The PBC herein created and the Governing Body of the city shall negotiate for a lease of the swimming pool and/or city hall and appurtenances thereto to be acquired or constructed under the authority granted to the PBC pursuant to K.S.A. 12-1757 et seq. Upon completion of said negotiations, the PBC may issue revenue bonds of the Commission to provide funds for the purpose of acquiring, purchasing, constructing, reconstructing, erecting, equipping, repairing, maintaining and operating the swimming pool facility and/or the city hall and appurtenances thereto and to acquire sites necessary and convenient therefor and to pay all costs and expenses incident thereto, or to refund its outstanding bonds through the issuance of refunding bonds in the manner prescribed by and, except as otherwise herein provided, subject to the provisions of K.S.A. 10-116a. Except as otherwise provided by K.S.A. 10-116a, as amended, such revenue bonds shall be payable solely from the rents and revenues to be derived from the operation, management and use of the swimming pool and/or city hall and appurtenances thereto acquired by the commission.
(Ord. 1425, passed 6-9-2008)