(a)   In accordance with the provisions of K.S.A. Supp. 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 objective of the governing body that such fund 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 cost of unnecessary indebtedness.

(c)   Moneys in such fund may be used to pay the cost of engineering and other advance 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 clerk shall submit to the governing body a plan of operation for the implementation of this article. Such 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.

(2)   Beginning in 1989, 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 transfer as may be necessary (1) 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 (2) 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 thereon credited to such fund.

(Code 1988; Code 2013)

(a)   It is hereby established a special fund entitled “Helen M. Johnston Charitable Remainder Trust Fund.” The fund is established for the purpose of receiving and accepting a monetary donation(s) from the Helen M. Johnston Charitable Remainder Trust.

(b)   Money in this 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.

(c)   The interest earned on this fund can be used on an annual basis for city projects as determined by the governing body of the City. The principal of the monetary gift that is accepted herein shall not be appropriated or spent as required by the donor.

(Ord. 2289)

(a)   A retailers’ sales tax in the amount of 0.50% is levied in the City according to K.S.A. 12-187 et seq. The retailers’ sales tax shall take effect on January 1, 2021, or on the earliest date thereafter that the Kansas Department of Revenue can begin collecting such retailers’ sales tax, and shall expire on the date 20 years after it is first levied, unless repealed earlier by an ordinance of the City.

(b)   Except as may otherwise be provided by law, such tax shall be identical in its application and exemptions to the Kansas Retailers’ Sales Tax Act and all laws and administrative rules and regulations of the Kansas Department of Revenue relating to the state retailers’ sales tax shall apply to such city retailers’ sales tax insofar as such laws and regulations may be made applicable. The services of the Department of Revenue shall be utilized to administer, enforce and collect such tax.

(Ord. 2403)