CHAPTER I. ADMINISTRATIONCHAPTER I. ADMINISTRATION\Article 8. Revenue, Finance & Community Development

It is hereby authorized, ordered and directed, under the authority of the Act, that the streets hereinafter set forth located within the limits of the City are hereby designated and established as main trafficways:

Main Trafficway Name

Location

McPherson Street

from 2nd Street South to Highway 56

First Street

all

Third Street

all

South Santa Fe Street

all

Park Street

all

Fourth Street

all

Empire Street

all

South Santa Fe St.

from 1st St. to 2nd St.

Cherry St.

from 4th St. to 5th St.

Fifth St.

from Cherry St. to Mulberry St.

E. Elizabeth St.

from Main St. to Mulberry St.

Mulberry St.

from Elizabeth St. to John St.

E. John St.

from Main St. to Mulberry St.

W. Elizabeth St.

from Main St. to Westview St.

W. John St.

from Main St. to Westview St.

N. Santa Fe St.

from Northview St. to John St.

Westview St.

from Northview St. 910’ South to its terminus

(K.S.A. 12-685 et seq.; Ord. 294; Ord. 300; Ord. 349; Code 2018)

(a)   Fund establishment. In accordance with the provisions of K.S.A. 12-1118, there is hereby established a Capital Improvements Fund, which shall be used by the city to finance, in whole or in part, any public improvement need set forth in the city’s Capital Improvement Plan.

(b)   Policy objective. It is the policy objective of the Governing Body that such fund shall be used primarily to provide a financing mechanism for a public improvement including the repair, restoration and rehabilitation and existing public facilities.’ Further, it is the intent of the Governing Body to utilize current revenues to be credited to the fund, to the maximum extent possible to meet the city’s present and future public infrastructure nee d s and to avoid the costs of unnecessary indebtedness.

(c)   Use for studies. Moneys in such fund may be used to pay the cost of engineering and other advanced public improvement plans and studies, with the fund periodically reimbursed from bond proceeds, special assessments or state or federal aid that may be available for the completed project. (No expenditures for such purposes shall be made except on a finding of the Governing Body of its probable intent to proceed with the improvement following such engineering or advanced study.

(d)   Plan of operation.

(1)   The city clerk shall submit to the Governing Body a plan for the implementation of this article. Such a plan shall provide that the annual revised and adopted Capital Improvements Plan of the city identify those improvements to be financed from the fund during the following year. The plan shall also provide for the transferring from the general fund to the capital improvements fund, any amount not greater than the budgeted amount.

(2)   Beginning in 1997, the city clerk shall annually submit, at the same time and as a part of the annual operating budget, such proposed revenue allocations and budget transfers as may be necessary

(A)  to finance those improvements scheduled for completion the next year, the cost of which is to be credited to the fund, as provided by the Capital Improvements Plan and

(B)  to set aside monies to be annually reserved for future improvements, as provided in the Capital Improvements Plan.

(e)   Investing. Moneys in the capital improvements fund shall be invested in accordance with the provisions of K.S.A. 10-131 and amendments thereto, with interest thereon credited to such fund.

(Ord. 286; Ord. 306; Code 2018)