the 2012-1-25 Term Bonds, the 2012-1-27 Term Bonds, the 2012-2-22 Term Bonds, the 2012-2-24 Term Bonds, the 2012-2-26 Term Bonds, the 2012-2-32 Term Bonds, the 2012-3-21 Term Bonds, the 2012-3-23 Term Bonds, the 2012-3-25 Term Bonds and the 2012-3-27 Term Bonds. “Treasurer” means the duly appointed and/or elected Treasurer of the Issuer or, in the Treasurer's absence, the duly appointed Deputy Treasurer or acting Treasurer of the Issuer. “United States Government Obligations” means bonds, notes, certificates of indebtedness, treasury bills or other securities constituting direct obligations of, or obligations the principal of and interest on which are fully and unconditionally guaranteed as to full and timely payment by, the United States of America, including evidences of a direct ownership interest in future interest or principal payment on obligations issued by the United States of America (including the interest component of obligations of the Resolution Funding Corporation), or securities which represent an undivided interest in



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such obligations, which obligations are rated in the highest rating category by a nationally recognized rating service and such obligations are held in a custodial account for the benefit of the Issuer. “Verification Report” means the verification report referenced in Section 513 hereof relating to the sufficiency of money and obligations deposited in the Escrow Fund to be applied in accordance with the Escrow Agreement. “Water System Improvements” means the Water System Improvements referred to in the preamble to the Ordinance.

ARTICLE II

AUTHORIZATION AND DETAILS OF THE BONDS

Section 201. Authorization of the Bonds. The Bonds have been heretofore authorized and directed to be issued pursuant to the Ordinance. The Series 2012-1 Bonds shall be issued in the principal amount of $4,665,000, for the purpose of providing funds to: (a) pay the costs of the Water System Improvements; (b) retire the Loans; (c) refund the Refunded Bonds; and (d) pay costs of issuance of the Series 2012-1 Bonds. The Series 2012-2 Bonds shall be issued in the principal amount of $2,065,000, for the purpose of providing funds to: (a) pay the costs of the Projects and Special Assessment Improvements; (b) retire the Series 2012-2 Refunded Notes; and (c) pay costs of issuance of the Series 2012-2 Bonds. The Series 2012-3 Bonds shall be issued in the principal amount of $2,560,000, for the purpose of providing funds to: (a) pay the costs of the Ridgefield Improvements; (b) retire the Series 2012-3 Refunded Notes; and (c) pay costs of issuance of the Series 2012-3 Bonds.

Section 202. Description of the Bonds. The Bonds shall consist of fully registered bonds in an Authorized Denomination, and shall be numbered in such manner as the Bond Registrar shall determine. All of the Bonds shall be dated as of the Dated Date, shall become due in the amounts, on the Stated Maturities, subject to redemption and payment prior to their Stated Maturities as provided in Article III hereof, and shall bear interest at the rates per annum as follows: Series 2012-1 Bonds

SERIAL BONDS Stated Maturity

December 1 Principal Amount

Annual Rateof Interest

Stated MaturityDecember 1

Principal Amount


2012 $100,000 2.00% 2017 $440,000 3.00% 2013 210,000 2.00% 2018 450,000 3.00% 2014 220,000 2.00% 2019 460,000 3.00% 2015 410,000 3.00% 2020 300,000 3.00% 2016 425,000 3.00% 2021 315,000 3.00%

TERM BONDS

Stated Maturity December 1

Principal Amount


2023 $485,000 3.00% 2025 460,000 3.00% 2027 390,000 3.00%



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Series 2012-2 Bonds SERIAL BONDS


Principal Amount



Principal Amount


2013 $ 80,000 2.000% 2017 $120,000 2.000% 2014 115,000 2.000% 2018 125,000 2.000% 2015 120,000 2.000% 2019 125,000 3.000% 2016 120,000 2.000% 2020 130,000 3.000%

TERM BONDS


Principal Amount


2022 $275,000 2.375% 2024 285,000 3.000% 2026 315,000 3.000% 2032 255,000 3.375%

Series 2012-3 Bonds

SERIAL BONDS Stated Maturity

December 1 Principal Amount



Principal Amount


2013 $110,000 2.000% 2017 $160,000 1.750% 2014 150,000 1.250% 2018 160,000 2.000% 2015 155,000 1.375% 2019 165,000 2.250% 2016 155,000 1.625%

TERM BONDS


Principal Amount


2021 $350,000 3.00% 2023 365,000 3.00% 2025 385,000 3.00% 2027 405,000 3.00%

The Bonds shall bear interest at the above specified rates (computed on the basis of a 360-day year of twelve 30-day months) from the later of the Dated Date or the most recent Interest Payment Date to which interest has been paid on the Interest Payment Dates in the manner set forth in Section 204 hereof. Each of the Bonds, as originally issued or issued upon transfer, exchange or substitution, shall be printed in accordance with the format required by the Attorney General of the State and shall be substantially in the form attached hereto as EXHIBIT A or as may be required by the Attorney General pursuant to the Notice of Systems of Registration for Kansas Municipal Bonds, 2 Kan. Reg. 921 (1983), in accordance with the Kansas Bond Registration Law, K.S.A. 10-620 et seq.

Section 203. Designation of Paying Agent and Bond Registrar. The State Treasurer is hereby designated as the Paying Agent for the payment of principal of and interest on the Bonds and Bond Registrar with respect to the registration, transfer and exchange of Bonds. The Mayor of the Issuer is hereby authorized and empowered to execute on behalf of the Issuer an agreement with the Bond Registrar and Paying Agent for the Bonds.



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The Issuer will at all times maintain a Paying Agent and Bond Registrar meeting the qualifications herein described for the performance of the duties hereunder. The Issuer reserves the right to appoint a successor Paying Agent or Bond Registrar by (a) filing with the Paying Agent or Bond Registrar then performing such function a certified copy of the proceedings giving notice of the termination of such Paying Agent or Bond Registrar and appointing a successor, and (b) causing notice of appointment of the successor Paying Agent and Bond Registrar to be given by first class mail to each Owner. No resignation or removal of the Paying Agent or Bond Registrar shall become effective until a successor has been appointed and has accepted the duties of Paying Agent or Bond Registrar. Every Paying Agent or Bond Registrar appointed hereunder shall at all times meet the requirements of K.S.A. 10-501 et seq. and K.S.A. 10-620 et seq., respectively.

Section 204. Method and Place of Payment of the Bonds. The principal of, or Redemption Price, and interest on the Bonds shall be payable in any coin or currency which, on the respective dates of payment thereof, is legal tender for the payment of public and private debts. The principal or Redemption Price of each Bond shall be paid at Maturity to the Person in whose name such Bond is registered on the Bond Register at the Maturity thereof, upon presentation and surrender of such Bond at the principal office of the Paying Agent. The interest payable on each Bond on any Interest Payment Date shall be paid to the Owner of such Bond as shown on the Bond Register at the close of business on the Record Date for such interest (a) by check or draft mailed by the Paying Agent to the address of such Owner shown on the Bond Register or at such other address as is furnished to the Paying Agent in writing by such Owner; or (b) in the case of an interest payment to Cede & Co. or any Owner of $500,000 or more in aggregate principal amount of Bonds, by electronic transfer to such Owner upon written notice given to the Bond Registrar by such Owner, not less than 15 days prior to the Record Date for such interest, containing the electronic transfer instructions including the bank ABA routing number and account number to which such Owner wishes to have such transfer directed. Notwithstanding the foregoing provisions of this Section, any Defaulted Interest with respect to any Bond shall cease to be payable to the Owner of such Bond on the relevant Record Date and shall be payable to the Owner in whose name such Bond is registered at the close of business on the Special Record Date for the payment of such Defaulted Interest, which Special Record Date shall be fixed as hereinafter specified in this paragraph. The Issuer shall notify the Paying Agent in writing of the amount of Defaulted Interest proposed to be paid on each Bond and the date of the proposed payment (which date shall be at least 30 days after receipt of such notice by the Paying Agent) and shall deposit with the Paying Agent at the time of such notice an amount of money equal to the aggregate amount proposed to be paid in respect of such Defaulted Interest or shall make arrangements satisfactory to the Paying Agent for such deposit prior to the date of the proposed payment. Following receipt of such funds the Paying Agent shall fix a Special Record Date for the payment of such Defaulted Interest which shall be not more than 15 nor less than 10 days prior to the date of the proposed payment. The Paying Agent shall promptly notify the Issuer of such Special Record Date and, in the name and at the expense of the Issuer, shall cause notice of the proposed payment of such Defaulted Interest and the Special Record Date therefore to be mailed, by first class mail, postage prepaid, to each Owner of a Bond entitled to such notice at the address of such Owner as it appears on the Bond Register not less than 10 days prior to such Special Record Date. The Paying Agent shall keep a record of payment of principal and Redemption Price of and interest on all Bonds and at least annually shall forward a copy or summary of such records to the Issuer.



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Section 205. Payments Due on Saturdays, Sundays and Holidays. In any case where a Bond Payment Date is not a Business Day, then payment of principal, Redemption Price or interest need not be made on such Bond Payment Date but may be made on the next succeeding Business Day with the same force and effect as if made on such Bond Payment Date, and no interest shall accrue for the period after such Bond Payment Date.

Section 206. Registration, Transfer and Exchange of Bonds. The Issuer covenants that, as long as any of the Bonds remain Outstanding, it will cause the Bond Register to be kept at the office of the Bond Registrar as herein provided. Each Bond when issued shall be registered in the name of the Owner thereof on the Bond Register. Bonds may be transferred and exchanged only on the Bond Register as provided in this Section. Upon surrender of any Bond at the principal office of the Bond Registrar, the Bond Registrar shall transfer or exchange such Bond for a new Bond or Bonds in any Authorized Denomination of the same Stated Maturity and in the same aggregate principal amount as the Bond that was presented for transfer or exchange. Bonds presented for transfer or exchange shall be accompanied by a written instrument or instruments of transfer or authorization for exchange, in a form and with guarantee of signature satisfactory to the Bond Registrar, duly executed by the Owner thereof or by the Owner's duly authorized agent. In all cases in which the privilege of transferring or exchanging Bonds is exercised, the Bond Registrar shall authenticate and deliver Bonds in accordance with the provisions of this Bond Resolution. The Issuer shall pay the fees and expenses of the Bond Registrar for the registration, transfer and exchange of Bonds provided for by this Bond Resolution and the cost of printing a reasonable supply of registered bond blanks. Any additional costs or fees that might be incurred in the secondary market, other than fees of the Bond Registrar, are the responsibility of the Owners of the Bonds. In the event any Owner fails to provide a correct taxpayer identification number to the Paying Agent, the Paying Agent may make a charge against such Owner sufficient to pay any governmental charge required to be paid as a result of such failure. In compliance with Code § 3406, such amount may be deducted by the Paying Agent from amounts otherwise payable to such Owner hereunder or under the Bonds. The Issuer and the Bond Registrar shall not be required (a) to register the transfer or exchange of any Bond that has been called for redemption after notice of such redemption has been mailed by the Paying Agent pursuant to Section 303 hereof and during the period of 15 days next preceding the date of mailing of such notice of redemption; or (b) to register the transfer or exchange of any Bond during a period beginning at the opening of business on the day after receiving written notice from the Issuer of its intent to pay Defaulted Interest and ending at the close of business on the date fixed for the payment of Defaulted Interest pursuant to Section 204 hereof. The Issuer and the Paying Agent may deem and treat the Person in whose name any Bond is registered on the Bond Register as the absolute Owner of such Bond, whether such Bond is overdue or not, for the purpose of receiving payment of, or on account of, the principal or Redemption Price of and interest on said Bond and for all other purposes. All payments so made to any such Owner or upon the Owner's order shall be valid and effective to satisfy and discharge the liability upon such Bond to the extent of the sum or sums so paid, and neither the Issuer nor the Paying Agent shall be affected by any notice to the contrary. At reasonable times and under reasonable regulations established by the Bond Registrar, the Bond Register may be inspected and copied by the Owners (or a designated representative thereof) of 10% or



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more in principal amount of the Bonds then Outstanding or any designated representative of such Owners whose authority is evidenced to the satisfaction of the Bond Registrar.

Section 207. Execution, Registration, Authentication and Delivery of Bonds. Each of the Bonds, including any Bonds issued in exchange or as substitutions for the Bonds initially delivered, shall be executed for and on behalf of the Issuer by the manual or facsimile signature of the Mayor, attested by the manual or facsimile signature of the Clerk, and the seal of the Issuer shall be affixed thereto or imprinted thereon. The Mayor and Clerk are hereby authorized and directed to prepare and execute the Bonds in the manner herein specified, and to cause the Bonds to be registered in the office of the Clerk, which registration shall be evidenced by the manual or facsimile signature of the Clerk with the seal of the Issuer affixed thereto or imprinted thereon. The Bonds shall also be registered in the office of the State Treasurer, which registration shall be evidenced by the manual or facsimile signature of the State Treasurer with the seal of the State Treasurer affixed thereto or imprinted thereon. In case any officer whose signature appears on any Bonds ceases to be such officer before the delivery of such Bonds, such signature shall nevertheless be valid and sufficient for all purposes, as if such person had remained in office until delivery. Any Bond may be signed by such persons who at the actual time of the execution of such Bond are the proper officers to sign such Bond although at the date of such Bond such persons may not have been such officers. The Mayor and Clerk are hereby authorized and directed to prepare and execute the Bonds as herein specified, and when duly executed, to deliver the Bonds to the Bond Registrar for authentication. The Bonds shall have endorsed thereon a certificate of authentication substantially in the form attached hereto as EXHIBIT A hereof, which shall be manually executed by an authorized officer or employee of the Bond Registrar, but it shall not be necessary that the same officer or employee sign the certificate of authentication on all of the Bonds that may be issued hereunder at any one time. No Bond shall be entitled to any security or benefit under this Bond Resolution or be valid or obligatory for any purpose unless and until such certificate of authentication has been duly executed by the Bond Registrar. Such executed certificate of authentication upon any Bond shall be conclusive evidence that such Bond has been duly authenticated and delivered under this Bond Resolution. Upon authentication, the Bond Registrar shall deliver the Bonds to the Purchaser upon instructions of the Issuer or its representative.

Section 208. Mutilated, Lost, Stolen or Destroyed Bonds. If (a) any mutilated Bond is surrendered to the Bond Registrar or the Bond Registrar receives evidence to its satisfaction of the destruction, loss or theft of any Bond, and (b) there is delivered to the Issuer and the Bond Registrar such security or indemnity as may be required by each of them, then, in the absence of notice to the Issuer or the Bond Registrar that such Bond has been acquired by a bona fide purchaser, the Issuer shall execute and, upon the Issuer's request, the Bond Registrar shall authenticate and deliver, in exchange for or in lieu of any such mutilated, destroyed, lost or stolen Bond, a new Bond of the same Stated Maturity and of like tenor and principal amount. If any such mutilated, destroyed, lost or stolen Bond has become or is about to become due and payable, the Issuer, in its discretion, may pay such Bond instead of issuing a new Bond. Upon the issuance of any new Bond under this Section, the Issuer and the Paying Agent may require the payment by the Owner of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto and any other expenses (including the fees and expenses of the Paying Agent) connected therewith. Every new Bond issued pursuant to this Section shall constitute a replacement of the prior obligation of the Issuer, and shall be entitled to all the benefits of this Bond Resolution equally and ratably with all other Outstanding Bonds.



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Section 209. Cancellation and Destruction of Bonds Upon Payment. All Bonds that have

been paid or redeemed or that otherwise have been surrendered to the Paying Agent, either at or before Maturity, shall be cancelled by the Paying Agent immediately upon the payment, redemption and surrender thereof to the Paying Agent and subsequently destroyed in accordance with the customary practices of the Paying Agent. The Paying Agent shall execute a certificate in duplicate describing the Bonds so cancelled and destroyed and shall file an executed counterpart of such certificate with the Issuer.

Section 210. Book-Entry Bonds; Securities Depository. The Issuer and Paying Agent have entered into a DTC Representation Letter with DTC. The Bonds shall initially be registered to Cede & Co., the nominee for the Securities Depository, and no Beneficial Owner will receive certificates representing their respective interests in the Bonds, except in the event the Bond Registrar issues Replacement Bonds as provided in this Section. It is anticipated that during the term of the Bonds, the Securities Depository will make book-entry transfers among its Participants and receive and transmit payment of principal of, premium, if any, and interest on, the Bonds to the Participants until and unless the Bond Registrar authenticates and delivers Replacement Bonds to the Beneficial Owners as described in the following paragraph. The Issuer may decide, subject to the requirements of the Operational Arrangements of DTC (or a successor Securities Depository), and the following provisions of this section to discontinue use of the system of book-entry transfers through DTC (or a successor Securities Depository): (a) If the Issuer determines (1) that the Securities Depository is unable to properly discharge its responsibilities, or (2) that the Securities Depository is no longer qualified to act as a securities depository and registered clearing agency under the Securities and Exchange Act of 1934, as amended, or (3) that the continuation of a book-entry system to the exclusion of any Bonds being issued to any Owner other than Cede & Co. is no longer in the best interests of the Beneficial Owners of the Bonds; or (b) if the Bond Registrar receives written notice from Participants having interests in not less than 50% of the Bonds Outstanding, as shown on the records of the Securities Depository (and certified to such effect by the Securities Depository), that the continuation of a book-entry system to the exclusion of any Bonds being issued to any Owner other than Cede & Co. is no longer in the best interests of the Beneficial Owners of the Bonds, then the Bond Registrar shall notify the Owners of such determination or such notice and of the availability of certificates to Owners requesting the same, and the Bond Registrar shall register in the name of and authenticate and deliver Replacement Bonds to the Beneficial Owners or their nominees in principal amounts representing the interest of each, making such adjustments as it may find necessary or appropriate as to accrued interest and previous calls for redemption; provided, that in the case of a determination under (a)(1) or (a)(2) of this paragraph, the Issuer, with the consent of the Bond Registrar, may select a successor securities depository in accordance with the following paragraph to effect book-entry transfers. In such event, all references to the Securities Depository herein shall relate to the period of time when the Securities Depository has possession of at least one Bond. Upon the issuance of Replacement Bonds, all references herein to obligations imposed upon or to be performed by the Securities Depository shall be deemed to be imposed upon and performed by the Bond Registrar, to the extent applicable with respect to such Replacement Bonds. If the Securities Depository resigns and the Issuer, the Bond Registrar or Owners are unable to locate a qualified successor of the Securities Depository in accordance with the following paragraph, then the Bond Registrar shall authenticate and cause delivery of Replacement Bonds to Owners, as provided herein. The Bond Registrar may rely on information from the Securities Depository and its Participants as to the names of the Beneficial Owners of the Bonds. The cost of printing, registration, authentication, and delivery of Replacement Bonds shall be paid for by the Issuer.



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In the event the Securities Depository resigns, is unable to properly discharge its responsibilities, or is no longer qualified to act as a securities depository and registered clearing agency under the Securities and Exchange Act of 1934, as amended, the Issuer may appoint a successor Securities Depository provided the Bond Registrar receives written evidence satisfactory to the Bond Registrar with respect to the ability of the successor Securities Depository to discharge its responsibilities. Any such successor Securities Depository shall be a securities depository which is a registered clearing agency under the Securities and Exchange Act of 1934, as amended, or other applicable statute or regulation that operates a securities depository upon reasonable and customary terms. The Bond Registrar upon its receipt of a Bond or Bonds for cancellation shall cause the delivery of Bonds to the successor Securities Depository in an Authorized Denominations and form as provided herein.

Section 211. Nonpresentment of Bonds. If any Bond is not presented for payment when the principal thereof becomes due at Maturity, if funds sufficient to pay such Bond have been made available to the Paying Agent all liability of the Issuer to the Owner thereof for the payment of such Bond shall forthwith cease, determine and be completely discharged, and thereupon it shall be the duty of the Paying Agent to hold such funds, without liability for interest thereon, for the benefit of the Owner of such Bond, who shall thereafter be restricted exclusively to such funds for any claim of whatever nature on his part under this Bond Resolution or on, or with respect to, said Bond. If any Bond is not presented for payment within four (4) years following the date when such Bond becomes due at Maturity, the Paying Agent shall repay, without liability for interest thereon, to the Issuer the funds theretofore held by it for payment of such Bond, and such Bond shall, subject to the defense of any applicable statute of limitation, thereafter be an unsecured obligation of the Issuer, and the Owner thereof shall be entitled to look only to the Issuer for payment, and then only to the extent of the amount so repaid to it by the Paying Agent, and the Issuer shall not be liable for any interest thereon and shall not be regarded as a trustee of such money.

Section 212. Preliminary and Final Official Statement. The Preliminary Official Statement dated April 4, 2012, is hereby ratified and approved. The Official Statement is hereby authorized to be prepared by supplementing, amending and completing the Preliminary Official Statement, with such changes and additions thereto as are necessary to conform to and describe the transaction. The Mayor and chief financial officer of the Issuer are hereby authorized to execute the Official Statement as so supplemented, amended and completed, and the use and public distribution of the Official Statement by the Purchaser in connection with the reoffering of the Bonds is hereby authorized. The proper officials of the Issuer are hereby authorized to execute and deliver a certificate pertaining to such Official Statement as prescribed therein, dated as of the Issue Date. The Issuer agrees to provide to the Purchaser within seven business days of the date of the sale of Bonds sufficient copies of the Official Statement to enable the Purchaser to comply with the requirements of Rule 15c2-12(3) and (4) of the Securities and Exchange Commission and with the requirements of Rule G-32 of the Municipal Securities Rulemaking Board.

Section 213. Sale of the Bonds - Bond Purchase Agreement. The execution of the Bond Purchase Agreement by the Mayor is hereby ratified and confirmed. Pursuant to the Bond Purchase Agreement, the Issuer agrees to sell the Bonds to the Purchaser for the Purchase Price, upon the terms and conditions set forth therein.

Section 214. Authorization of Escrow Agreement. The Issuer is hereby authorized to enter into the Escrow Agreement, and the Mayor and Clerk are hereby authorized and directed to execute the Escrow Agreement with such changes therein as such officials may deem appropriate, for and on behalf of and as the act and deed of the Issuer. The Escrow Agent is hereby authorized to carry out, on behalf of the Issuer, the duties, terms and provisions of the Escrow Agreement, and the Escrow Agent, the Purchaser and Bond Counsel are authorized to take all necessary actions for the subscription and purchase



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of the Escrowed Securities described therein, including the subscription for United States Treasury Securities - State and Local Government Series.

ARTICLE III

REDEMPTION OF BONDS

Section 301. Redemption by Issuer. Optional Redemption. (a) At the option of the Issuer, the Series 2012-1 Bonds and the Series 2012-2 Bonds maturing on December 1 in the years 2021, and thereafter, will be subject to redemption and payment prior to their Stated Maturity on December 1, 2020, and thereafter, as a whole or in part (selection of maturities and the amount of Bonds of each maturity to be redeemed to be determined by the Issuer in such equitable manner as it may determine) at any time, at the Redemption Price of 100% (expressed as a percentage of the principal amount), plus accrued interest to the Redemption Date. (b) At the option of the Issuer, the Series 2012-3 Bonds maturing on December 1 in the years 2014 through 2019, inclusive, will be subject to redemption and payment prior to their Stated Maturity on December 1, 2013, and thereafter, as a whole or in part (selection of maturities and the amount of Bonds of each maturity to be redeemed to be determined by the Issuer in such equitable manner as it may determine) at any time, at the Redemption Price of 100% (expressed as a percentage of the principal amount), plus accrued interest to the Redemption Date. (c) At the option of the Issuer, the Series 2012-3 Bonds maturing on December 1 in the years 2020 and thereafter, will be subject to redemption and payment prior to their Stated Maturity on December 1, 2017, and thereafter, as a whole or in part (selection of maturities and the amount of Bonds of each maturity to be redeemed to be determined by the Issuer in such equitable manner as it may determine) at any time, at the Redemption Price of 100% (expressed as a percentage of the principal amount), plus accrued interest to the Redemption Date. Mandatory Redemption. (a) 2012-1-2023 Term Bonds. The 2012-1-23 Term Bonds shall be subject to mandatory redemption and payment prior to Stated Maturity pursuant to the mandatory redemption requirements of this Section at a Redemption Price equal to 100% of the principal amount thereof plus accrued interest to the Redemption Date. The taxes levied in Article IV hereof which are to be deposited into the Debt Service Account shall be sufficient to redeem, and the Issuer shall redeem on December 1 in each year, the following principal amounts of such 2012-1-2023 Term Bonds:

Principal Amount

Year

$270,000 2022 215,000 2023*

_______________ *Final Maturity (b) 2012-1-2025 Term Bonds. The 2012-1-25 Term Bonds shall be subject to mandatory redemption and payment prior to Stated Maturity pursuant to the mandatory redemption requirements of this Section at a Redemption Price equal to 100% of the principal amount thereof plus accrued interest to the Redemption Date. The taxes levied in Article IV hereof which are to be deposited into the Debt



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Service Account shall be sufficient to redeem, and the Issuer shall redeem on December 1 in each year, the following principal amounts of such 2012-1-2025 Term Bonds:

Principal Amount

Year

$225,000 2024 235,000 2025*

_______________ *Final Maturity (c) 2012-1-2027 Term Bonds. The 2012-1-27 Term Bonds shall be subject to mandatory redemption and payment prior to Stated Maturity pursuant to the mandatory redemption requirements of this Section at a Redemption Price equal to 100% of the principal amount thereof plus accrued interest to the Redemption Date. The taxes levied in Article IV hereof which are to be deposited into the Debt Service Account shall be sufficient to redeem, and the Issuer shall redeem on December 1 in each year, the following principal amounts of such 2012-1-2027 Term Bonds:

Principal Amount

Year

$240,000 2026 150,000 2027*

_______________ *Final Maturity (d) 2012-2-2022 Term Bonds. The 2012-2-22 Term Bonds shall be subject to mandatory redemption and payment prior to Stated Maturity pursuant to the mandatory redemption requirements of this Section at a Redemption Price equal to 100% of the principal amount thereof plus accrued interest to the Redemption Date. The taxes levied in Article IV hereof which are to be deposited into the Debt Service Account shall be sufficient to redeem, and the Issuer shall redeem on December 1 in each year, the following principal amounts of such 2012-2-2022 Term Bonds:

Principal Amount

Year

$135,000 2021 140,000 2022*

_______________ *Final Maturity (e) 2012-2-2024 Term Bonds. The 2012-2-24 Term Bonds shall be subject to mandatory redemption and payment prior to Stated Maturity pursuant to the mandatory redemption requirements of this Section at a Redemption Price equal to 100% of the principal amount thereof plus accrued interest to the Redemption Date. The taxes levied in Article IV hereof which are to be deposited into the Debt Service Account shall be sufficient to redeem, and the Issuer shall redeem on December 1 in each year, the following principal amounts of such 2012-2-2024 Term Bonds:

Principal Amount

Year

$140,000 2023 145,000 2024*

_______________ *Final Maturity



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(f) 2012-2-2026 Term Bonds. The 2012-2-26 Term Bonds shall be subject to mandatory redemption and payment prior to Stated Maturity pursuant to the mandatory redemption requirements of this Section at a Redemption Price equal to 100% of the principal amount thereof plus accrued interest to the Redemption Date. The taxes levied in Article IV hereof which are to be deposited into the Debt Service Account shall be sufficient to redeem, and the Issuer shall redeem on December 1 in each year, the following principal amounts of such 2012-2-2026 Term Bonds:

Principal Amount

Year

$155,000 2025 160,000 2026*

_______________ *Final Maturity (g) 2012-2-2032 Term Bonds. The 2012-2-32 Term Bonds shall be subject to mandatory redemption and payment prior to Stated Maturity pursuant to the mandatory redemption requirements of this Section at a Redemption Price equal to 100% of the principal amount thereof plus accrued interest to the Redemption Date. The taxes levied in Article IV hereof which are to be deposited into the Debt Service Account shall be sufficient to redeem, and the Issuer shall redeem on December 1 in each year, the following principal amounts of such 2012-2-2032 Term Bonds:

Principal Amount

Year

$160,000 2027 15,000 2028 20,000 2029 20,000 2030 20,000 2031 20,000 2032*

_______________ *Final Maturity (h) 2012-3-2021 Term Bonds. The 2012-3-21 Term Bonds shall be subject to mandatory redemption and payment prior to Stated Maturity pursuant to the mandatory redemption requirements of this Section at a Redemption Price equal to 100% of the principal amount thereof plus accrued interest to the Redemption Date. The taxes levied in Article IV hereof which are to be deposited into the Debt Service Account shall be sufficient to redeem, and the Issuer shall redeem on December 1 in each year, the following principal amounts of such 2012-3-2021 Term Bonds:

Principal Amount

Year

$175,000 2020 175,000 2021*

_______________ *Final Maturity (i) 2012-3-2023 Term Bonds. The 2012-3-23 Term Bonds shall be subject to mandatory redemption and payment prior to Stated Maturity pursuant to the mandatory redemption requirements of this Section at a Redemption Price equal to 100% of the principal amount thereof plus accrued interest to the Redemption Date. The taxes levied in Article IV hereof which are to be deposited into the Debt Service Account shall be sufficient to redeem, and the Issuer shall redeem on December 1 in each year, the following principal amounts of such 2012-3-2023 Term Bonds:



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Principal Amount

Year

$180,000 2022 185,000 2023*

_______________ *Final Maturity (j) 2012-3-2025 Term Bonds. The 2012-3-25 Term Bonds shall be subject to mandatory redemption and payment prior to Stated Maturity pursuant to the mandatory redemption requirements of this Section at a Redemption Price equal to 100% of the principal amount thereof plus accrued interest to the Redemption Date. The taxes levied in Article IV hereof which are to be deposited into the Debt Service Account shall be sufficient to redeem, and the Issuer shall redeem on December 1 in each year, the following principal amounts of such 2012-3-2025 Term Bonds:

Principal Amount

Year

$190,000 2024 195,000 2025*

_______________ *Final Maturity (k) 2012-3-2027 Term Bonds. The 2012-3-27 Term Bonds shall be subject to mandatory redemption and payment prior to Stated Maturity pursuant to the mandatory redemption requirements of this Section at a Redemption Price equal to 100% of the principal amount thereof plus accrued interest to the Redemption Date. The taxes levied in Article IV hereof which are to be deposited into the Debt Service Account shall be sufficient to redeem, and the Issuer shall redeem on December 1 in each year, the following principal amounts of such 2012-3-2027 Term Bonds:

Principal Amount

Year

$200,000 2026 205,000 2027*

_______________ *Final Maturity At its option, to be exercised on or before the 45th day next preceding any mandatory Redemption Date, the Issuer may: (1) deliver to the Paying Agent for cancellation Term Bonds subject to mandatory redemption on said mandatory Redemption Date, in any aggregate principal amount desired; or (2) furnish the Paying Agent funds, together with appropriate instructions, for the purpose of purchasing any Term Bonds subject to mandatory redemption on said mandatory Redemption Date from any Owner thereof whereupon the Paying Agent shall expend such funds for such purpose to such extent as may be practical; or (3) receive a credit with respect to the mandatory redemption obligation of the Issuer under this Section for any Term Bonds subject to mandatory redemption on said mandatory Redemption Date which, prior to such date, have been redeemed (other than through the operation of the mandatory redemption requirements of this subsection) and cancelled by the Paying Agent and not theretofore applied as a credit against any redemption obligation under this subsection. Each Term Bond so delivered or previously purchased or redeemed shall be credited at 100% of the principal amount thereof on the obligation of the Issuer to redeem Term Bonds of the same Stated Maturity on such mandatory Redemption Date, and any excess of such amount shall be credited on future mandatory redemption obligations for Term Bonds of the same Stated Maturity as designated by the Issuer, and the principal amount of Term Bonds to be redeemed by operation of the requirements of this Section shall be



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accordingly reduced. If the Issuer intends to exercise any option granted by the provisions of clauses (1), (2) or (3) above, the Issuer will, on or before the 45th day next preceding each mandatory Redemption Date, furnish the Paying Agent a written certificate indicating to what extent the provisions of said clauses (1), (2) and (3) are to be complied with, with respect to such mandatory redemption payment.

Section 302. Selection of Bonds to be Redeemed. Bonds shall be redeemed only in an Authorized Denomination. When less than all of the Bonds are to be redeemed and paid prior to their Stated Maturity, such Bonds shall be redeemed in such manner as the Issuer shall determine. Bonds of less than a full Stated Maturity shall be selected by the Bond Registrar in a minimum Authorized Denomination of principal amount in such equitable manner as the Bond Registrar may determine. In the case of a partial redemption of Bonds by lot when Bonds of denominations greater than a minimum Authorized Denomination are then Outstanding, then for all purposes in connection with such redemption a minimum Authorized Denomination of face value shall be treated as though it were a separate Bond of the denomination of a minimum Authorized Denomination. If it is determined that one or more, but not all, of a minimum Authorized Denomination of face value represented by any Bond is selected for redemption, then upon notice of intention to redeem a minimum Authorized Denomination, the Owner or the Owner’s duly authorized agent shall forthwith present and surrender such Bond to the Bond Registrar: (1) for payment of the Redemption Price and interest to the Redemption Date of a minimum Authorized Denomination of face value called for redemption, and (2) for exchange, without charge to the Owner thereof, for a new Bond or Bonds of the aggregate principal amount of the unredeemed portion of the principal amount of such Bond. If the Owner of any such Bond fails to present such Bond to the Paying Agent for payment and exchange as aforesaid, such Bond shall, nevertheless, become due and payable on the redemption date to the extent of a minimum Authorized Denomination of face value called for redemption (and to that extent only).

Section 303. Notice and Effect of Call for Redemption. In the event the Issuer desires to call the Bonds for redemption prior to maturity, written notice of such intent shall be provided to the Bond Registrar in accordance with K.S.A. 10-129, as amended, not less than 45 days prior to the Redemption Date. The Bond Registrar shall call Bonds for redemption and payment and shall give notice of such redemption as herein provided upon receipt by the Bond Registrar at least 45 days prior to the Redemption Date of written instructions of the Issuer specifying the principal amount, Stated Maturities, Redemption Date and Redemption Prices of the Bonds to be called for redemption. The foregoing provisions of this paragraph shall not apply in the case of any mandatory redemption of Term Bonds hereunder, and Term Bonds shall be called by the Paying Agent for redemption pursuant to such mandatory redemption requirements without the necessity of any action by the Issuer and whether or not the Paying Agent holds moneys available and sufficient to effect the required redemption. Unless waived by any Owner of Bonds to be redeemed, if the Issuer shall call any Bonds for redemption and payment prior to the Stated Maturity thereof, the Issuer shall give written notice of its intention to call and pay said Bonds to the Bond Registrar and the Purchaser. In addition, the Issuer shall cause the Bond Registrar to give written notice of redemption to the Owners of said Bonds. Each of said written notices shall be deposited in the United States first class mail not less than 30 days prior to the Redemption Date. All official notices of redemption shall be dated and shall contain the following information: (a) the Redemption Date; (b) the Redemption Price;



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(c) if less than all Outstanding Bonds are to be redeemed, the identification (and, in the case of partial redemption of any Bonds, the respective principal amounts) of the Bonds to be redeemed; (d) a statement that on the Redemption Date the Redemption Price will become due and payable upon each such Bond or portion thereof called for redemption and that interest thereon shall cease to accrue from and after the Redemption Date; and (e) the place where such Bonds are to be surrendered for payment of the Redemption Price, which shall be the principal office of the Paying Agent. The failure of any Owner to receive notice given as heretofore provided or an immaterial defect therein shall not invalidate any redemption. Prior to any Redemption Date, the Issuer shall deposit with the Paying Agent an amount of money sufficient to pay the Redemption Price of all the Bonds or portions of Bonds that are to be redeemed on such Redemption Date. For so long as the Securities Depository is effecting book-entry transfers of the Bonds, the Bond Registrar shall provide the notices specified in this Section to the Securities Depository. It is expected that the Securities Depository shall, in turn, notify its Participants and that the Participants, in turn, will notify or cause to be notified the Beneficial Owners. Any failure on the part of the Securities Depository or a Participant, or failure on the part of a nominee of a Beneficial Owner of a Bond (having been mailed notice from the Bond Registrar, the Securities Depository, a Participant or otherwise) to notify the Beneficial Owner of the Bond so affected, shall not affect the validity of the redemption of such Bond. Official notice of redemption having been given as aforesaid, the Bonds or portions of Bonds to be redeemed shall become due and payable on the Redemption Date, at the Redemption Price therein specified, and from and after the Redemption Date (unless the Issuer defaults in the payment of the Redemption Price) such Bonds or portion of Bonds shall cease to bear interest. Upon surrender of such Bonds for redemption in accordance with such notice, the Redemption Price of such Bonds shall be paid by the Paying Agent. Installments of interest due on or prior to the Redemption Date shall be payable as herein provided for payment of interest. Upon surrender for any partial redemption of any Bond, there shall be prepared for the Owner a new Bond or Bonds of the same Stated Maturity in the amount of the unpaid principal as provided herein. All Bonds that have been surrendered for redemption shall be cancelled and destroyed by the Paying Agent as provided herein and shall not be reissued. In addition to the foregoing notice, the Issuer shall provide such notices of redemption as are required by the Disclosure Instructions. Further notice may be given by the Issuer or the Bond Registrar on behalf of the Issuer as set out below, but no defect in said further notice nor any failure to give all or any portion of such further notice shall in any manner defeat the effectiveness of a call for redemption if official notice thereof is given as above prescribed: (a) Each further notice of redemption given hereunder shall contain the information required above for an official notice of redemption plus (1) the CUSIP numbers of all Bonds being redeemed; (2) the date of issue of the Bonds as originally issued; (3) the rate of interest borne by each Bond being redeemed; (4) the maturity date of each Bond being redeemed; and (5) any other descriptive information needed to identify accurately the Bonds being redeemed. (b) Each further notice of redemption shall be sent at least one day before the mailing of notice to Owners by first class, registered or certified mail or overnight delivery, as determined by the Bond Registrar, to all registered securities depositories then in the business of holding substantial amounts



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of obligations of types comprising the Bonds and to one or more national information services that disseminate notices of redemption of obligations such as the Bonds. (c) Each check or other transfer of funds issued for the payment of the Redemption Price of Bonds being redeemed shall bear or have enclosed the CUSIP number of the Bonds being redeemed with the proceeds of such check or other transfer. The Paying Agent is also directed to comply with any mandatory standards then in effect for processing redemptions of municipal securities established by the State or the Securities and Exchange Commission. Failure to comply with such standards shall not affect or invalidate the redemption of any Bond.

ARTICLE IV

SECURITY FOR BONDS

Section 401. Security for the Bonds. The Bonds shall be general obligations of the Issuer payable as to both principal and interest in part from special assessments levied upon the property benefited by the construction of the Improvements and, if not so paid, from ad valorem taxes which may be levied without limitation as to rate or amount upon all the taxable tangible property, real and personal, within the territorial limits of the Issuer. The balance of the principal and interest on the Bonds is payable from ad valorem taxes which may be levied without limitation as to rate or amount upon all the taxable tangible property, real and personal, within the territorial limits of the Issuer. The full faith, credit and resources of the Issuer are hereby irrevocably pledged for the prompt payment of the principal of and interest on the Bonds as the same become due.

Section 402. Levy and Collection of Annual Tax; Transfer to Debt Service Account. The governing body of the Issuer shall annually make provision for the payment of principal of, premium, if any, and interest on the Bonds as the same become due by, to the extent necessary, levying and collecting the necessary taxes and/or assessments upon all of the taxable tangible property within the Issuer in the manner provided by law. The taxes and/or assessments referred to above shall be extended upon the tax rolls in each of the several years, respectively, and shall be levied and collected at the same time and in the same manner as the other ad valorem taxes of the Issuer are levied and collected. The proceeds derived from said taxes shall be deposited in the Bond and Interest Fund, shall be kept separate and apart from all other funds of the Issuer shall thereafter be transferred to the Debt Service Account and shall be used solely for the payment of the principal of and interest on the Bonds as and when the same become due, taking into account any scheduled mandatory redemptions, and the fees and expenses of the Paying Agent. If at any time said taxes and/or assessments are not collected in time to pay the principal of or interest on the Bonds when due, the Treasurer is hereby authorized and directed to pay said principal or interest out of the general funds of the Issuer and to reimburse said general funds for money so expended when said taxes are collected.



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ARTICLE V

ESTABLISHMENT OF FUNDS AND ACCOUNTS

DEPOSIT AND APPLICATION OF BOND PROCEEDS

Section 501. Creation of Funds and Accounts. Simultaneously with the issuance of the Bonds, there shall be created within the Treasury of the Issuer the following Funds and Accounts: (a) Debt Service Account for General Obligation Refunding and Improvement Bonds, Series 2012-1 (within the Bond and Interest Fund); (b) Debt Service Account for General Obligation Bonds, Series 2012-2 (within the Bond and Interest Fund); (c) Debt Service Account for General Obligation Bonds, Series 2012-3 (within the Bond and Interest Fund); (d) Rebate Account for General Obligation Refunding and Improvement Bonds, Series 2012-1; (e) Rebate Account for General Obligation Bonds, Series 2012-2; (f) Rebate Account for General Obligation Bonds, Series 2012-3; (g) Project Fund for General Obligation Bonds, Series 2012-2; (h) Improvement Fund for General Obligation Bonds, Series 2012-3; (i) Redemption Fund for Refunded Loans; (j) Redemption Fund for Refunded Notes-Series 2012-2; (k) Redemption Fund for Refunded Notes-Series 2012-3; and (l) Compliance Account for General Obligation Bonds, Series 2012-1, 2012-2 and 2012-3. The Funds and Accounts established herein shall be administered in accordance with the provisions of this Bond Resolution so long as the Bonds are Outstanding. In addition to the Funds and Accounts described above, the Escrow Agreement establishes the following Funds and Accounts to be held and administered by the Escrow Agent in accordance with the provisions of the Escrow Agreement: (a) Escrow Fund for Refunded Bonds; (b) Costs of Issuance Account for General Obligation Refunding and Improvement Bonds, Series 2012-1; (c) Costs of Issuance Account for General Obligation Bonds, Series 2012-2; and (d) Costs of Issuance Account for General Obligation Bonds, Series 2012-3.



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Section 502. Deposit of Bond Proceeds and Other Moneys. The net proceeds received from the sale of the Bonds and certain other funds shall be deposited simultaneously with the delivery of the Bonds as follows: Series 2012-1 Bonds (a) The sum of $27,903.93 shall be transferred to the Escrow Agent, for deposit in the Costs of Issuance Account-2012-1 and applied in accordance with the Escrow Agreement. (b) The sum of $2,229,909.49 shall be deposited into the Refunded Loans Redemption Fund. (c) The remaining balance of the proceeds derived from the sale of the Series 2012-1 Bonds shall be transferred to the Escrow Agent for deposit in the Escrow Fund and applied in accordance with the Escrow Agreement. (d) Simultaneously with the issuance of the Bonds, the Issuer shall transfer from the debt service accounts for the Refunded Bonds the sum of $50,023.13 to the Escrow Agent for deposit in the Escrow Fund. Series 2012-2 Bonds (a) The sum of $29,955.84 shall be transferred to the Escrow Agent, for deposit in the Costs of Issuance Account-2012-2 and applied in accordance with the Escrow Agreement. (b) The sum of $505,692.06 shall be deposited into the Series 2012-2 Refunded Notes Redemption Fund. (c) The remaining balance of the proceeds derived from the sale of the Series 2012-2 Bonds shall be deposited into the Project Fund. (d) In addition to proceeds of the Bonds, the Issuer will deposit into the Refunded Notes Redemption Fund the amount of an amount of $117,636.07, representing excess proceeds of the Refunded Notes. Series 2012-3 Bonds (a) The sum of $29,055.61 shall be transferred to the Escrow Agent, for deposit in the Costs of Issuance Account-2012-3 and applied in accordance with the Escrow Agreement. (b) The sum of $1,757,400 shall be deposited into the Series 2012-3 Refunded Notes Redemption Fund. (c) The remaining balance of the proceeds derived from the sale of the Series 2012-3 Bonds shall be deposited into the Improvement Fund.

Section 503. Application of Moneys in the Project Fund Moneys in the Project Fund shall be used for the sole purpose of: (a) paying the costs of the Projects, in accordance with the plans and specifications therefor prepared by the Consulting Engineer heretofore approved by the governing body of the Issuer and on file in the office of the Clerk, including any alterations in or amendments to said plans and specifications deemed advisable by the Consulting Engineer and approved by the governing body of the Issuer; and (b) paying interest on the Series 2012-2 Bonds during construction of the Projects;



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(c) paying Costs of Issuance; and (d) transferring any amounts to the Rebate Account-2012-2 required by Section 509 hereof. Withdrawals from the Project Fund shall be made only when authorized by the governing body of the Issuer. Each authorization for costs of the Improvements shall be supported by a certificate executed by the Consulting Engineer stating that such payment is being made for a purpose within the scope of this Bond Resolution and that the amount of such payment represents only the contract price of the property, equipment, labor, materials or service being paid for or, if such payment is not being made pursuant to an express contract, that such payment is not in excess of the reasonable value thereof. Authorizations for withdrawals for other authorized purposes shall be supported by a certificate executed by the Clerk (or designate) stating that such payment is being made for a purpose within the scope of this Bond Resolution. Upon completion of the Improvements, any surplus remaining in the Project Fund shall be deposited in the Debt Service Account-2012-2.

Section 504. Substitution of Improvements; Reallocation of Proceeds. (a) The Issuer may elect for any reason to substitute or add other public improvements to be financed with proceeds of the Series 2012-2 Bonds provided the following conditions are met: (1) the Substitute Improvement and the issuance of general obligation bonds to pay the cost of the Substitute Improvement has been duly authorized by the governing body of the Issuer in accordance with the laws of the State; (2) a resolution authorizing the use of the proceeds of the Series 2012-2 Bonds to pay the Financeable Costs of the Substitute Improvement has been duly adopted by the governing body of the Issuer pursuant to this Section, (3) the Attorney General of the State has approved the amendment made by such resolution to the transcript of proceedings for the Series 2012-2 Bonds to include the Substitute Improvements; and (4) the use of the proceeds of the Series 2012-2 Bonds to pay the Financeable Cost of the Substitute Improvement will not adversely affect the tax-exempt status of the Series 2012-2 Bonds under State or federal law. (b) The Issuer may reallocate expenditure of Series 2012-2 Bond proceeds among all Improvements financed by the Series 2012-2 Bonds; provided the following conditions are met: (1) the reallocation is approved by the governing body of the Issuer; (2) the reallocation shall not cause the proceeds of the Series 2012-2 Bonds allocated to any Improvement to exceed the Financeable Costs of the Improvement; and (3) the reallocation will not adversely affect the tax-exempt status of the Series 2012-2 Bonds under State or federal law.

Section 505. Application of Moneys in the Improvement Fund Moneys in the Improvement Fund shall be used to reimburse the Issuer for expenses of the Ridgefield Improvements not financed with the proceeds of the Series 2012-3 Refunded Notes.

Section 506. Application of Moneys in the Refunded Loans Redemption Fund. Moneys in the Refunded Loans Redemption Fund shall be paid and transferred to the Refunded Loans Paying Agent, with irrevocable instructions to apply such amount to the payment of the Refunded Loans on the Refunded Loans Redemption Date. Any moneys remaining in the Refunded Loans Redemption Fund not needed to retire the Refunded Loans shall be transferred to the Debt Service Account-2012-1.

Section 507. Application of Moneys in the Refunded Notes Redemption Fund. Moneys in the Refunded Notes Redemption Fund shall be paid and transferred to the Refunded Notes Paying Agent, with irrevocable instructions to apply such amount to the payment of the Refunded Notes on the Refunded Notes Redemption Date. Any moneys remaining in the Refunded Notes Redemption Fund not needed to retire the Refunded Notes shall be transferred to the Debt Service Account-2012-2 or 2012-3 respecting such excess moneys.



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Section 508. Application of Moneys in Debt Service Account. All amounts paid and credited to the Debt Service Account shall be expended and used by the Issuer for the sole purpose of paying the principal or Redemption Price of and interest on the Bonds as and when the same become due and the usual and customary fees and expenses of the Bond Registrar and Paying Agent. The Treasurer is authorized and directed to withdraw from the Debt Service Account sums sufficient to pay both principal or Redemption Price of and interest on the Bonds and the fees and expenses of the Bond Registrar and Paying Agent as and when the same become due, and to forward such sums to the Paying Agent in a manner which ensures that the Paying Agent will receive immediately available funds in such amounts on or before the Business Day immediately preceding the dates when such principal, interest and fees of the Bond Registrar and Paying Agent will become due. If, through the lapse of time or otherwise, the Owners of Bonds are no longer entitled to enforce payment of the Bonds or the interest thereon, the Paying Agent shall return said funds to the Issuer. All moneys deposited with the Paying Agent shall be deemed to be deposited in accordance with and subject to all of the provisions contained in this Bond Resolution and shall be held in trust by the Paying Agent for the benefit of the Owners of the Bonds entitled to payment from such moneys. Any moneys or investments remaining in the Debt Service Account after the retirement of the Bonds shall be transferred and paid into the Bond and Interest Fund.

Section 509. Application of Moneys in the Rebate Fund. (a) There shall be deposited in the Rebate Fund such amounts as are required to be deposited therein pursuant to the Federal Tax Certificate. All money at any time deposited in the Rebate Fund shall be held in trust, to the extent required to satisfy the Rebate Amount (as defined in the Federal Tax Certificate), for payment to the United States of America, and neither the Issuer nor the Owner of any Bonds shall have any rights in or claim to such money. All amounts deposited into or on deposit in the Rebate Fund shall be governed by this Section and the Federal Tax Certificate. (b) The Issuer shall periodically determine the arbitrage rebate, if any, under Code § 148(f) in accordance with the Federal Tax Certificate, and the Issuer shall make payments to the United States of America at the times and in the amounts determined under the Federal Tax Certificate. Any moneys remaining in the Rebate Fund after redemption and payment of all of the Bonds and payment and satisfaction of any Rebate Amount, or provision made therefor, shall be deposited into the Bond and Interest Fund. (c) Notwithstanding any other provision of this Bond Resolution, including in particular Article VII hereof, the obligation to pay arbitrage rebate to the United States of America and to comply with all other requirements of this Section and the Federal Tax Certificate shall survive the defeasance or payment in full of the Bonds.

Section 510. Deposits and Investment of Moneys. Moneys in each of the Funds and Accounts shall be deposited in accordance with laws of the State, in a bank, savings and loan association or savings bank organized under the laws of the State, any other state or the United States: (a) which has a main or branch office located in the Issuer; or (b) if no such entity has a main or branch office located in the Issuer, with such an entity that has a main or branch office located in the county or counties in which the Issuer is located. All such depositaries shall be members of the Federal Deposit Insurance Corporation, or otherwise as permitted by State law. All such deposits shall be invested in Permitted Investments as set forth in this Article or shall be adequately secured as provided by the laws of the State. All moneys held in the Funds and Accounts shall be kept separate and apart from all other funds of the Issuer so that there shall be no commingling with any other funds of the Issuer.



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Moneys held in any Fund or Account other than the Escrow Fund, the Refunded Loans Redemption Fund or the Refunded Notes Redemption Fund may be invested in accordance with this Bond Resolution and the Federal Tax Certificate in Permitted Investments; provided, however, that no such investment shall be made for a period extending longer than to the date when the moneys invested may be needed for the purpose for which such fund was created. All earnings on any investments held in any Fund or Account shall accrue to and become a part of such Fund or Account; provided that, during the period of construction of the Projects, earnings on the investment of such funds may, at the discretion of the Issuer, be credited to the Debt Service Account-2012-2.

Section 511. Application of Moneys in the Costs of Issuance Account. Moneys in the Costs of Issuance Account shall be used by the Escrow Agent to pay the Costs of Issuance. Any funds remaining in the Costs of Issuance Account, after payment of all Costs of Issuance, but not later than the later of 30 days prior to the first Stated Maturity of principal or one year after the date of issuance of the Bonds, shall be transferred to the respective Debt Service Account or to the Compliance Account.

Section 512. Application of Moneys in the Escrow Fund. Under the Escrow Agreement, the Escrow Agent will apply moneys in the Escrow Fund to purchase the Escrowed Securities and to establish an initial cash balance in accordance with the Escrow Agreement. The cash and Escrowed Securities held in the Escrow Fund will be applied by the Escrow Agent solely in the manner authorized by the Escrow Agreement. All money deposited with the Escrow Agent shall be deemed to be deposited in accordance with and subject to all of the provisions contained in the Escrow Agreement.

Section 513. Verification of Certified Public Accountant. Prior to or concurrently with the issuance and delivery of the Bonds and the creation of the Escrow Fund, the Issuer shall obtain a Verification Report from an independent certified public accountant that such accountant has verified the accuracy of the calculations that demonstrate that the money and obligations required to be deposited with the Escrow Agent pursuant to Section 502 of this Bond Resolution and the Escrow Agreement, together with the earnings to accrue thereon, will be sufficient for the timely payment of the principal of, redemption premium, if any, and interest on the Refunded Bonds in accordance with the Escrow Agreement.

Section 514. Application of Moneys in the Compliance Account. Moneys in the Compliance Account shall be used by the Issuer to pay fees and expenses relating to compliance with federal arbitrage law, state or federal securities laws, and other costs or expenses of carrying or repaying the Bonds as set forth in the Federal Tax Certificate. Any funds remaining in the Compliance Account on the sixth anniversary of the Issue Date shall be transferred to the Debt Service Account.

ARTICLE VI

DEFAULT AND REMEDIES

Section 601. Remedies. The provisions of the Bond Resolution, including the covenants and agreements herein contained, shall constitute a contract between the Issuer and the Owners of the Bonds. If an Event of Default occurs and shall be continuing, the Owner or Owners of not less than 10% in principal amount of the Bonds at the time Outstanding shall have the right for the equal benefit and protection of all Owners of Bonds similarly situated: (a) by mandamus or other suit, action or proceedings at law or in equity to enforce the rights of such Owner or Owners against the Issuer and its officers, agents and employees, and to require and compel duties and obligations required by the provisions of the Bond Resolution or by the Constitution and laws of the State;



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(b) by suit, action or other proceedings in equity or at law to require the Issuer, its officers, agents and employees to account as if they were the trustees of an express trust; and (c) by suit, action or other proceedings in equity or at law to enjoin any acts or things which may be unlawful or in violation of the rights of the Owners of the Bonds.

Section 602. Limitation on Rights of Owners. The covenants and agreements of the Issuer contained herein and in the Bonds shall be for the equal benefit, protection, and security of the Owners of any or all of the Bonds, all of which Bonds shall be of equal rank and without preference or priority of one Bond over any other Bond in the application of the funds herein pledged to the payment of the principal of and the interest on the Bonds, or otherwise, except as to rate of interest, date of maturity and right of prior redemption as provided in this Bond Resolution. No one or more Owners secured hereby shall have any right in any manner whatever by his or their action to affect, disturb or prejudice the security granted and provided for herein, or to enforce any right hereunder, except in the manner herein provided, and all proceedings at law or in equity shall be instituted, had and maintained for the equal benefit of all Outstanding Bonds.

Section 603. Remedies Cumulative. No remedy conferred herein upon the Owners is intended to be exclusive of any other remedy, but each such remedy shall be cumulative and in addition to every other remedy and may be exercised without exhausting and without regard to any other remedy conferred herein. No waiver of any default or breach of duty or contract by the Owner of any Bond shall extend to or affect any subsequent default or breach of duty or contract or shall impair any rights or remedies thereon. No delay or omission of any Owner to exercise any right or power accruing upon any default shall impair any such right or power or shall be construed to be a waiver of any such default or acquiescence therein. Every substantive right and every remedy conferred upon the Owners of the Bonds by this Bond Resolution may be enforced and exercised from time to time and as often as may be deemed expedient. If action or proceedings taken by any Owner on account of any default or to enforce any right or exercise any remedy has been discontinued or abandoned for any reason, or shall have been determined adversely to such Owner, then, and in every such case, the Issuer and the Owners of the Bonds shall be restored to their former positions and rights hereunder, respectively, and all rights, remedies, powers and duties of the Owners shall continue as if no such suit, action or other proceedings had been brought or taken.

ARTICLE VII

DEFEASANCE

Section 701. Defeasance. When any or all of the Bonds, redemption premium, if any, or scheduled interest payments thereon have been paid and discharged, then the requirements contained in this Bond Resolution and the pledge of the Issuer's faith and credit hereunder and all other rights granted hereby shall terminate with respect to the Bonds or scheduled interest payments thereon so paid and discharged. Bonds, redemption premium, if any, or scheduled interest payments thereon shall be deemed to have been paid and discharged within the meaning of this Bond Resolution if there has been deposited with the Paying Agent, or other commercial bank or trust company located in the State and having full trust powers, at or prior to the Stated Maturity or Redemption Date of said Bonds or the interest payments thereon, in trust for and irrevocably appropriated thereto, moneys and/or Defeasance Obligations which, together with the interest to be earned on any such Defeasance Obligations, will be sufficient for the payment of the principal of or Redemption Price of said Bonds and/or interest accrued to the Stated Maturity or Redemption Date, or if default in such payment has occurred on such date, then to the date of the tender of such payments. If the amount to be so deposited is based on the Redemption Price of any



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Bonds, no such satisfaction shall occur until (a) the Issuer has elected to redeem such Bonds, and (b) either notice of such redemption has been given, or the Issuer has given irrevocable instructions, or shall have provided for an escrow agent to give irrevocable instructions, to the Bond Registrar to give such notice of redemption in compliance with Section 303 of this Bond Resolution. Any money and Defeasance Obligations that at any time shall be deposited with the Paying Agent or other commercial bank or trust company by or on behalf of the Issuer, for the purpose of paying and discharging any of the Bonds, shall be and are hereby assigned, transferred and set over to the Paying Agent or other bank or trust company in trust for the respective Owners of the Bonds, and such moneys shall be and are hereby irrevocably appropriated to the payment and discharge thereof. All money and Defeasance Obligations deposited with the Paying Agent or such bank or trust company shall be deemed to be deposited in accordance with and subject to all of the provisions of this Bond Resolution.

ARTICLE VIII

TAX COVENANTS

Section 801. General Covenants. The Issuer covenants and agrees that it will comply with: (a) all applicable provisions of the Code necessary to maintain the exclusion from gross income for federal income tax purposes of the interest on the Bonds; and (b) all provisions and requirements of the Federal Tax Certificate. The Mayor and Clerk are hereby authorized and directed to execute the Federal Tax Certificate in a form approved by Bond Counsel, for and on behalf of and as the act and deed of the Issuer. The Issuer will, in addition, adopt such other ordinances or resolutions and take such other actions as may be necessary to comply with the Code and with all other applicable future laws, regulations, published rulings and judicial decisions, in order to ensure that the interest on the Bonds will remain excluded from federal gross income, to the extent any such actions can be taken by the Issuer.

Section 802. Survival of Covenants. The covenants contained in this Article and in the Federal Tax Certificate shall remain in full force and effect notwithstanding the defeasance of the Bonds pursuant to Article VII hereof or any other provision of this Bond Resolution until such time as is set forth in the Federal Tax Certificate.

ARTICLE IX

CONTINUING DISCLOSURE REQUIREMENTS

Section 901. Disclosure Requirements. The Mayor and Clerk are hereby authorized and directed to execute the Disclosure Instructions in a form approved by Bond Counsel, for and on behalf of and as the act and deed of the Issuer. The Issuer hereby covenants with the Purchaser and the Beneficial Owners to provide and disseminate such information as is required by the SEC Rule and as further set forth in the Disclosure Instructions, which are incorporated herein by reference. Such covenant shall be for the benefit of and enforceable by the Purchaser and the Beneficial Owners.

Section 902. Failure to Comply with Continuing Disclosure Requirements. In the event the Issuer fails to comply in a timely manner with its covenants contained in the preceding section, the Purchaser and/or any Beneficial Owner may make demand for such compliance by written notice to the Issuer. In the event the Issuer does not remedy such noncompliance within 10 days of receipt of such written notice, the Purchaser or any Beneficial Owner may in its discretion, without notice or demand, proceed to enforce compliance by a suit or suits in equity for the specific performance of such covenant or agreement contained in the preceding section or for the enforcement of any other appropriate legal or equitable remedy, as the Purchaser and/or any Beneficial Owner shall deem effectual to protect and



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enforce any of the duties of the Issuer under such preceding section. Notwithstanding any other provision of this Bond Resolution, failure of the Issuer to comply with its covenants contained in the preceding section shall not be considered an Event of Default under this Bond Resolution.

ARTICLE X

MISCELLANEOUS PROVISIONS

Section 1001. Annual Audit. Annually, promptly after the end of the Fiscal Year, the Issuer will cause an audit to be made of the financial statements of the Issuer for the preceding Fiscal Year by an Independent Accountant. The audit report shall contain a statement regarding the Issuer's compliance with the arbitrage rebate covenants contained in the Federal Tax Certificate and covenants regarding continuing disclosure contained in Section 901 hereof and the Continuing Disclosure Instructions. Within 30 days after the completion of each such audit, a copy thereof shall be filed in the office of the Clerk, and a duplicate copy of the audit shall be mailed to the Purchaser. Such audit shall at all times during the usual business hours be open to the examination and inspection by any taxpayer, any Owner of any of the Bonds, or by anyone acting for or on behalf of such taxpayer or Owner. Upon payment of the reasonable cost of preparing and mailing the same, a copy of any annual audit will, upon request, be sent to any Owner or prospective Owner. As soon as possible after the completion of the annual audit, the governing body of the Issuer shall review such audit, and if the audit discloses that proper provision has not been made for all of the requirements of this Bond Resolution, the Issuer shall promptly cure such deficiency.

Section 1002. Amendments. The rights and duties of the Issuer and the Owners, and the terms and provisions of the Bonds or of this Bond Resolution, may be amended or modified at any time in any respect by resolution of the Issuer with the written consent of the Owners of not less than a majority in principal amount of the Bonds then Outstanding, such consent to be evidenced by an instrument or instruments executed by such Owners and duly acknowledged or proved in the manner of a deed to be recorded, and such instrument or instruments shall be filed with the Clerk, but no such modification or alteration shall: (a) extend the maturity of any payment of principal or interest due upon any Bond; (b) effect a reduction in the amount which the Issuer is required to pay as principal of or interest on any Bond; (c) permit preference or priority of any Bond over any other Bond; or (d) reduce the percentage in principal amount of Bonds required for the written consent to any modification or alteration of the provisions of this Bond Resolution. Any provision of the Bonds or of this Bond Resolution may, however, be amended or modified by resolution duly adopted by the governing body of the Issuer at any time in any legal respect with the written consent of the Owners of all of the Bonds at the time Outstanding. Without notice to or the consent of any Owners, the Issuer may amend or supplement this Bond Resolution for the purpose of curing any formal defect, omission, inconsistency or ambiguity herein, to grant to or confer upon the Owners any additional rights, remedies, powers or authority that may lawfully be granted to or conferred upon the Owners, to more precisely identify the Projects, to reallocate proceeds of the Series 2012-2 Bonds among Projects, to provide for Substitute Improvements, to conform this Bond Resolution to the Code or future applicable federal law concerning tax-exempt obligations, or in connection with any other change therein which is not materially adverse to the interests of the Owners.



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Every amendment or modification of the provisions of the Bonds or of this Bond Resolution, to which the written consent of the Owners is given, as above provided, shall be expressed in a resolution adopted by the governing body of the Issuer amending or supplementing the provisions of this Bond Resolution and shall be deemed to be a part of this Bond Resolution. A certified copy of every such amendatory or supplemental resolution, if any, and a certified copy of this Bond Resolution shall always be kept on file in the office of the Clerk, and shall be made available for inspection by the Owner of any Bond or a prospective purchaser or owner of any Bond authorized by this Bond Resolution, and upon payment of the reasonable cost of preparing the same, a certified copy of any such amendatory or supplemental resolution or of this Bond Resolution will be sent by the Clerk to any such Owner or prospective Owner. Any and all modifications made in the manner hereinabove provided shall not become effective until there has been filed with the Clerk a copy of the resolution of the Issuer hereinabove provided for, duly certified, as well as proof of any required consent to such modification by the Owners of the Bonds then Outstanding. It shall not be necessary to note on any of the Outstanding Bonds any reference to such amendment or modification. The Issuer shall furnish to the Paying Agent a copy of any amendment to the Bonds or this Bond Resolution which affects the duties or obligations of the Paying Agent under this Bond Resolution.

Section 1003. Notices, Consents and Other Instruments by Owners. Any notice, consent, request, direction, approval or other instrument to be signed and executed by the Owners may be in any number of concurrent writings of similar tenor and may be signed or executed by such Owners in person or by agent appointed in writing. Proof of the execution of any such instrument or of the writing appointing any such agent and of the ownership of Bonds, if made in the following manner, shall be sufficient for any of the purposes of this Bond Resolution, and shall be conclusive in favor of the Issuer and the Paying Agent with regard to any action taken, suffered or omitted under any such instrument, namely: (a) The fact and date of the execution by any person of any such instrument may be proved by a certificate of any officer in any jurisdiction who by law has power to take acknowledgments within such jurisdiction that the person signing such instrument acknowledged before such officer the execution thereof, or by affidavit of any witness to such execution. (b) The fact of ownership of Bonds, the amount or amounts, numbers and other identification of Bonds, and the date of holding the same shall be proved by the Bond Register. In determining whether the Owners of the requisite principal amount of Bonds Outstanding have given any request, demand, authorization, direction, notice, consent or waiver under this Bond Resolution, Bonds owned by the Issuer shall be disregarded and deemed not to be Outstanding under this Bond Resolution, except that, in determining whether the Owners shall be protected in relying upon any such request, demand, authorization, direction, notice, consent or waiver, only Bonds which the Owners know to be so owned shall be so disregarded. Notwithstanding the foregoing, Bonds so owned which have been pledged in good faith shall not be disregarded as aforesaid if the pledgee establishes to the satisfaction of the Owners the pledgee's right so to act with respect to such Bonds and that the pledgee is not the Issuer.

Section 1004. Notices. Any notice, request, complaint, demand or other communication required or desired to be given or filed under this Bond Resolution shall be in writing, given to the Notice Representative at the Notice Address and shall be deemed duly given or filed if the same shall be: (a) duly mailed by registered or certified mail, postage prepaid; or (b) communicated via fax, with electronic or



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telephonic confirmation of receipt. Copies of such notices shall also be given to the Paying Agent. The Issuer, the Paying Agent and the Purchaser may from time to time designate, by notice given hereunder to the others of such parties, such other address to which subsequent notices, certificates or other communications shall be sent. All notices given by: (a) certified or registered mail as aforesaid shall be deemed duly given as of the date they are so mailed; (b) fax as aforesaid shall be deemed duly given as of the date of confirmation of receipt. If, because of the temporary or permanent suspension of regular mail service or for any other reason, it is impossible or impractical to mail any notice in the manner herein provided, then such other form of notice as shall be made with the approval of the Paying Agent shall constitute a sufficient notice.

Section 1005. Electronic Transactions. The issuance of the Bonds and the transactions related thereto and described herein may be conducted and documents may be stored by electronic means.

Section 1006. Further Authority. The officers and officials of the Issuer, including the Mayor and Clerk, are hereby authorized and directed to execute all documents and take such actions as they may deem necessary or advisable in order to carry out and perform the purposes of this Bond Resolution and to make ministerial alterations, changes or additions in the foregoing agreements, statements, instruments and other documents herein approved, authorized and confirmed which they may approve, and the execution or taking of such action shall be conclusive evidence of such necessity or advisability.

Section 1007. Severability. If any section or other part of this Bond Resolution, whether large or small, is for any reason held invalid, the invalidity thereof shall not affect the validity of the other provisions of this Bond Resolution.

Section 1008. Governing Law. This Bond Resolution shall be governed exclusively by and construed in accordance with the applicable laws of the State.

Section 1009. Effective Date. This Bond Resolution shall take effect and be in full force from and after its adoption by the governing body of the Issuer.



JLN\600910.047\BOND RESOLUTION

(Signature Page to Bond Resolution)

ADOPTED by the governing body of the Issuer on April 17, 2012. (SEAL) Mayor ATTEST: Clerk

CERTIFICATE I hereby certify that the above and foregoing is a true and correct copy of the Bond Resolution of the Issuer adopted by the governing body on April 17, 2012, as the same appears of record in my office. DATED: April 17, 2012. Clerk




A-1-1

EXHIBIT A-1 (FORM OF SERIES 2012-1 BONDS)

REGISTERED REGISTERED NUMBER $

Unless this certificate is presented by an authorized representative of The Depository Trust Company, a New York Corporation (“DTC”), to the Issuer or its agent for registration of transfer, exchange or payment, and any certificate issued is registered in the name of Cede & Co. or in such other name as is requested by an authorized representative of DTC (and any payment is made to Cede & Co. or to such other entity as is requested by an authorized representative of DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL inasmuch as the registered owner hereof, Cede & Co., has an interest herein.

UNITED STATES OF AMERICA STATE OF KANSAS

COUNTY OF SEDGWICK CITY OF VALLEY CENTER

GENERAL OBLIGATION REFUNDING AND IMPROVEMENT BOND SERIES 2012-1

Interest Maturity Dated CUSIP: Rate: Date: Date: May 1, 2012 REGISTERED OWNER: PRINCIPAL AMOUNT: KNOW ALL PERSONS BY THESE PRESENTS: That the City of Valley Center, in the County of Sedgwick, State of Kansas (the “Issuer”), for value received, hereby acknowledges itself to be indebted and promises to pay to the Registered Owner shown above, or registered assigns, but solely from the source and in the manner herein specified, the Principal Amount shown above on the Maturity Date shown above, unless called for redemption prior to said Maturity Date, and to pay interest thereon at the Interest Rate per annum shown above (computed on the basis of a 360-day year of twelve 30-day months), from the Dated Date shown above, or from the most recent date to which interest has been paid or duly provided for, payable semiannually on June 1 and December 1 of each year, commencing December 1, 2012 (the “Interest Payment Dates”), until the Principal Amount has been paid. Method and Place of Payment. The principal or redemption price of this Bond shall be paid at maturity or upon earlier redemption to the person in whose name this Bond is registered at the maturity or redemption date thereof, upon presentation and surrender of this Bond at the principal office of the Treasurer of the State of Kansas, Topeka, Kansas (the “Paying Agent” and “Bond Registrar”). The interest payable on this Bond on any Interest Payment Date shall be paid to the person in whose name this Bond is registered on the registration books maintained by the Bond Registrar at the close of business on



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the Record Date(s) for such interest, which shall be the 15th day (whether or not a business day) of the calendar month next preceding the Interest Payment Date. Such interest shall be payable (a) by check or draft mailed by the Paying Agent to the address of such Registered Owner shown on the Bond Register or at such other address as is furnished to the Paying Agent in writing by such Registered Owner; or (b) in the case of an interest payment to Cede & Co. or any Owner of $500,000 or more in aggregate principal amount of Bonds by electronic transfer to such Owner upon written notice given to the Bond Registrar by such Registered Owner, not less than 15 days prior to the Record Date for such interest, containing the electronic transfer instructions including the bank, ABA routing number and account number to which such Registered Owner wishes to have such transfer directed. The principal or redemption price of and interest on the Bonds shall be payable in any coin or currency that, on the respective dates of payment thereof, is legal tender for the payment of public and private debts. Interest not punctually paid will be paid in the manner established in the within defined Bond Resolution. Definitions. Capitalized terms used herein and not otherwise defined herein shall have the meanings assigned to such terms in the hereinafter defined Bond Resolution. ADDITIONAL PROVISIONS OF THIS BOND ARE CONTINUED ON THE REVERSE HEREOF AND SHALL FOR ALL PURPOSES HAVE THE SAME EFFECT AS THOUGH FULLY SET FORTH AT THIS PLACE. Authentication. This Bond shall not be valid or become obligatory for any purpose or be entitled to any security or benefit under the hereinafter defined Bond Resolution until the Certificate of Authentication and Registration hereon shall have been lawfully executed by the Bond Registrar. IT IS HEREBY DECLARED AND CERTIFIED that all acts, conditions, and things required to be done and to exist precedent to and in the issuance of this Bond have been properly done and performed and do exist in due and regular form and manner as required by the Constitution and laws of the State of Kansas, and that the total indebtedness of the Issuer, including this series of bonds, does not exceed any constitutional or statutory limitation. IN WITNESS WHEREOF, the Issuer has caused this Bond to be executed by the manual or facsimile signature of its Mayor and attested by the manual or facsimile signature of its Clerk, and its seal to be affixed hereto or imprinted hereon. CITY OF VALLEY CENTER, KANSAS (Facsimile Seal) By: (facsimile) Mayor ATTEST: By: (facsimile) Clerk



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CERTIFICATE OF AUTHENTICATION AND REGISTRATION This Bond is one of a series of General Obligation Refunding and Improvement Bonds, Series 2012-1, of the City of Valley Center, Kansas, described in the within-mentioned Bond Resolution. Registration Date Office of the State Treasurer, Topeka, Kansas, as Bond Registrar and Paying Agent By Registration Number 4362-087-050112-[__]

(FORM OF REVERSE SIDE OF BOND)

ADDITIONAL PROVISIONS Authorization of Bonds. This Bond is one of an authorized series of Bonds of the Issuer designated “General Obligation Refunding and Improvement Bonds, Series 2012-1,” aggregating the principal amount of $4,665,000 (the “Bonds”) issued for the purposes set forth in the Ordinance of the Issuer authorizing the issuance of the Bonds and the Resolution of the Issuer prescribing the form and details of the Bonds (collectively, the “Bond Resolution”). The Bonds are issued by the authority of and in full compliance with the provisions, restrictions and limitations of the Constitution and laws of the State of Kansas, including K.S.A. 10-427 et seq., K.S.A. 12-101 et seq. and K.S.A. 65-163d et seq, as amended, and all other provisions of the laws of the State of Kansas applicable thereto. General Obligations. The Bonds constitute general obligations of the Issuer payable as to both principal and interest in part from special assessments levied upon the property benefited by the construction of certain improvements and, if not so paid, from ad valorem taxes which may be levied without limitation as to rate or amount upon all the taxable tangible property, real and personal, within the territorial limits of the Issuer, the balance being payable from ad valorem taxes which may be levied without limitation as to rate or amount upon all the taxable tangible property, real and personal, within the territorial limits of the Issuer. The full faith, credit and resources of the Issuer are hereby pledged for the payment of the principal of and interest on this Bond and the issue of which it is a part as the same respectively become due. Redemption Prior to Maturity. The Bonds are subject to redemption prior to maturity, as follows: Optional Redemption. At the option of the Issuer, Bonds maturing on December 1 in the years 2021, and thereafter, will be subject to redemption and payment prior to maturity on December 1, 2020, and thereafter, as a whole or in part (selection of maturities and the amount of Bonds of each maturity to be redeemed to be determined by the Issuer in such equitable manner as it may determine) at any time, at



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the redemption price of 100% (expressed as a percentage of the principal amount), plus accrued interest to the date of redemption. Mandatory Redemption. Each of the Bonds maturing on December 1, 2023, 2025 and 2027 shall also be subject to mandatory redemption and payment prior to maturity pursuant to the redemption schedule set forth in the Bond Resolution at the Redemption Price of 100% (expressed as a percentage of the principal amount), plus accrued interest thereon to the Redemption Date. Redemption Denominations. Whenever the Bond Registrar is to select Bonds for the purpose of redemption, it shall, in the case of Bonds in denominations greater than a minimum Authorized Denomination, if less than all of the Bonds then Outstanding are to be called for redemption, treat each minimum Authorized Denomination of face value of each such Bond as though it were a separate Bond in the denomination of a minimum Authorized Denomination. Notice of Redemption. Notice of redemption, unless waived, shall be given by the Issuer to the Purchaser of the Bonds and to the Bond Registrar in accordance with the Bond Resolution. The Issuer shall cause the Bond Registrar to notify each Registered Owner at the address maintained on the Bond Register, such notice to be given by mailing an official notice of redemption by first class mail at least 30 days prior to the redemption date. Notice of redemption having been given as aforesaid, the Bonds or portions of Bonds to be redeemed shall, on the redemption date, become due and payable at the redemption price therein specified, and from and after such date (unless the Issuer defaults in the payment of the redemption price), such Bonds or portions of Bonds shall cease to bear interest. Book-Entry System. The Bonds are being issued by means of a book-entry system with no physical distribution of bond certificates to be made except as provided in the Bond Resolution. One Bond certificate with respect to each date on which the Bonds are stated to mature or with respect to each form of Bonds, registered in the nominee name of the Securities Depository, is being issued and required to be deposited with the Securities Depository and immobilized in its custody. The book-entry system will evidence positions held in the Bonds by the Securities Depository's participants, beneficial ownership of the Bonds in authorized denominations being evidenced in the records of such participants. Transfers of ownership shall be effected on the records of the Securities Depository and its participants pursuant to rules and procedures established by the Securities Depository and its participants. The Issuer and the Bond Registrar will recognize the Securities Depository nominee, while the Registered Owner of this Bond, as the owner of this Bond for all purposes, including (i) payments of principal of, and redemption premium, if any, and interest on, this Bond, (ii) notices and (iii) voting. Transfer of principal, interest and any redemption premium payments to participants of the Securities Depository, and transfer of principal, interest and any redemption premium payments to beneficial owners of the Bonds by participants of the Securities Depository will be the responsibility of such participants and other nominees of such beneficial owners. The Issuer and the Bond Registrar will not be responsible or liable for such transfers of payments or for maintaining, supervising or reviewing the records maintained by the Securities Depository, the Securities Depository nominee, its participants or persons acting through such participants. While the Securities Depository nominee is the owner of this Bond, notwithstanding the provision hereinabove contained, payments of principal of, redemption premium, if any, and interest on this Bond shall be made in accordance with existing arrangements among the Issuer, the Bond Registrar and the Securities Depository. Transfer and Exchange. EXCEPT AS OTHERWISE PROVIDED IN THE BOND RESOLUTION, THIS GLOBAL BOND MAY BE TRANSFERRED, IN WHOLE BUT NOT IN PART, ONLY TO ANOTHER NOMINEE OF THE SECURITIES DEPOSITORY OR TO A SUCCESSOR SECURITIES DEPOSITORY OR TO A NOMINEE OF A SUCCESSOR SECURITIES DEPOSITORY. This Bond may be transferred or exchanged, as provided in the Bond



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Resolution, only on the Bond Register kept for that purpose at the principal office of the Bond Registrar, upon surrender of this Bond, together with a written instrument of transfer or authorization for exchange satisfactory to the Bond Registrar duly executed by the Registered Owner or the Registered Owner's duly authorized agent, and thereupon a new Bond or Bonds in any Authorized Denomination of the same maturity and in the same aggregate principal amount shall be issued to the transferee in exchange therefor as provided in the Bond Resolution and upon payment of the charges therein prescribed. The Issuer shall pay all costs incurred in connection with the issuance, payment and initial registration of the Bonds and the cost of a reasonable supply of bond blanks. The Issuer and the Paying Agent may deem and treat the person in whose name this Bond is registered on the Bond Register as the absolute owner hereof for the purpose of receiving payment of, or on account of, the principal or redemption price hereof and interest due hereon and for all other purposes. The Bonds are issued in fully registered form in Authorized Denominations.

LEGAL OPINION The following is a true and correct copy of the approving legal opinion of Gilmore & Bell, P.C., Bond Counsel, which was dated and issued as of the date of original issuance and delivery of such Bonds:

GILMORE & BELL, P.C. Attorneys at Law

100 N. Main Suite 800 Wichita, Kansas 67202

(PRINTED LEGAL OPINION)

BOND ASSIGNMENT FOR VALUE RECEIVED, the undersigned do(es) hereby sell, assign and transfer to

__________________________________________________________ (Name and Address)

__________________________________________________________

(Social Security or Taxpayer Identification No.) the Bond to which this assignment is affixed in the outstanding principal amount of $___________, standing in the name of the undersigned on the books of the Bond Registrar. The undersigned do(es) hereby irrevocably constitute and appoint ____________________ as agent to transfer said Bond on the books of said Bond Registrar with full power of substitution in the premises. Dated Name



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Social Security or Taxpayer Identification No. Signature (Sign here exactly as name(s) appear on the face of Certificate) Signature guarantee: By

CERTIFICATE OF CLERK STATE OF KANSAS ) ) SS. COUNTY OF SEDGWICK ) The undersigned, Clerk of the City of Valley Center, Kansas, does hereby certify that the within Bond has been duly registered in my office according to law as of May 1, 2012. WITNESS my hand and official seal. (Facsimile Seal) By: (facsimile) Clerk

CERTIFICATE OF STATE TREASURER OFFICE OF THE TREASURER, STATE OF KANSAS RON ESTES, Treasurer of the State of Kansas, does hereby certify that a transcript of the proceedings leading up to the issuance of this Bond has been filed in the office of the State Treasurer, and that this Bond was registered in such office according to law on ________________. WITNESS my hand and official seal. (Facsimile Seal) By: (facsimile) Treasurer of the State of Kansas



A-2-1






GENERAL OBLIGATION BOND SERIES 2012-2

Interest Maturity Dated CUSIP: Rate: Date: Date: May 1, 2012 REGISTERED OWNER: PRINCIPAL AMOUNT: KNOW ALL PERSONS BY THESE PRESENTS: That the City of Valley Center, in the County of Sedgwick, State of Kansas (the “Issuer”), for value received, hereby acknowledges itself to be indebted and promises to pay to the Registered Owner shown above, or registered assigns, but solely from the source and in the manner herein specified, the Principal Amount shown above on the Maturity Date shown above, unless called for redemption prior to said Maturity Date, and to pay interest thereon at the Interest Rate per annum shown above (computed on the basis of a 360-day year of twelve 30-day months), from the Dated Date shown above, or from the most recent date to which interest has been paid or duly provided for, payable semiannually on June 1 and December 1 of each year, commencing June 1, 2013 (the “Interest Payment Dates”), until the Principal Amount has been paid. Method and Place of Payment. The principal or redemption price of this Bond shall be paid at maturity or upon earlier redemption to the person in whose name this Bond is registered at the maturity or redemption date thereof, upon presentation and surrender of this Bond at the principal office of the Treasurer of the State of Kansas, Topeka, Kansas (the “Paying Agent” and “Bond Registrar”). The interest payable on this Bond on any Interest Payment Date shall be paid to the person in whose name this Bond is registered on the registration books maintained by the Bond Registrar at the close of business on



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A-2-3

CERTIFICATE OF AUTHENTICATION AND REGISTRATION This Bond is one of a series of General Obligation Bonds, Series 2012-2, of the City of Valley Center, Kansas, described in the within-mentioned Bond Resolution. Registration Date Office of the State Treasurer, Topeka, Kansas, as Bond Registrar and Paying Agent By Registration Number 4362-087-050112-[__]


ADDITIONAL PROVISIONS Authorization of Bonds. This Bond is one of an authorized series of Bonds of the Issuer designated “General Obligation Bonds, Series 2012-2,” aggregating the principal amount of $2,065,000 (the “Bonds”) issued for the purposes set forth in the Ordinance of the Issuer authorizing the issuance of the Bonds and the Resolution of the Issuer prescribing the form and details of the Bonds (collectively, the “Bond Resolution”). The Bonds are issued by the authority of and in full compliance with the provisions, restrictions and limitations of the Constitution and laws of the State of Kansas, including K.S.A. 12-101 et seq., K.S.A. 12-6a01 et seq. and K.S.A. 14-570 and K.S.A. 14-571, as amended by Charter Ordinance No. 27-2009 of the Issuer, as amended, and all other provisions of the laws of the State of Kansas applicable thereto. General Obligations. The Bonds constitute general obligations of the Issuer payable as to both principal and interest in part from special assessments levied upon the property benefited by the construction of certain improvements and, if not so paid, from ad valorem taxes which may be levied without limitation as to rate or amount upon all the taxable tangible property, real and personal, within the territorial limits of the Issuer, the balance being payable from ad valorem taxes which may be levied without limitation as to rate or amount upon all the taxable tangible property, real and personal, within the territorial limits of the Issuer. The full faith, credit and resources of the Issuer are hereby pledged for the payment of the principal of and interest on this Bond and the issue of which it is a part as the same respectively become due. Redemption Prior to Maturity. The Bonds are subject to redemption prior to maturity, as follows: Optional Redemption. At the option of the Issuer, Bonds maturing on December 1 in the years 2021, and thereafter, will be subject to redemption and payment prior to maturity on December 1, 2020, and thereafter, as a whole or in part (selection of maturities and the amount of Bonds of each maturity to be redeemed to be determined by the Issuer in such equitable manner as it may determine) at any time, at



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the redemption price of 100% (expressed as a percentage of the principal amount), plus accrued interest to the date of redemption. Mandatory Redemption. Each of the Bonds maturing on December 1, 2022, 2024, 2026 and 2032 shall also be subject to mandatory redemption and payment prior to maturity pursuant to the redemption schedule set forth in the Bond Resolution at the Redemption Price of 100% (expressed as a percentage of the principal amount), plus accrued interest thereon to the Redemption Date. Redemption Denominations. Whenever the Bond Registrar is to select Bonds for the purpose of redemption, it shall, in the case of Bonds in denominations greater than a minimum Authorized Denomination, if less than all of the Bonds then Outstanding are to be called for redemption, treat each minimum Authorized Denomination of face value of each such Bond as though it were a separate Bond in the denomination of a minimum Authorized Denomination. Notice of Redemption. Notice of redemption, unless waived, shall be given by the Issuer to the Purchaser of the Bonds and to the Bond Registrar in accordance with the Bond Resolution. The Issuer shall cause the Bond Registrar to notify each Registered Owner at the address maintained on the Bond Register, such notice to be given by mailing an official notice of redemption by first class mail at least 30 days prior to the redemption date. Notice of redemption having been given as aforesaid, the Bonds or portions of Bonds to be redeemed shall, on the redemption date, become due and payable at the redemption price therein specified, and from and after such date (unless the Issuer defaults in the payment of the redemption price), such Bonds or portions of Bonds shall cease to bear interest. Book-Entry System. The Bonds are being issued by means of a book-entry system with no physical distribution of bond certificates to be made except as provided in the Bond Resolution. One Bond certificate with respect to each date on which the Bonds are stated to mature or with respect to each form of Bonds, registered in the nominee name of the Securities Depository, is being issued and required to be deposited with the Securities Depository and immobilized in its custody. The book-entry system will evidence positions held in the Bonds by the Securities Depository's participants, beneficial ownership of the Bonds in authorized denominations being evidenced in the records of such participants. Transfers of ownership shall be effected on the records of the Securities Depository and its participants pursuant to rules and procedures established by the Securities Depository and its participants. The Issuer and the Bond Registrar will recognize the Securities Depository nominee, while the Registered Owner of this Bond, as the owner of this Bond for all purposes, including (i) payments of principal of, and redemption premium, if any, and interest on, this Bond, (ii) notices and (iii) voting. Transfer of principal, interest and any redemption premium payments to participants of the Securities Depository, and transfer of principal, interest and any redemption premium payments to beneficial owners of the Bonds by participants of the Securities Depository will be the responsibility of such participants and other nominees of such beneficial owners. The Issuer and the Bond Registrar will not be responsible or liable for such transfers of payments or for maintaining, supervising or reviewing the records maintained by the Securities Depository, the Securities Depository nominee, its participants or persons acting through such participants. While the Securities Depository nominee is the owner of this Bond, notwithstanding the provision hereinabove contained, payments of principal of, redemption premium, if any, and interest on this Bond shall be made in accordance with existing arrangements among the Issuer, the Bond Registrar and the Securities Depository. Transfer and Exchange. EXCEPT AS OTHERWISE PROVIDED IN THE BOND RESOLUTION, THIS GLOBAL BOND MAY BE TRANSFERRED, IN WHOLE BUT NOT IN PART, ONLY TO ANOTHER NOMINEE OF THE SECURITIES DEPOSITORY OR TO A SUCCESSOR SECURITIES DEPOSITORY OR TO A NOMINEE OF A SUCCESSOR SECURITIES DEPOSITORY. This Bond may be transferred or exchanged, as provided in the Bond



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__________________________________________________________ (Name and Address)

__________________________________________________________

(Social Security or Taxpayer Identification No.) the Bond to which this assignment is affixed in the outstanding principal amount of $___________, standing in the name of the undersigned on the books of the Bond Registrar. The undersigned do(es) hereby irrevocably constitute and appoint ____________________ as agent to transfer said Bond on the books of said Bond Registrar with full power of substitution in the premises. Dated Name



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Social Security or Taxpayer Identification No. Signature (Sign here exactly as name(s) appear on the face of Certificate) Signature guarantee: By





A-3-1






GENERAL OBLIGATION BOND SERIES 2012-3

Interest Maturity Dated CUSIP: Rate: Date: Date: May 1, 2012 REGISTERED OWNER: PRINCIPAL AMOUNT: KNOW ALL PERSONS BY THESE PRESENTS: That the City of Valley Center, in the County of Sedgwick, State of Kansas (the “Issuer”), for value received, hereby acknowledges itself to be indebted and promises to pay to the Registered Owner shown above, or registered assigns, but solely from the source and in the manner herein specified, the Principal Amount shown above on the Maturity Date shown above, unless called for redemption prior to said Maturity Date, and to pay interest thereon at the Interest Rate per annum shown above (computed on the basis of a 360-day year of twelve 30-day months), from the Dated Date shown above, or from the most recent date to which interest has been paid or duly provided for, payable semiannually on June 1 and December 1 of each year, commencing June 1, 2013 (the “Interest Payment Dates”), until the Principal Amount has been paid. Method and Place of Payment. The principal or redemption price of this Bond shall be paid at maturity or upon earlier redemption to the person in whose name this Bond is registered at the maturity or redemption date thereof, upon presentation and surrender of this Bond at the principal office of the Treasurer of the State of Kansas, Topeka, Kansas (the “Paying Agent” and “Bond Registrar”). The interest payable on this Bond on any Interest Payment Date shall be paid to the person in whose name this Bond is registered on the registration books maintained by the Bond Registrar at the close of business on



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CERTIFICATE OF AUTHENTICATION AND REGISTRATION This Bond is one of a series of General Obligation Bonds, Series 2012-3, of the City of Valley Center, Kansas, described in the within-mentioned Bond Resolution. Registration Date Office of the State Treasurer, Topeka, Kansas, as Bond Registrar and Paying Agent By Registration Number 4362-087-050112-[__]


ADDITIONAL PROVISIONS Authorization of Bonds. This Bond is one of an authorized series of Bonds of the Issuer designated “General Obligation Bonds, Series 2012-3,” aggregating the principal amount of $2,560,000 (the “Bonds”) issued for the purposes set forth in the Ordinance of the Issuer authorizing the issuance of the Bonds and the Resolution of the Issuer prescribing the form and details of the Bonds (collectively, the “Bond Resolution”). The Bonds are issued by the authority of and in full compliance with the provisions, restrictions and limitations of the Constitution and laws of the State of Kansas, including K.S.A. 12-6a01 et seq., as amended, and all other provisions of the laws of the State of Kansas applicable thereto. General Obligations. The Bonds constitute general obligations of the Issuer payable as to both principal and interest in part from special assessments levied upon the property benefited by the construction of certain improvements and, if not so paid, from ad valorem taxes which may be levied without limitation as to rate or amount upon all the taxable tangible property, real and personal, within the territorial limits of the Issuer, the balance being payable from ad valorem taxes which may be levied without limitation as to rate or amount upon all the taxable tangible property, real and personal, within the territorial limits of the Issuer. The full faith, credit and resources of the Issuer are hereby pledged for the payment of the principal of and interest on this Bond and the issue of which it is a part as the same respectively become due. Redemption Prior to Maturity. The Bonds are subject to redemption prior to maturity, as follows: Optional Redemption. At the option of the Issuer: (a) Bonds maturing on December 1 in the years 2014 through 2019, inclusive, will be subject to redemption and payment prior to their Stated Maturity on December 1, 2013, and thereafter; and (b) Bonds maturing on December 1 in the years 2020 and thereafter, will be subject to redemption and payment prior to their Stated Maturity on December 1, 2017, and thereafter. The Bonds may be redeemed as a whole or in part (selection of maturities and the amount of Bonds of each maturity to be redeemed to be determined by the Issuer in such equitable



A-3-4

manner as it may determine) at any time, at the redemption price of 100% (expressed as a percentage of the principal amount), plus accrued interest to the date of redemption. Mandatory Redemption. Each of the Bonds maturing on December 1, 2021, 2023, 2025 and 2027 shall also be subject to mandatory redemption and payment prior to maturity pursuant to the redemption schedule set forth in the Bond Resolution at the Redemption Price of 100% (expressed as a percentage of the principal amount), plus accrued interest thereon to the Redemption Date. Redemption Denominations. Whenever the Bond Registrar is to select Bonds for the purpose of redemption, it shall, in the case of Bonds in denominations greater than a minimum Authorized Denomination, if less than all of the Bonds then Outstanding are to be called for redemption, treat each minimum Authorized Denomination of face value of each such Bond as though it were a separate Bond in the denomination of a minimum Authorized Denomination. Notice of Redemption. Notice of redemption, unless waived, shall be given by the Issuer to the Purchaser of the Bonds and to the Bond Registrar in accordance with the Bond Resolution. The Issuer shall cause the Bond Registrar to notify each Registered Owner at the address maintained on the Bond Register, such notice to be given by mailing an official notice of redemption by first class mail at least 30 days prior to the redemption date. Notice of redemption having been given as aforesaid, the Bonds or portions of Bonds to be redeemed shall, on the redemption date, become due and payable at the redemption price therein specified, and from and after such date (unless the Issuer defaults in the payment of the redemption price), such Bonds or portions of Bonds shall cease to bear interest. Book-Entry System. The Bonds are being issued by means of a book-entry system with no physical distribution of bond certificates to be made except as provided in the Bond Resolution. One Bond certificate with respect to each date on which the Bonds are stated to mature or with respect to each form of Bonds, registered in the nominee name of the Securities Depository, is being issued and required to be deposited with the Securities Depository and immobilized in its custody. The book-entry system will evidence positions held in the Bonds by the Securities Depository's participants, beneficial ownership of the Bonds in authorized denominations being evidenced in the records of such participants. Transfers of ownership shall be effected on the records of the Securities Depository and its participants pursuant to rules and procedures established by the Securities Depository and its participants. The Issuer and the Bond Registrar will recognize the Securities Depository nominee, while the Registered Owner of this Bond, as the owner of this Bond for all purposes, including (i) payments of principal of, and redemption premium, if any, and interest on, this Bond, (ii) notices and (iii) voting. Transfer of principal, interest and any redemption premium payments to participants of the Securities Depository, and transfer of principal, interest and any redemption premium payments to beneficial owners of the Bonds by participants of the Securities Depository will be the responsibility of such participants and other nominees of such beneficial owners. The Issuer and the Bond Registrar will not be responsible or liable for such transfers of payments or for maintaining, supervising or reviewing the records maintained by the Securities Depository, the Securities Depository nominee, its participants or persons acting through such participants. While the Securities Depository nominee is the owner of this Bond, notwithstanding the provision hereinabove contained, payments of principal of, redemption premium, if any, and interest on this Bond shall be made in accordance with existing arrangements among the Issuer, the Bond Registrar and the Securities Depository. Transfer and Exchange. EXCEPT AS OTHERWISE PROVIDED IN THE BOND RESOLUTION, THIS GLOBAL BOND MAY BE TRANSFERRED, IN WHOLE BUT NOT IN PART, ONLY TO ANOTHER NOMINEE OF THE SECURITIES DEPOSITORY OR TO A SUCCESSOR SECURITIES DEPOSITORY OR TO A NOMINEE OF A SUCCESSOR SECURITIES DEPOSITORY. This Bond may be transferred or exchanged, as provided in the Bond



A-3-5







__________________________________________________________ (Name and Address)

__________________________________________________________

(Social Security or Taxpayer Identification No.) the Bond to which this assignment is affixed in the outstanding principal amount of $___________, standing in the name of the undersigned on the books of the Bond Registrar. The undersigned do(es) hereby irrevocably constitute and appoint ____________________ as agent to transfer said Bond on the books of said Bond Registrar with full power of substitution in the premises. Dated Name Social Security or



A-3-6

Taxpayer Identification No. Signature (Sign here exactly as name(s) appear on the face of Certificate) Signature guarantee: By




NEW BUSINESS

C. IMPROVEMENT PETITIONS, REPLAT OF VALLEY CREEK ESTATES, 2ND ADDITION:

Storm Water Sewer Improvement Petition

Sanitary Sewer Improvement Petition


RECOMMENDED ACTION:

Staff recommends motion to approve Replat of Valley Creek Estates 2nd Addition Improvements Petitions as presented,


NEW BUSINESS

D. AUTHORIZING RESOLUTIONS, REPLAT OF VALLEY CREEK ESTATES 2ND ADDITION:

Resolution 596-12, Storm Water Sewer Improvement

Resolution 597-12, Sanitary Sewer Improvement


RECOMMENDED ACTION:

Staff recommends motion to adopt Resolutions 596-12 and 597-12 authorizing Stormwater Improvements and Sanitary Sewer Improvements for the Replat Valley Creek Estates 2nd Addition.


JLN\600910.049\STORM WATER SEWER (04-11-12)


(Published in The Ark Valley News, on April 26, 2012)


A RESOLUTION DETERMINING THE ADVISABILITY OF THE MAKING OF CERTAIN INTERNAL IMPROVEMENTS IN THE CITY OF VALLEY CENTER, KANSAS; MAKING CERTAIN FINDINGS WITH RESPECT THERETO; AND AUTHORIZING AND PROVIDING FOR THE MAKING OF THE IMPROVEMENTS IN ACCORDANCE WITH SUCH FINDINGS (STORM WATER SEWER IMPROVEMENTS-REPLAT OF VALLEY CREEK ESTATES 2ND ADDITION).

WHEREAS, a Petition was filed with the City Clerk of the City of Valley Center, Kansas (the “City”) proposing certain internal improvements; and said Petition sets forth: (a) the general nature of the proposed improvements; (b) the estimated or probable cost of the proposed improvements; (c) the extent of the proposed improvement district to be assessed for the cost of the proposed improvements; (d) the proposed method of assessment; (e) the proposed apportionment of the cost between the improvement district and the City at large; and (f) a request that such improvements be made without notice and hearing as required by K.S.A. 12-6a04(b) (the “Act”); and WHEREAS, the governing body of the City hereby finds and determines that said Petition was signed by all of the owners of record of the area liable for assessment for the proposed improvements, and is therefore sufficient in accordance with the provisions of the Act. THEREFORE, BE IT RESOLVED BY THE GOVERNING BODY OF THE CITY OF VALLEY CENTER, KANSAS: Section 1. Findings of Advisability. The governing body hereby finds and determines that: (a) It is advisable to make the following improvements (the “Improvements”):

Construct storm water sewer along N. Sheridan Ave. All construction shall be done in accordance with the City of Valley Center Standards.

(b) The estimated or probable cost of the Improvements is: Fifty Thousand Dollars ($50,000.00), to be increased at the pro rata rate of 1 percent per month from and after the date of adoption of this Resolution. (c) The extent of the improvement district (the “Improvement District”) to be assessed for the cost of the Improvements is:

Lots 1 through 4, inclusive, Block 2, Replat of Valley Creek Estates 2nd Addition, an addition to the City of Valley Center, Sedgwick County, Kansas.

(d) The method of assessment is on a fractional basis as follows:

Lot 1, Block 2, shall pay 6/10 of the total cost of the Improvements; Lot 2, Block 2, shall pay 1.7/10 of the total cost of the Improvements;


JLN\600910.049\STORM WATER SEWER (04-11-12)

2

Lot 3, Block 2, shall pay 1.15/10 of the total cost of the Improvements; and Lot 4, Block 2, shall pay 1.15/10 of the total cost of the Improvements.

(e) The apportionment of the cost of the Improvements between the Improvement District and the City at large is: 100% to be assessed against the Improvement District and 0% to be paid by the City-at-large. Section 2. Authorization of Improvements. The Improvements are hereby authorized and ordered to be made in accordance with the findings of the governing body of the City as set forth in Section 1 of this Resolution. Section 3. Bond Authority; Reimbursement. The Act provides for the Improvements to be paid by the issuance of general obligation bonds or special obligation bonds of the City (the “Bonds”). The Bonds may be issued to reimburse expenditures made on or after the date which is 60 days before the date of this Resolution, pursuant to Treasury Regulation 1.150-2. Section 4. Effective Date. This Resolution shall be effective upon adoption. This Resolution shall be published one time in the official City newspaper, and shall also be filed of record in the office of the Register of Deeds of Sedgwick County, Kansas.



JLN\600910.049\STORM WATER SEWER (Signature Page – Authorizing Resolution)

ADOPTED by the governing body of the City on April 17, 2012. (SEAL)

Mayor ATTEST:

Clerk

CERTIFICATE I hereby certify that the above and foregoing is a true and correct copy of the Resolution of the City adopted by the governing body on April 17, 2012, as the same appears of record in my office. DATED: April 17, 2012.

Clerk


JLN\600910.049\SANITARY SEWER (04-11-12)


(Published in The Ark Valley News, on April 26, 2012)


A RESOLUTION DETERMINING THE ADVISABILITY OF THE MAKING OF CERTAIN INTERNAL IMPROVEMENTS IN THE CITY OF VALLEY CENTER, KANSAS; MAKING CERTAIN FINDINGS WITH RESPECT THERETO; AND AUTHORIZING AND PROVIDING FOR THE MAKING OF THE IMPROVEMENTS IN ACCORDANCE WITH SUCH FINDINGS (SANITARY SEWER IMPROVEMENTS-REPLAT OF VALLEY CREEK ESTATES 2ND ADDITION).

WHEREAS, a Petition was filed with the City Clerk of the City of Valley Center, Kansas (the “City”) proposing certain internal improvements; and said Petition sets forth: (a) the general nature of the proposed improvements; (b) the estimated or probable cost of the proposed improvements; (c) the extent of the proposed improvement district to be assessed for the cost of the proposed improvements; (d) the proposed method of assessment; (e) the proposed apportionment of the cost between the improvement district and the City at large; and (f) a request that such improvements be made without notice and hearing as required by K.S.A. 12-6a04(b) (the “Act”); and WHEREAS, the governing body of the City hereby finds and determines that said Petition was signed by all of the owners of record of the area liable for assessment for the proposed improvements, and is therefore sufficient in accordance with the provisions of the Act. THEREFORE, BE IT RESOLVED BY THE GOVERNING BODY OF THE CITY OF VALLEY CENTER, KANSAS: Section 1. Findings of Advisability. The governing body hereby finds and determines that: (a) It is advisable to make the following improvements (the “Improvements”):

Construct sanitary sewer South of Cottonwood Drive and West of N. Sheridan Ave. All construction shall be done in accordance with the City of Valley Center Standards.

(b) The estimated or probable cost of the Improvements is: Twenty-Eight Thousand Dollars ($28,000.00), to be increased at the pro rata rate of 1 percent per month from and after the date of adoption of this Resolution. (c) The extent of the improvement district (the “Improvement District”) to be assessed for the cost of the Improvements is:

Lots 2 through 4, inclusive, Block 2, Replat of Valley Creek Estates 2nd Addition, an addition to the City of Valley Center, Sedgwick County, Kansas.

(d) The method of assessment is on a fractional basis as follows:

Lot 2, Block 2, shall pay 3/7 of the total cost of the Improvements; Lot 3, Block 2, shall pay 2/7 of the total cost of the Improvements; and


JLN\600910.049\SANITARY SEWER (04-11-12)

2

Lot 4, Block 2, shall pay 2/7 of the total cost of the Improvements. (e) The apportionment of the cost of the Improvements between the Improvement District and the City at large is: 100% to be assessed against the Improvement District and 0% to be paid by the City-at-large. Section 2. Authorization of Improvements. The Improvements are hereby authorized and ordered to be made in accordance with the findings of the governing body of the City as set forth in Section 1 of this Resolution. Section 3. Bond Authority; Reimbursement. The Act provides for the Improvements to be paid by the issuance of general obligation bonds or special obligation bonds of the City (the “Bonds”). The Bonds may be issued to reimburse expenditures made on or after the date which is 60 days before the date of this Resolution, pursuant to Treasury Regulation 1.150-2. Section 4. Effective Date. This Resolution shall be effective upon adoption. This Resolution shall be published one time in the official City newspaper, and shall also be filed of record in the office of the Register of Deeds of Sedgwick County, Kansas.



JLN\600910.049\SANITARY SEWER (Signature Page – Authorizing Resolution)

ADOPTED by the governing body of the City on April 17, 2012. (SEAL)

Mayor ATTEST:

Clerk

CERTIFICATE I hereby certify that the above and foregoing is a true and correct copy of the Resolution of the City adopted by the governing body on April 17, 2012, as the same appears of record in my office. DATED: April 17, 2012.

Clerk


NEW BUSINESS

E. CONSIDERATION OF REQUEST TO REDUCE CERTAIN FEES:

City Administrator / Community Development Director response to request

Isham-Alexander.L.L.C. Request


RECOMMENDED ACTION:

Staff recommends motion to APPROVE or DENY Isham-Alexander L.L.C. request as presented.


Date: April 17, 2012 To: City Council From: Joel Pile, City Manager Warren Utecht, Community Development Director RE: Letter from Isham-Alexander (Brad Isham) requesting a decrease in City building permit and sewer/water equity fees On April 5, 2012, Isham-Alexander submitted a request (see attached) to Joel Pile requesting the city consider a decrease in the cost of building permit fees and sewer/water equity fees because of the rising costs of building materials. Based a phone conversation, Brad Isham felt that he needs to maintain the selling price of his units, otherwise he is concerned that he may not be able to sell them. Under the City’s contract to provide the Sedgwick County inspection services, the City was required to adopt the Sedgwick County permit fees. For this fee structure to change or be applied differently, both the City and County would need to agree to such changes. Even if the City wanted to charge a lessor fee, the City would be required to petition Sedgwick County to amend the fee structure. The City staff does not feel the Sedgwick County Board would make fee adjustments because it would “open the door” for other requests of a similar nature. Brad Isham’s second request was to only require a twinplex lot to be assessed one sewer equity fee (2012 rate-$926.86) and one water equity fee (2012 rate-$567.58). In the past, the City has always charged these equity fees for each housing unit. Staff feels each unit should continue to be charged an equity fee because each unit has the typical plumbing fixtures (showers, toilets, sinks, dishwasher, and washing machine). The only difference between a duplex and a single family lot is that there are two separate living units that are attached on one lot. After Brad Isham sells his units, he splits them into two parcels. Staff believes it would be “un-equitable” to only charge a one family rate when a duplex has twice the impact on the water and sewer system. Carrying this further, Brad Isham will also be building triplex units in the future. Would that mean that only one equity fee would be required for a triplex? The City staff recommendation is not to change the present policy. The exception to this rule, which was approved by City Council in the past, is that a long-time city resident who has paid utility fees for years could, on a case by case basis, request the fee be waived if the buyer is moving from an existing home to a new home.


CONSENT AGENDA

A. REVENUE / EXPENSE FINANCIAL STATEMENTS for MARCH 2012

B. BAD DEBT / DELINQUENT ACCOUNTS REPORT for MARCH 2012:

C. WASTE MANAGEMENT QUARTLY REPORT

D. WASTE MANAGEMENT UPDATED COLLECTION SCHEDULE

RECOMMENDED ACTION:

Staff recommends motion to approve the Consent Agenda as presented.


CONSENT AGENDA

A. REVENUE and EXPENSE FINANCIAL SUMMARIES for MARCH 2012:

GENERAL FUND

EMPLOYEE BENEFITS FUND

LIBRARY

SPECIAL HIGHWAY

EMERGENCY EQUIPMENT RESERVE

BOND AND INTEREST

WATER OPERATING

STORMWATER UTILITY FUND

SOLID WASTE UTILITY

SEWER OPERATING



REVENUE & EXPENSE REPORT (UNAUDITED)


010-GENERAL FUND

FINANCIAL SUMMARY

CURRENT CURRENT PRIOR YEAR Y-T-D Y-T-D BUDGET % OF

BUDGET PERIOD PO ADJUST. ACTUAL ENCUMBRANCE BALANCE BUDGET

_____________________________________________________________________________________________________________________________________

REVENUE SUMMARY

TAXES 841,580.00 25,645.32 0.00 425,980.67 0.00 415,599.33 50.62

INTERGOVERNMENTAL 464,000.00 41,187.38 0.00 124,617.69 0.00 339,382.31 26.86

LICENSES & PERMITS 495,900.00 56,687.95 0.00 148,235.50 0.00 347,664.50 29.89

CHARGES FOR SERVICES 7,100.00 150.00 0.00 1,610.00 0.00 5,490.00 22.68

FINES & FORFEITURES 65,000.00 6,113.91 0.00 14,896.08 0.00 50,103.92 22.92

USE OF MONEY & PROPERTY 11,200.00 470.00 0.00 1,592.31 0.00 9,607.69 14.22

OTHER REVENUES 100,000.00 5.43 0.00 14,814.32 0.00 85,185.68 14.81

MISCELLANEOUS 145,000.00 235.00 0.00 760.00 0.00 144,240.00 0.52

MISCELLANEOUS 0.00 0.00 0.00 0.00 0.00 0.00 0.00

_____________________________________________________________________________________________________________________________________

TOTAL REVENUES 2,129,780.00 130,494.99 0.00 732,506.57 0.00 1,397,273.43 34.39

EXPENDITURE SUMMARY

ADMINISTRATION

PERSONNEL SERV. & BENEF. 233,000.00 20,535.59 0.00 60,483.05 0.00 172,516.95 25.96

CONTRACTUAL SERVICES 138,700.00 10,082.29 0.00 23,114.66 6.00 115,579.34 16.67

COMMODITIES 10,000.00 26.60 0.00 2,032.51 0.00 7,967.49 20.33

CAPITAL OUTLAY 12,500.00 359.00 0.00 359.00 0.00 12,141.00 2.87

OTHER COSTS/MISC. 135,000.00 38.80 0.00 78.49 0.00 134,921.51 0.06

DEBT SERVICE 0.00 0.00 0.00 0.00 0.00 0.00 0.00

MISCELLANEOUS 0.00 0.00 0.00 0.00 0.00 0.00 0.00

TOTAL ADMINISTRATION 529,200.00 31,042.28 0.00 86,067.71 6.00 443,126.29 16.26

LEGAL & MUNICIPAL COURT



COMMODITIES 850.00 15.99 0.00 31.98 0.00 818.02 3.76

CAPITAL OUTLAY 1,000.00 0.00 0.00 0.00 0.00 1,000.00 0.00

OTHER COSTS/MISC. 25,000.00 236.17 0.00 1,323.00 0.00 23,677.00 5.29

DEBT SERVICE 0.00 0.00 0.00 0.00 0.00 0.00 0.00

MISCELLANEOUS 0.00 0.00 0.00 0.00 0.00 0.00 0.00

TOTAL LEGAL & MUNICIPAL COURT 148,750.00 7,006.42 0.00 19,335.99 5.43 129,408.58 13.00

COMMUNITY DEVELOPMENT



COMMODITIES 1,200.00 71.96 0.00 887.86 0.00 312.14 73.99

CAPITAL OUTLAY 6,200.00 45.44 0.00 1,038.19 0.00 5,161.81 16.75

OTHER COSTS/MISC. 10,000.00 789.67 0.00 4,369.01 0.00 5,630.99 43.69

DEBT SERVICE 0.00 0.00 0.00 0.00 0.00 0.00 0.00

MISCELLANEOUS 0.00 0.00 0.00 0.00 0.00 0.00 0.00

TOTAL COMMUNITY DEVELOPMENT 110,400.00 8,793.38 0.00 28,820.57 129.95 81,449.48 26.22





010-GENERAL FUND

FINANCIAL SUMMARY



_____________________________________________________________________________________________________________________________________

POLICE



COMMODITIES 42,200.00 6,210.01 0.00 6,447.58 0.00 35,752.42 15.28

CAPITAL OUTLAY 12,500.00 2,405.89 0.00 4,919.81 0.00 7,580.19 39.36

OTHER COSTS/MISC. 0.00 0.00 0.00 0.00 0.00 0.00 0.00

DEBT SERVICE 0.00 0.00 0.00 0.00 0.00 0.00 0.00

MISCELLANEOUS 0.00 0.00 0.00 0.00 0.00 0.00 0.00

TOTAL POLICE 723,800.00 54,971.62 0.00 153,076.88 53.95 570,669.17 21.16

FIRE



COMMODITIES 5,200.00 471.87 0.00 625.63 0.00 4,574.37 12.03

CAPITAL OUTLAY 16,000.00 712.93 0.00 980.21 0.00 15,019.79 6.13

OTHER COSTS/MISC. 2,000.00 0.00 0.00 0.00 0.00 2,000.00 0.00

DEBT SERVICE 0.00 0.00 0.00 0.00 0.00 0.00 0.00

MISCELLANEOUS 0.00 0.00 0.00 0.00 0.00 0.00 0.00

TOTAL FIRE 185,750.00 12,202.75 0.00 39,164.02 15.80 146,570.18 21.09

EMERGENCY COMMUNICATIONS



COMMODITIES 700.00 56.65 0.00 56.65 0.00 643.35 8.09

CAPITAL OUTLAY 3,500.00 1,002.68 0.00 1,279.08 0.00 2,220.92 36.55

OTHER COSTS/MISC. 0.00 0.00 0.00 0.00 0.00 0.00 0.00

DEBT SERVICE 0.00 0.00 0.00 0.00 0.00 0.00 0.00

MISCELLANEOUS 0.00 0.00 0.00 0.00 0.00 0.00 0.00

TOTAL EMERGENCY COMMUNICATIONS 186,600.00 13,475.23 0.00 33,074.72 21.22 153,504.06 17.74

STREET

PERSONNEL SERV. & BENEF. 0.00 0.00 0.00 0.00 0.00 0.00 0.00

CONTRACTUAL SERVICES 0.00 0.00 0.00 0.00 0.00 0.00 0.00

COMMODITIES 0.00 0.00 0.00 0.00 0.00 0.00 0.00

CAPITAL OUTLAY 0.00 0.00 0.00 0.00 0.00 0.00 0.00

OTHER COSTS/MISC. 0.00 0.00 0.00 0.00 0.00 0.00 0.00

DEBT SERVICE 0.00 0.00 0.00 0.00 0.00 0.00 0.00

MISCELLANEOUS 0.00 0.00 0.00 0.00 0.00 0.00 0.00

TOTAL STREET 0.00 0.00 0.00 0.00 0.00 0.00 0.00

COMMUNITY BUILDING



COMMODITIES 0.00 0.00 0.00 0.00 0.00 0.00 0.00

CAPITAL OUTLAY 0.00 0.00 0.00 0.00 0.00 0.00 0.00

OTHER COSTS/MISC. 0.00 0.00 0.00 0.00 0.00 0.00 0.00

DEBT SERVICE 0.00 0.00 0.00 0.00 0.00 0.00 0.00

MISCELLANEOUS 0.00 0.00 0.00 0.00 0.00 0.00 0.00

TOTAL COMMUNITY BUILDING 0.00 0.00 0.00 0.00 0.00 0.00 0.00





010-GENERAL FUND

FINANCIAL SUMMARY



_____________________________________________________________________________________________________________________________________

SWIMMING POOL



COMMODITIES 0.00 0.00 0.00 0.00 0.00 0.00 0.00

CAPITAL OUTLAY 0.00 0.00 0.00 0.00 5,604.79 ( 5,604.79) 0.00

OTHER COSTS/MISC. 0.00 0.00 0.00 0.00 0.00 0.00 0.00

DEBT SERVICE 0.00 0.00 0.00 0.00 0.00 0.00 0.00

MISCELLANEOUS 0.00 0.00 0.00 0.00 0.00 0.00 0.00

TOTAL SWIMMING POOL 0.00 0.00 0.00 0.00 5,604.79 ( 5,604.79) 0.00

PARKS AND PUBLIC GROUNDS



COMMODITIES 35,900.00 1,167.34 0.00 2,073.64 0.00 33,826.36 5.78

CAPITAL OUTLAY 41,000.00 3,345.12 0.00 3,729.02 0.00 37,270.98 9.10

OTHER COSTS/MISC. 19,300.00 0.00 0.00 0.00 0.00 19,300.00 0.00

DEBT SERVICE 0.00 0.00 0.00 0.00 0.00 0.00 0.00

MISCELLANEOUS 0.00 0.00 0.00 0.00 0.00 0.00 0.00

TOTAL PARKS AND PUBLIC GROUNDS 354,200.00 25,814.43 0.00 55,982.25 0.00 298,217.75 15.81

ENVIRONMENTAL SERVICES


CONTRACTUAL SERVICES 13,100.00 568.08 0.00 1,725.93 15.80 11,358.27 13.30

COMMODITIES 3,200.00 457.08 0.00 457.08 0.00 2,742.92 14.28

CAPITAL OUTLAY 2,000.00 0.00 0.00 0.00 0.00 2,000.00 0.00

OTHER COSTS/MISC. 0.00 0.00 0.00 0.00 0.00 0.00 0.00

DEBT SERVICE 0.00 0.00 0.00 0.00 0.00 0.00 0.00

MISCELLANEOUS 0.00 0.00 0.00 0.00 0.00 0.00 0.00

TOTAL ENVIRONMENTAL SERVICES 58,800.00 4,114.68 0.00 11,020.02 15.80 47,764.18 18.77

PUBLIC BUILDING



COMMODITIES 0.00 0.00 0.00 0.00 0.00 0.00 0.00

CAPITAL OUTLAY 0.00 0.00 0.00 0.00 0.00 0.00 0.00

OTHER COSTS/MISC. 0.00 0.00 0.00 0.00 0.00 0.00 0.00

DEBT SERVICE 0.00 0.00 0.00 0.00 0.00 0.00 0.00

MISCELLANEOUS 0.00 0.00 0.00 0.00 0.00 0.00 0.00

TOTAL PUBLIC BUILDING 0.00 0.00 0.00 0.00 0.00 0.00 0.00

CEMETERY



COMMODITIES 0.00 0.00 0.00 0.00 0.00 0.00 0.00

CAPITAL OUTLAY 0.00 0.00 0.00 0.00 0.00 0.00 0.00

OTHER COSTS/MISC. 0.00 0.00 0.00 0.00 0.00 0.00 0.00

DEBT SERVICE 0.00 0.00 0.00 0.00 0.00 0.00 0.00

MISCELLANEOUS 0.00 0.00 0.00 0.00 0.00 0.00 0.00

TOTAL CEMETERY 0.00 0.00 0.00 0.00 0.00 0.00 0.00





010-GENERAL FUND

FINANCIAL SUMMARY



_____________________________________________________________________________________________________________________________________

PUBLIC WKS STORAGE BLDG



COMMODITIES 0.00 0.00 0.00 0.00 0.00 0.00 0.00

CAPITAL OUTLAY 0.00 0.00 0.00 0.00 0.00 0.00 0.00

OTHER COSTS/MISC. 0.00 0.00 0.00 0.00 0.00 0.00 0.00

DEBT SERVICE 0.00 0.00 0.00 0.00 0.00 0.00 0.00

MISCELLANEOUS 0.00 0.00 0.00 0.00 0.00 0.00 0.00

TOTAL PUBLIC WKS STORAGE BLDG 0.00 0.00 0.00 0.00 0.00 0.00 0.00

_____________________________________________________________________________________________________________________________________

TOTAL EXPENDITURES 2,297,500.00 157,420.79 0.00 426,542.16 5,852.94 1,865,104.90 18.82

** REVENUE OVER(UNDER) EXPENDITURES *( 167,720.00)( 26,925.80) 0.00 305,964.41 ( 5,852.94)( 467,831.47) 178.94-

OTHER FINANCING (USES) 0.00 0.00 0.00 0.00 0.00 0.00 0.00

NET OTHER SOURCES/(USES) 0.00 0.00 0.00 0.00 0.00 0.00

_____________________________________________________________________________________________________________________________________

REVENUE & OTHER SOURCES OVER/

(UNDER) EXPENDITURES & OTHER (USES) ( 167,720.00)( 26,925.80) 0.00 305,964.41 ( 5,852.94)( 467,831.47) 178.94-





110-EMPLOYEE BENEFITS

FINANCIAL SUMMARY



_____________________________________________________________________________________________________________________________________

REVENUE SUMMARY

TAXES 629,830.00 17,295.07 0.00 318,167.20 0.00 311,662.80 50.52

USE OF MONEY & PROPERTY 0.00 0.00 0.00 0.00 0.00 0.00 0.00

OTHER REVENUES 15,000.00 0.00 0.00 0.00 0.00 15,000.00 0.00

MISCELLANEOUS 0.00 0.00 0.00 0.00 0.00 0.00 0.00

MISCELLANEOUS 0.00 0.00 0.00 0.00 0.00 0.00 0.00

_____________________________________________________________________________________________________________________________________

TOTAL REVENUES 644,830.00 17,295.07 0.00 318,167.20 0.00 326,662.80 49.34

EXPENDITURE SUMMARY

NON-DEPARTMENTAL



COMMODITIES 0.00 0.00 0.00 0.00 0.00 0.00 0.00

CAPITAL OUTLAY 0.00 0.00 0.00 0.00 0.00 0.00 0.00

OTHER COSTS/MISC. 20,000.00 0.00 0.00 0.00 0.00 20,000.00 0.00

DEBT SERVICE 0.00 0.00 0.00 0.00 0.00 0.00 0.00

MISCELLANEOUS 0.00 0.00 0.00 0.00 0.00 0.00 0.00

TOTAL NON-DEPARTMENTAL 657,000.00 38,387.51 0.00 155,723.13 0.00 501,276.87 23.70

ADMINISTRATION



COMMODITIES 0.00 0.00 0.00 0.00 0.00 0.00 0.00

CAPITAL OUTLAY 0.00 0.00 0.00 0.00 0.00 0.00 0.00

OTHER COSTS/MISC. 0.00 0.00 0.00 0.00 0.00 0.00 0.00

DEBT SERVICE 0.00 0.00 0.00 0.00 0.00 0.00 0.00

MISCELLANEOUS 0.00 0.00 0.00 0.00 0.00 0.00 0.00

TOTAL ADMINISTRATION 0.00 0.00 0.00 0.00 0.00 0.00 0.00

_____________________________________________________________________________________________________________________________________

TOTAL EXPENDITURES 657,000.00 38,387.51 0.00 155,723.13 0.00 501,276.87 23.70

** REVENUE OVER(UNDER) EXPENDITURES *( 12,170.00)( 21,092.44) 0.00 162,444.07 0.00 ( 174,614.07) 1,334.79-



_____________________________________________________________________________________________________________________________________


(UNDER) EXPENDITURES & OTHER (USES) ( 12,170.00)( 21,092.44) 0.00 162,444.07 0.00 ( 174,614.07) 1,334.79-





140-LIBRARY

FINANCIAL SUMMARY



_____________________________________________________________________________________________________________________________________

REVENUE SUMMARY

TAXES 229,840.00 6,277.87 0.00 116,426.33 0.00 113,413.67 50.66


_____________________________________________________________________________________________________________________________________

TOTAL REVENUES 229,840.00 6,277.87 0.00 116,426.33 0.00 113,413.67 50.66

EXPENDITURE SUMMARY

NON-DEPARTMENTAL

OTHER COSTS/MISC. 229,300.00 0.00 0.00 110,148.46 0.00 119,151.54 48.04

DEBT SERVICE 0.00 0.00 0.00 0.00 0.00 0.00 0.00

MISCELLANEOUS 0.00 0.00 0.00 0.00 0.00 0.00 0.00

TOTAL NON-DEPARTMENTAL 229,300.00 0.00 0.00 110,148.46 0.00 119,151.54 48.04

ADMINISTRATION

CAPITAL OUTLAY 0.00 0.00 0.00 0.00 0.00 0.00 0.00

OTHER COSTS/MISC. 0.00 0.00 0.00 0.00 0.00 0.00 0.00

DEBT SERVICE 0.00 0.00 0.00 0.00 0.00 0.00 0.00

MISCELLANEOUS 0.00 0.00 0.00 0.00 0.00 0.00 0.00


_____________________________________________________________________________________________________________________________________

TOTAL EXPENDITURES 229,300.00 0.00 0.00 110,148.46 0.00 119,151.54 48.04

** REVENUE OVER(UNDER) EXPENDITURES ** 540.00 6,277.87 0.00 6,277.87 0.00 ( 5,737.87) 1,162.57



_____________________________________________________________________________________________________________________________________


(UNDER) EXPENDITURES & OTHER (USES) 540.00 6,277.87 0.00 6,277.87 0.00 ( 5,737.87) 1,162.57





150-SPECIAL HIGHWAY

FINANCIAL SUMMARY



_____________________________________________________________________________________________________________________________________

REVENUE SUMMARY

TAXES 0.00 0.00 0.00 0.00 0.00 0.00 0.00

INTERGOVERNMENTAL 713,860.00 61,005.97 0.00 188,361.24 0.00 525,498.76 26.39


OTHER REVENUES 0.00 0.00 0.00 110.00 0.00 ( 110.00) 0.00

MISCELLANEOUS 101,000.00 0.00 0.00 0.00 0.00 101,000.00 0.00

_____________________________________________________________________________________________________________________________________

TOTAL REVENUES 814,860.00 61,005.97 0.00 188,471.24 0.00 626,388.76 23.13

EXPENDITURE SUMMARY

NON-DEPARTMENTAL



COMMODITIES 79,800.00 7,471.83 0.00 12,785.90 0.00 67,014.10 16.02

CAPITAL OUTLAY 443,500.00 0.00 0.00 20,027.00 0.00 423,473.00 4.52

OTHER COSTS/MISC. 26,000.00 0.00 0.00 0.00 0.00 26,000.00 0.00

DEBT SERVICE 10,000.00 0.00 0.00 0.00 0.00 10,000.00 0.00

MISCELLANEOUS 0.00 0.00 0.00 0.00 0.00 0.00 0.00


_____________________________________________________________________________________________________________________________________


** REVENUE OVER(UNDER) EXPENDITURES *( 11,540.00) 36,068.60 0.00 100,017.54 0.00 ( 111,557.54) 866.70-



_____________________________________________________________________________________________________________________________________


(UNDER) EXPENDITURES & OTHER (USES) ( 11,540.00) 36,068.60 0.00 100,017.54 0.00 ( 111,557.54) 866.70-





160-EMERGENCY EQUIPMENT

FINANCIAL SUMMARY



_____________________________________________________________________________________________________________________________________

REVENUE SUMMARY

TAXES 49,580.00 1,369.89 0.00 25,104.63 0.00 24,475.37 50.63

OTHER REVENUES 0.00 0.00 0.00 1,000.00 0.00 ( 1,000.00) 0.00

_____________________________________________________________________________________________________________________________________

TOTAL REVENUES 49,580.00 1,369.89 0.00 26,104.63 0.00 23,475.37 52.65

EXPENDITURE SUMMARY

NON-DEPARTMENTAL

CAPITAL OUTLAY 72,000.00 0.00 0.00 42,629.70 0.00 29,370.30 59.21

OTHER COSTS/MISC. 0.00 0.00 0.00 0.00 0.00 0.00 0.00

DEBT SERVICE 0.00 0.00 0.00 0.00 0.00 0.00 0.00

MISCELLANEOUS 0.00 0.00 0.00 0.00 0.00 0.00 0.00


_____________________________________________________________________________________________________________________________________


** REVENUE OVER(UNDER) EXPENDITURES *( 22,420.00) 1,369.89 0.00 ( 16,525.07) 0.00 ( 5,894.93) 73.71



_____________________________________________________________________________________________________________________________________


(UNDER) EXPENDITURES & OTHER (USES) ( 22,420.00) 1,369.89 0.00 ( 16,525.07) 0.00 ( 5,894.93) 73.71





410-BOND & INTEREST

FINANCIAL SUMMARY



_____________________________________________________________________________________________________________________________________

REVENUE SUMMARY

TAXES 839,390.00 20,686.75 0.00 437,335.69 0.00 402,054.31 52.10

USE OF MONEY & PROPERTY 2,500.00 0.00 0.00 81.22 0.00 2,418.78 3.25

OTHER REVENUES 796,000.00 50,341.24 0.00 446,390.64 0.00 349,609.36 56.08

MISCELLANEOUS 0.00 0.00 0.00 0.00 0.00 0.00 0.00

MISCELLANEOUS 0.00 0.00 0.00 0.00 0.00 0.00 0.00

MISC TRANSFERS 30,000.00 0.00 0.00 0.00 0.00 30,000.00 0.00

MISC TRANSFERS 180,500.00 0.00 0.00 0.00 0.00 180,500.00 0.00

_____________________________________________________________________________________________________________________________________

TOTAL REVENUES 1,848,390.00 71,027.99 0.00 883,807.55 0.00 964,582.45 47.81

EXPENDITURE SUMMARY

NON-DEPARTMENTAL

CONTRACTUAL SERVICES 5,000.00 0.00 0.00 0.00 0.00 5,000.00 0.00

COMMODITIES 0.00 0.00 0.00 0.00 0.00 0.00 0.00

CAPITAL OUTLAY 111,300.00 0.00 0.00 0.00 0.00 111,300.00 0.00

OTHER COSTS/MISC. 60,000.00 0.00 0.00 0.00 0.00 60,000.00 0.00

DEBT SERVICE 1,655,300.00 0.00 0.00 0.00 0.00 1,655,300.00 0.00

MISCELLANEOUS 0.00 0.00 0.00 0.00 0.00 0.00 0.00

TOTAL NON-DEPARTMENTAL 1,831,600.00 0.00 0.00 0.00 0.00 1,831,600.00 0.00

ADMINISTRATION

CAPITAL OUTLAY 0.00 0.00 0.00 0.00 0.00 0.00 0.00

OTHER COSTS/MISC. 0.00 0.00 0.00 0.00 0.00 0.00 0.00

DEBT SERVICE 0.00 0.00 0.00 0.00 0.00 0.00 0.00

MISCELLANEOUS 0.00 0.00 0.00 0.00 0.00 0.00 0.00


_____________________________________________________________________________________________________________________________________

TOTAL EXPENDITURES 1,831,600.00 0.00 0.00 0.00 0.00 1,831,600.00 0.00

** REVENUE OVER(UNDER) EXPENDITURES ** 16,790.00 71,027.99 0.00 883,807.55 0.00 ( 867,017.55) 5,263.89

OTHER FINANCING SOURCES 180,500.00 0.00 0.00 0.00 0.00 180,500.00 0.00


NET OTHER SOURCES/(USES) 180,500.00 0.00 0.00 0.00 180,500.00 0.00

_____________________________________________________________________________________________________________________________________


(UNDER) EXPENDITURES & OTHER (USES) 197,290.00 71,027.99 0.00 883,807.55 0.00 ( 686,517.55) 447.97





610-WATER OPERATING

FINANCIAL SUMMARY



_____________________________________________________________________________________________________________________________________

REVENUE SUMMARY

TAXES 0.00 0.00 0.00 0.00 0.00 0.00 0.00

CHARGES FOR SERVICES 1,100,000.00 94,766.36 0.00 302,296.50 0.00 797,703.50 27.48

USE OF MONEY & PROPERTY 1,000.00 0.00 0.00 0.00 0.00 1,000.00 0.00

OTHER REVENUES 0.00 0.00 0.00 27,435.75 0.00 ( 27,435.75) 0.00

MISCELLANEOUS 0.00 0.00 0.00 0.00 0.00 0.00 0.00

_____________________________________________________________________________________________________________________________________

TOTAL REVENUES 1,101,000.00 94,766.36 0.00 329,732.25 0.00 771,267.75 29.95

EXPENDITURE SUMMARY

NON-DEPARTMENTAL



COMMODITIES 39,000.00 3,886.32 0.00 5,231.71 0.00 33,768.29 13.41

CAPITAL OUTLAY 49,000.00 0.00 0.00 0.00 0.00 49,000.00 0.00

OTHER COSTS/MISC. 294,230.00 0.00 0.00 0.00 0.00 294,230.00 0.00

DEBT SERVICE 0.00 0.00 0.00 0.00 0.00 0.00 0.00

MISCELLANEOUS 0.00 0.00 0.00 0.00 0.00 0.00 0.00

TOTAL NON-DEPARTMENTAL 1,245,430.00 57,365.94 0.00 154,542.29 0.00 1,090,887.71 12.41

ADMINISTRATION

CAPITAL OUTLAY 0.00 0.00 0.00 0.00 0.00 0.00 0.00

OTHER COSTS/MISC. 0.00 0.00 0.00 0.00 0.00 0.00 0.00

DEBT SERVICE 0.00 0.00 0.00 0.00 0.00 0.00 0.00

MISCELLANEOUS 0.00 0.00 0.00 0.00 0.00 0.00 0.00


_____________________________________________________________________________________________________________________________________

TOTAL EXPENDITURES 1,245,430.00 57,365.94 0.00 154,542.29 0.00 1,090,887.71 12.41

** REVENUE OVER(UNDER) EXPENDITURES *( 144,430.00) 37,400.42 0.00 175,189.96 0.00 ( 319,619.96) 121.30-



_____________________________________________________________________________________________________________________________________


(UNDER) EXPENDITURES & OTHER (USES) ( 144,430.00) 37,400.42 0.00 175,189.96 0.00 ( 319,619.96) 121.30-





612-STORMWATER UTILITY FUND

FINANCIAL SUMMARY



_____________________________________________________________________________________________________________________________________

REVENUE SUMMARY


OTHER REVENUES 56,000.00 5,754.80 0.00 6,459.80 0.00 49,540.20 11.54

MISCELLANEOUS 0.00 0.00 0.00 0.00 0.00 0.00 0.00

_____________________________________________________________________________________________________________________________________

TOTAL REVENUES 56,000.00 5,754.80 0.00 6,459.80 0.00 49,540.20 11.54

EXPENDITURE SUMMARY

NON-DEPARTMENTAL


CONTRACTUAL SERVICES 25,000.00 204.61 0.00 1,235.74 0.00 23,764.26 4.94

COMMODITIES 0.00 12.66 0.00 12.66 0.00 ( 12.66) 0.00

CAPITAL OUTLAY 0.00 0.00 0.00 0.00 0.00 0.00 0.00

OTHER COSTS/MISC. 22,500.00 0.00 0.00 0.00 0.00 22,500.00 0.00

DEBT SERVICE 0.00 0.00 0.00 0.00 0.00 0.00 0.00

MISCELLANEOUS 0.00 0.00 0.00 0.00 0.00 0.00 0.00


_____________________________________________________________________________________________________________________________________


** REVENUE OVER(UNDER) EXPENDITURES ** 8,500.00 5,537.53 0.00 5,211.40 0.00 3,288.60 61.31



_____________________________________________________________________________________________________________________________________


(UNDER) EXPENDITURES & OTHER (USES) 8,500.00 5,537.53 0.00 5,211.40 0.00 3,288.60 61.31





613-SOLID WASTE UTILITY

FINANCIAL SUMMARY



_____________________________________________________________________________________________________________________________________

REVENUE SUMMARY

CHARGES FOR SERVICES 337,000.00 31,137.86 0.00 92,200.72 0.00 244,799.28 27.36

OTHER REVENUES 0.00 0.00 0.00 0.00 0.00 0.00 0.00

MISCELLANEOUS 0.00 36.00 0.00 104.00 0.00 ( 104.00) 0.00

_____________________________________________________________________________________________________________________________________

TOTAL REVENUES 337,000.00 31,173.86 0.00 92,304.72 0.00 244,695.28 27.39

EXPENDITURE SUMMARY

NON-DEPARTMENTAL



COMMODITIES 0.00 0.00 0.00 0.00 0.00 0.00 0.00

CAPITAL OUTLAY 9,000.00 0.00 0.00 0.00 0.00 9,000.00 0.00

OTHER COSTS/MISC. 0.00 0.00 0.00 0.00 0.00 0.00 0.00

DEBT SERVICE 0.00 0.00 0.00 0.00 0.00 0.00 0.00

MISCELLANEOUS 0.00 0.00 0.00 0.00 0.00 0.00 0.00


_____________________________________________________________________________________________________________________________________


** REVENUE OVER(UNDER) EXPENDITURES ** 37,100.00 3,529.70 0.00 9,590.11 0.00 27,509.89 25.85



_____________________________________________________________________________________________________________________________________


(UNDER) EXPENDITURES & OTHER (USES) 37,100.00 3,529.70 0.00 9,590.11 0.00 27,509.89 25.85





620-SEWER OPERATING

FINANCIAL SUMMARY



_____________________________________________________________________________________________________________________________________

REVENUE SUMMARY

TAXES 0.00 0.00 0.00 0.00 0.00 0.00 0.00

CHARGES FOR SERVICES 1,008,000.00 81,604.55 0.00 238,995.08 0.00 769,004.92 23.71


OTHER REVENUES 3,500.00 200.00 0.00 400.00 0.00 3,100.00 11.43

MISCELLANEOUS 0.00 0.00 0.00 0.00 0.00 0.00 0.00

_____________________________________________________________________________________________________________________________________

TOTAL REVENUES 1,011,700.00 81,804.55 0.00 239,395.08 0.00 772,304.92 23.66

EXPENDITURE SUMMARY

NON-DEPARTMENTAL


CONTRACTUAL SERVICES 304,100.00 19,536.13 0.00 31,629.39 1,500.00 270,970.61 10.89

COMMODITIES 27,200.00 2,570.38 0.00 3,592.19 0.00 23,607.81 13.21

CAPITAL OUTLAY 19,000.00 3,566.24 0.00 3,566.24 0.00 15,433.76 18.77

OTHER COSTS/MISC. 449,500.00 0.00 0.00 114,250.00 0.00 335,250.00 25.42

DEBT SERVICE 0.00 0.00 0.00 0.00 0.00 0.00 0.00

MISCELLANEOUS 0.00 0.00 0.00 0.00 0.00 0.00 0.00

TOTAL NON-DEPARTMENTAL 1,039,600.00 35,952.55 0.00 195,547.74 1,500.00 842,552.26 18.95

ADMINISTRATION

CAPITAL OUTLAY 0.00 0.00 0.00 0.00 0.00 0.00 0.00

OTHER COSTS/MISC. 0.00 0.00 0.00 0.00 0.00 0.00 0.00

DEBT SERVICE 0.00 0.00 0.00 0.00 0.00 0.00 0.00

MISCELLANEOUS 0.00 0.00 0.00 0.00 0.00 0.00 0.00


_____________________________________________________________________________________________________________________________________

TOTAL EXPENDITURES 1,039,600.00 35,952.55 0.00 195,547.74 1,500.00 842,552.26 18.95

** REVENUE OVER(UNDER) EXPENDITURES *( 27,900.00) 45,852.00 0.00 43,847.34 ( 1,500.00)( 70,247.34) 151.78-



_____________________________________________________________________________________________________________________________________


(UNDER) EXPENDITURES & OTHER (USES) ( 27,900.00) 45,852.00 0.00 43,847.34 ( 1,500.00)( 70,247.34) 151.78-


CONSENT AGENDA

B. BAD DEBT / DELINQUENT ACCOUNTS REPORT:

March 2012


4/04/2012 10:43 AM A C C O U N T A G I N G R E P O R T PAGE: 1

ZONE: ALL CONTRACTS: NO

STAT: All

START DATES: 0/00/0000 THRU 99/99/9999

LAST BILL DATES: 0/00/0000 THRU 99/99/9999

FINAL DATES: 3/01/2012 THRU 3/31/2012

ACCOUNT NO# --------- NAME --------- LAST PAY ST --CURRENT-- +1 MONTHS +2 MONTHS +3 MONTHS +4 MONTHS --BALANCE--__

01-0068-06 BONEBRAKE, DEBORAH 2/09/2012 F 26.84 27.39 76.90 131.13

====================================================================================================================================

**** BOOK # :0001 TOTAL ACCOUNTS: 1 26.84 27.39 76.90 0.00 0.00 131.13

====================================================================================================================================

02-0050-12 BEBOUT, RYAN 2/16/2012 F 50.79 67.59 47.85 166.23

02-0075-01 TRUMAN, JARROD 3/05/2012 F 84.67 84.67

====================================================================================================================================


====================================================================================================================================

04-0077-14 HERRMAN, ROCKY 3/19/2012 F 72.63 72.63

====================================================================================================================================


====================================================================================================================================

====================================================================================================================================


====================================================================================================================================

06-0021-91 WILSON, TRICIA 2/03/2012 F 41.34 56.45 97.79

06-0025-06 WEBB, BOB 3/05/2012 F 79.91 79.91

====================================================================================================================================


====================================================================================================================================

08-0065-01 CRAGER, KELEE 3/20/2012 F 82.95 82.95

====================================================================================================================================


====================================================================================================================================

09-0089-01 KUCHARO, RYAN 3/12/2012 F 91.24 91.24

====================================================================================================================================


====================================================================================================================================

====================================================================================================================================


====================================================================================================================================



ZONE: ALL CONTRACTS: NO

STAT: All

START DATES: 0/00/0000 THRU 99/99/9999

LAST BILL DATES: 0/00/0000 THRU 99/99/9999

FINAL DATES: 3/01/2012 THRU 3/31/2012

ACCOUNT NO# --------- NAME --------- LAST PAY ST --CURRENT-- +1 MONTHS +2 MONTHS +3 MONTHS +4 MONTHS --BALANCE--__

11-0100-01 MASCHINO, BRIAN 12/22/2010 F 0.60 0.60

11-0100-05 JASO, CHRISTINA 3/15/2012 F 44.14 44.14

====================================================================================================================================


====================================================================================================================================

12-0089-01 SHOCKLEY, JENNIFER 2/01/2012 F 66.31 115.60 118.09 300.00

====================================================================================================================================


====================================================================================================================================

13-0101-01 KILE, LOUISE 3/12/2012 F 41.99 41.99

13-0112-00 CANADAY, PAT & JEAN 3/15/2012 D 82.03 82.03

====================================================================================================================================


====================================================================================================================================

14-0083-00 KING, MARIA 1/16/2012 F 76.70 70.89 100.37 78.64 326.60

====================================================================================================================================


====================================================================================================================================

18-0006-01 DOCTORMAN, JOE 2/24/2012 D 1.00CR 1.00CR

18-0117-00 SAXTON, JACKIE 3/12/2012 F 46.92 46.92

====================================================================================================================================


====================================================================================================================================

80-0145-01 PASSOW, KATRINA 10/04/2011 F 38.42 27.96 39.76 14.25 120.39

80-0409-00 DINGMAN, CRAIG & TERESA 3/06/2012 F 13.20CR 13.20CR

====================================================================================================================================

**** BOOK # :0080 TOTAL ACCOUNTS: 2 13.20CR 38.42 27.96 39.76 14.25 107.19

====================================================================================================================================

====================================================================================================================================

**REPORT TOTALS** TOTAL ACCOUNTS: 18 874.26 376.34 371.17 118.40 14.85 1755.02

====================================================================================================================================



=========== R E P O R T T O T A L S ===========

REVENUE CODE: --CURRENT-- +1 MONTHS +2 MONTHS +3 MONTHS +4 MONTHS --BALANCE--__

100-WATER 447.87 64.98 78.30 23.50 0.26 614.91

200-SEWER 504.46 165.81 139.61 27.54 0.34 837.76

300-PROT 0.73 0.11 0.14 0.03 0.00 1.01

400-RECONNECT FEE 0.00 41.98 52.71 24.39 5.92 125.00

500-CONNECTION FEE 25.00CR 14.64 10.36 0.00 0.00 0.00

600-STORMWATER UTILITY FEE 22.00 4.12 3.19 4.27 1.42 35.00

610-SOLID WASTE 13.42 60.91 63.12 30.24 6.30 173.99

850-PENALTY 0.00 23.79 23.74 8.43 0.61 56.57

996-Unapplied Credits 89.22CR 0.00 0.00 0.00 0.00 89.22CR

TOTALS 874.26 376.34 371.17 118.40 14.85 1755.02

TOTAL REVENUE CODES: 1,755.02

TOTAL ACCOUNT BALANCE 1,755.02

DIFFERENCE: 0.00

ERRORS: 000



SELECTION CRITERIA

------------------------------------------------------------------------------------------------------------------------------------

REPORT OPTIONS

ZONE: * - All

ACCOUNT STATUS: ALL

CUSTOMER CLASS: ALL

COMMENT CODES: All

------------------------------------------------------------------------------------------------------------------------------------

BALANCE SELECTION

SELECTION: ALL

RANGE: 9999999.99CR THRU 9999999.99

AGES TO TEST: ALL

INCLUDE ZERO BALANCES: Do Not Include

------------------------------------------------------------------------------------------------------------------------------------

DATE SELECTION

CUSTOMER DATES: YES

START DATE: 0/00/0000 THRU 99/99/9999

LAST BILL DATE: 0/00/0000 THRU 99/99/9999

FINAL DATE: 3/01/2012 THRU 3/31/2012

------------------------------------------------------------------------------------------------------------------------------------

TRANSACTION DETAIL

PRINT TRANSACTION DETAIL: NO

OLDEST TRANSACTION DATE: 99/99/9999

------------------------------------------------------------------------------------------------------------------------------------

PRINT OPTION

TOTALS ONLY: NO

CONTRACTS: NO

PRINT SEQUENCE: ACCOUNT NUMBER

COMMENT CODES: None

*** END OF REPORT ***


CONSENT AGENDA

C. WASTE MANAGEMENT QUARTERLY REPORT:

January 1, 2012 – March 31, 2012


CONSENT AGENDA

D. WASTE MANAGEMENT UPDATED COLLECTION SCHEDULE:


STAFF REPORTS

A. City Clerk Polian

B. Chief of Police Hephner

Police Department March 2012 Report

Municipal Court March 2012 Report

C. Fire Chief Tormey

Fire Department March 2012 Report

D. Community Development Director Utecht

Code Enforcement March 2012 Report

E. City Superintendent Dunn

F. Parks & Public Buildings Superintendent Owings

Work Journal – Completed Tasks & Projects

G. City Engineer Kelsey

H. City Attorney Arbuckle

I. City Administrator Pile


Officer’s Report April 8, 2012 Chief Mark V. Hephner #1 Attention: Joel Pile City Administrator Valley Center Kansas Subject: Valley Center Police March Monthly Report The Police Department answered 245 calls for service during March 2012. Of those calls, 57 generated police cases. Emergency Communications/Records recorded 90 Fire Department calls for service, 92 records dissemination requests, 1845 telephone calls and 116 citizen contacts. The following is a break down of the police department cases: Calls for Service: Nine 911 hang-ups; two abandoned vehicle call; eight alarm calls; five animal calls; five assist citizen/motorist calls; eighteen EMS calls; ten assist fire calls; thirty assist other agency calls; one dog bite report; three burglary cases; two criminal damage to property cases; two check business/residence calls; one check shots fired call; eight check the welfare calls; seven disorderly conduct/disturbance calls; two driving/parking complaints; five DUI cases; three DV cases; one forgery case; seventeen found property cases; two fraud cases; three funeral escorts; three harassment/phone call complaints; one illegal dumping case; one lost tag report; One loud noise complaint; nineteen misc reports; nine non injury accidents; two runaway reports; fourteen suspicious activity/persons/vehicle calls; eleven theft cases; one trespass warning; one vendor violation call; four warrants served and one worthless check case. Officers wrote thirty-nine citations for fifty-four violations during the month. During the month of March, Sedgwick County Emergency 911 Dispatch covered for the City of Valley Center 96 hours. The chief attended the monthly Chief’s Meeting on February 15. Kansas Attorney General Schmidt spoke at the meeting. He attended a Wichita Area Law Enforcement Society lunch on March 6. He met with Kim Pennington from Sedgwick County 911 on March 9 regarding our recent switch to CAD. He attended the monthly Chamber meeting on March 20. He attended the two City Council meeting during the month. He attended two Lion’s Club meetings during the month. During the month, Detective Sergeant Lloyd Newman II completed the monthly fuel report. He along with Sgt Vogt supervised Municipal Court sessions during the month. He continues to promote Nixle for communications to the public. He wrote one Customer Service Award for an officer. Sgt Vogt attended an Operation Impact Meeting on March 7. He updated the school disaster plans with Mr. White from the school district. Sgt Vogt assisted the Railroad with Officer On the Train enforcement efforts. He attended Operation Lifesaver Meeting in Topeka on March 22.


Detective Grayson assisted Newton PD and Derby on connecting cases. He also worked with KBI, Harvey County SO, KHP, Sedgwick County SO, Sedgwick County Chief Investigator and Deputy Chief Attorney on the officer involved shooting case. He worked one death case and went to an autopsy on the case. He wrote one inquisition, one subpoena and two affidavits. Training: A Storm Spotter Meeting was held at City Hall on March 5. Lead Dispatcher Tedesco and Sgt Newman attended records training in Andover. Sgt Newman and Officer Adams attended training-The Five Requisites for Successful Supervision. The several department members attended a CPR recertification. Community Outreach Programs: The cadets had their monthly meeting with Officer Easley. The chief, Sgt Newman, Sgt Vogt and Detective Grayson assisted with an Intruder Drill on March 14. Sgt Newman sent out two weather advisories on Nixle alerts. Response Times Average: Priority calls-4 minutes Non-priority calls (Report calls)-7 minutes Miscellaneous items: A representative from the State came in and reviewed all information regarding grants on March 5. The chief, Sgt Newman, Sgt Vogt and Detective Grayson met with the Sedgwick and Harvey County DA’s regarding charges on the Officer Involved shooting/Felony pursuit case. Officer Crice received a Customer Service Award for her efforts assisting EMS on a call. The Chief, Sgt Newman and Sgt Vogt attended a meeting with Rick White from the school district regarding traffic issues. Sgt Vogt and Officer Schrag worked for several days setting up the new police vehicles with sirens, lights, cage etc.

Chief Mark Hephner Valley Center Police Chief

April 8, 2012


MUNICIPAL COURT MARCH 2012 REPORT

4/02/12 9:24 AM VALLEY CENTER MUNICIPAL COURT FDKSRPT Page: 18 Court Dates: 3/14/2012 06:00 PM thru 3/14/2012 07:30 PM Judge.....: GREG KEITH Court Clerk: BRENDA HIPPS Prosecutor: BARRY ARBUCKLE Bailiff....: Statuses..: Include All Cases 67 TOTAL CASES 50 TOTAL PERSONS 8 CASES WITH NO STATUS CHG. 5 CONTINUED TO NEW DATE 10 CONTINUED 3 DISMISSED WITHOUT PREJUDICE 4 SENTENCING TO NEW DATE 1 SENTENCING 2 WARRANT ISSUED 3 TRIAL TO NEW DATE 4 TRIAL 6 EXTENSION OF TIME TO PAY 1 REVIEW HEARING 8 FINALIZED - FOUND GUILTY 4 LATE NOTICE 1 DIVERSION 5 PAYMENT PLAN 2 DISMISSED/PRESENTED INSURANCE

4/02/12 9:31 AM VALLEY CENTER MUNICIPAL COURT FDKSRPT Page: 13 Court Dates: 3/28/2012 06:00 PM thru 3/28/2012 07:30 PM Judge.....: GREG KEITH Court Clerk: BRENDA HIPPS Prosecutor: BARRY ARBUCKLE Bailiff....: Statuses: Include All Cases 50 TOTAL CASES 32 TOTAL PERSONS 3 CASES WITH NO STATUS CHG. 3 TRIAL TO NEW DATE 1 TRIAL 6 CONTINUED TO NEW DATE 10 CONTINUED 6 EXTENSION OF TIME TO PAY 1 REVIEW HEARING 7 DISMISSED WITHOUT PREJUDICE 4 FINALIZED - FOUND GUILTY 2 INITIAL APPEARANCE TO NEW DATE 4 DISMISSED/PRESENTED INSURANCE 3 PAYMENT PLAN


March 2012 Activity Report

The Fire Department responded to 93 calls for service in March; these are broken down as follows.

Calls For Service City Townships Building Fire 1 0 Building Fire (Automatic Aid Given) 0 2 Passenger Vehicle Fire 0 1 Smoke Scare Odor of Smoke 2 0 Authorized Controlled Burn 1 0 Unauthorized Burning 2 0 Medical Assist, Assist EMS Crew 12 0 EMS Call 9 0 Rescue, EMS, Incident Other 1 0 Trench Below Grade Rescue 1 0 Ring or Jewelry Removal 1 0 Water Problem, Other 1 0 Lines Down 1 0 Electrical Wiring, Equipment Problem, Other 2 0 Heat From Short Circuit (Wiring) Defective, Worn 1 0 System Malfunction, Other 1 0 Unintentional Transmission of Alarm, Other 1 0 Public Service (Inspection) 1 0 Good Intent Call, Other 2 1 Dispatched and Cancelled En Route 4 3 Burn Permit

42 0

2 Firefighters Attended the Preparing for Initial Company Operations Course (March 5th and 10th 2012).

10 Firefighters Attended the Severe Weather Safety Program (March 5th 2012).

12 Firefighters Attended CPR Recertification Class (March 8th 2012).

10 Firefighters Attended Training in Valley Center Training Consisted of Tender Shuttle Operations (March 12th 2012).

1 Firefighter Started the Investigator I Course (March 26th 2012).

11 Firefighters Attended Training in Valley Center Training Consisted of Tender Shuttle Operations (March 26th 2012).

5 Firefighters Completed a Forty Hour Driver/Operator Course (March 29th 2012).

9 Firefighters Attended Vehicle Extrication Class in Valley Center With SQ‐32 From Sedgwick County Fire District #1 (March 31st 2012).

CHIEF TORMEY


Code Enforcement March 2012

I answered sixty one calls for service during the month of March. Seven complaints were filed for dogs running loose. Four dogs were impounded. March 1, 2012: A citizen took two found Dachshund to the Valley Center Vet Clinic. The owner reclaimed his dogs on March 3, 2012. March 16, 2012: I impounded a male Border collie puppy at 12:02 P.M.; it was taken to the Valley Center Vet Clinic at 12:08 P. M. This dog was adopted on March 21, 2012. March 29, 2012: I impounded a female Vizsla at 1:17 P.M.; it was taken to the Valley Center Vet Clinic at 1:27 P.M. This dog was transferred to the Kansas Humane Society on April 3, 2012. Two dog barking complaints were reported and addressed. Two dog bites were reported; the dogs were confined at the Wichita Animal Shelter for rabies observation. Two cruelty reports were reported and addressed. Six dead animals were disposed of. Chickens were reported running loose; checked for a fowl permit. Three letters were sent to property owners for inoperable vehicles. Four letters were sent for tall grass. Two citations were issued. One trap was set for wild life. Seven misc. complaints were addressed. Thirty-nine dog license renewal letters were sent to dog owners. Twenty-three letters were sent to homeowners for trash and debris in their yards. I attended the Valley Center Animal League board meeting. Officer Cindy Plant


As of Thursday, April 12, 2012

Completed Projects /Task Highlights:

January

Water trailer – reconfigured trailer to water trees in a more efficient manner

Completed employee evaluations

Completed inventory review & updates

Owings – Attended Westar Building Operator Course – Systems Overview

Old City Shop – dilapidated fencing was removed

Completed grounding and surge protection updated at public buildings and park facilities

Cemetery – 2 stone settings

February

Seniors Club/Community Building – Installed 2 computers and connected to internet for seniors club

Purple Wave Auction – disposed of over $27k in city property

Completed fire sprinkler system and backflow test & inspections

Completed annual service of building fire extinguishers

Completed installation of stack dryers in Public Safety Building

Completed installation of additional security system cameras at Public Safety Building

Repaired/replaced broken glass window at Public Safety Building

Owings – Attended Westar Building Operator Course – Energy Conservation Techniques

Cemetery – 4 burials, 1 stone setting

March

Gazebo – repairs made to posts, rails and spindles due to age and vandalism

Completed all shrub trimming and flower garden maintenance

Owings – Attended Westar Building Operator Course – HVAC

Startup preparation of mowing equipment

Startup irrigation systems

Pond management – cattails and waterfall pump repairs/maintenance

Completed building efficiency practice of re‐lamping of council chambers – savings of approximately 2600 watts of energy

Cemetery – 2 burials, 2 stone settings


GOVERNING BODY REPORTS

A. Mayor McNown

B. Councilmember Leftoff

C. Councilmember Cicirello

D. Councilmember Smith

E. Councilmember Gerling

F. Councilmember Maschino

G. Councilmember L. Jackson

H. Councilmember K. Jackson

I. Councilmember Hobson

ADJOURN


CITY OF VALLEY CENTER April 17, 2012 - Valley Center, KS

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Transcript of CITY OF VALLEY CENTER April 17, 2012 - Valley Center, KS