(a)   The City pledges the future use of one-half (1/2) of the revenue to be received from the one-half percent (0.50%) Sale Tax to pay the costs of the Project (as defined in Ord. 3489), which may include payment of debt service on any bonds issed to finance such costs and large capital maintenance costs.

(b)   Costs of the Project shall include all costs and expenses actually incurred and paid to build a new hospital facility within or adjacent to the City of Iola, Kansas. Costs of the Project shall include the cost of all planning, architectural & engineering services; all costs associated with the acquisition of real estate, site preparation, and provision of utilities; the costs of all construction and construction management services; the costs of all legal, and financial services; all costs of debt service; all other reasonable and necessary expenses of the project; and costs associated with large capital maintenance projects.

(c)   The funds may not be distributed except in accordance with subsection (b), and in no case will exceed the proceeds received from the sales tax or $350,000 whichever is smaller. Funds for the Project from this Sales tax shall cease as of the collections made as of December 31, 2020.

(Ord. 3136, §§ 1—3, 11-9-93; Ord. 3238, § 1, 7-27-99; Ord. 3376, § 1, 10-13-09; Code 2016, Sec. 86-1; Ord. 3489)

The maximum mill levy rate for the city library fund shall be as established at 6.441.

(C.O. No. 10; Ord. 3191; Ord. 3241; Ord. 3407, § 2, 8-13-12; Ord. 3422; Ord. 3434; Code 2016, Sec. 86-2)

Support for the Bowlus Fine Arts Center will be established by a mill levy in the amount of 1.0 mills. Use of such funding will be as determined by the Bowlus Center Executive Director under the direction of the Bowlus Trustees.

(Ord. 3417, § 2, 3-25-13, eff. 1-1-14; Code 2016, Sec. 86-5)

The maximum mill levy rate for the city’s industrial development fund shall be as established by ordinance.

(C.O. No. 10; Ord. 3192; Code 2016, Sec. 86-3)

It is hereby declared to be the policy of the governing body of the city that the following items are proper expenditures from the moneys of the industrial fund of the city:

(a)   The purchase of capital stock of any corporation having as its principal purpose the securing of industrial or manufacturing concerns for the city and its environs.

(b)   Membership in any for profit or nonprofit certified development corporation.

(c)   The necessary expenses, transportation charges and telephone calls connected with industrial promotion in such sums as may from time to time be approved by the governing body of the city.

(d)   The expense of extending sewer and utilities to serve areas in the city and its environs where industries or manufacturing concerns can reasonably be expected to locate and hereby become users of such sewers and utilities.

(e)   The expense of labor and materials necessary to place a building in which the city has a financial interest in such condition that the rental or other income to the city resulting from leasing such buildings to industries or manufacturing concerns can reasonably be expected to reimburse the city for such expenditure.

(f)    Such other purposes as the governing body of the city may from time to time deem to be proper.

(Ord. 3052, § 1, 3-14-89; Ord. 3454, 1-19-16; Code 2016, Sec. 2-112)

(a)   In accordance with the provisions of K.S.A. 12-1,117, there is hereby established a municipal equipment reserve fund, which shall be used by the city to finance acquisition of equipment necessary for all functions and services of the city. For the purpose of this section, the word “equipment” shall mean vehicles and other equipment which has an estimated future purchase or replacement cost in excess of $5,000.00 and a life expectancy of not less than two years.

(b)   It is the policy objective of the governing body that such equipment reserve fund shall be used as a financing mechanism to secure the planned and orderly acquisition and replacement of equipment necessary for the efficient and effective operation of the city. It is the further intent of the governing body to annually approve in the future the budgeting of current revenues sufficient to finance the acquisition of new equipment needed in the following year, and to finance needed future replacements and acquisitions by setting aside a reserve amount. It is the planned intent of the governing body that the amount annually reserved shall not be less than the average annual use value of existing city equipment covered by the reserve fund.

(c)   The city administrator shall prepare a plan of operation for the implementation of this section and for the achievement of the policy objectives of the governing body. Beginning in the year 1990, the city administrator shall include in the proposed budget for the next year an amount sufficient to cover necessary equipment acquisition costs for that year, plus an amount approximately equal to the estimated average annual expenditures of the city for future anticipated equipment purchases. At the same time each subsequent proposed annual budget is prepared, a proposed equipment acquisition program shall be submitted to the governing body. The proposed budget shall include an amount sufficient to finance proposed acquisitions for the following year, plus an amount to be reserved as set forth in the annually revised and extended equipment acquisition program.

(d)   Moneys in the equipment reserve 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.

(Ord. 3076, §§ 1—4, 5-8-90; Code 2016, Sec. 2-115)

The Capital Improvement Program (CIP) will be prepared and reviewed annually during the budgeting process. The CIP will be adopted by reference. Placing items on the CIP does not imply that there are funds available to complete the projects. The list is a projection of what is desired. The plan will be adjusted as funds become available or priorities change.

(Ord. 3418, § 2(2-177), 3-25-13; Code 2016, Sec. 2-117)

A transient guest tax shall be levied in the City of Iola, Kansas at a rate not to exceed 10% upon the gross rental receipts derived from or paid by transient guests for lodging or sleeping accommodations, exclusive of charges for incidental services or facilities in any hotel or motel. The percentage and effective date of such tax shall be determined by the Governing Body and shall be specified in a resolution authorizing the same.

(K.S.A. 12-1696 et seq.; C.O. No. 20; Code 2018)

(a)   The City pledges the future use of one-half (1/2) of the revenue to be received from the one-half percent (0.50%) Sale Tax to pay the costs of the Project (defined in Ord. 3489), which may include payment of debt service on any bonds issed to finance such costs andlarge capital maintenance costs..

(b)   Costs of the Project shall include all costs and expenses actually incurred and paid to build a new hospital facility within or adjacent to the City of Iola, Kansas. Costs of the Project shall include the cost of all planning, architectural & engineering services; all costs associated with the acquisition of real estate, site preparation, and provision of utilities; the costs of all construction and construction management services; the costs of all legal, and financial services; all costs of debt service; all other reasonable and necessary expenses of the project; and costs associated with large capital maintenance projects.

(c)   This section shall be in effect until December 31, 2019.

(Ord. 3136, §§ 1—3, 11-9-93; Ord. 3238, § 1, 7-27-99; Ord. 3376, § 1, 10-13-09; Code 2016, Sec. 86-1)