CHAPTER I. ADMINISTRATIONCHAPTER I. ADMINISTRATION\ARTICLE 9. REVENUE, FINANCE & COMMUNITY DEVELOPMENT

(a)   In accordance with the provisions of K.S.A. 12-1,118 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)   It is the policy of the governing body that such funds shall be used primarily to provide a financing mechanism for the repair, restoration, and rehabilitation of 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 needs and to avoid the costs of unnecessary indebtedness.

(c)   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.

(d)   Plan of operation.

(1)   The city administrator shall submit to the governing body a plan of operation for the implementation of this section. Such plan shall provide that the annual revised and adopted Capital Improvements Plan for the city identify as those improvements to be financed from the fund during the following year.

(2)   Beginning in 2003 the city administrator 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.

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

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

(e)   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 earnings credited to such fund.

(Code 1974, Chapter 3.24; Ord. 978; Code 2014)

(a)   The following are designated as main trafficways of the city pursuant to K.S.A. 12-685 et seq.

(1)   Freeman Avenue,

(2)   Center Avenue,

(3)   Colby Avenue,

(4)   Third Street, from Center Avenue to Hudson Avenue,

(5)   Hudson Avenue, from Second Street to Third Street,

(6)   Second Street, and

(7)   Sunrise Avenue

(b)   The following are designated as main trafficway connections of the city pursuant to K.S.A. 12-685 et seq.:

(1)   Second Street,

(2)   Fifth Street, and

(3)   Eighth Street

(K.S.A. 12-685 et seq.; Code 1974, Chapter 10.12; Code 2014)

(a)   The four (4) page document produced and present at this meeting of the Governing Board entitled "Revitalization Plan" and each and every part thereof is, in all respects, approved, authorized, confirmed and adopted by the City of Oakley as the Revitalization Plan for the City of Oakley, County of Logan, Kansas, such Plan to be in force and effect on and after June 1, 2001. A fully executed copy of such Revitalization Plan shall be filed in the office of the City Clerk and shall be available for inspection by the public at any time during regular business hours.

(b)   The four (4) page document entitled “Revitalization Plan” and each and every part thereof is, in all respects, approved, authorized, confirmed and adopted by the City of Oakley as the Revitalization Plan for the City of Oakley, County of Thomas, Kansas, such Plan to be in force and effect on and after July 2, 2012.  A fully executed copy of such Revitalization Plan shall be filed in the office of the City Clerk and shall be available for inspection by the public at any time during regular business hours.

(K.S.A. 12-17, 114 et. seq.; Ord. 980; Ord. 1115; Code 2014)

The levy of a one-half percent (.50%) Citywide retailers' sales tax and application of the revenue received therefrom to finance the costs of constructing, improving and maintaining City streets, as well as other City infrastructure, is hereby authorized, with collection of the sales tax to commence on October 1, 2010.

(K.S.A. 12-187 et. seq.; Ord. 1074; Code 2014)

The tax rate for library purposes shall not exceed 11.0 mills.

(K.S.A. 79-4001 et seq.; K.S.A. 12-1215 et seq.; C.O. No. 20; Code 2014)