HomeMy WebLinkAboutMO # 1467MUNICIPAL ORDER NO. 1467
A MUNICIPAL ORDER AUTHORIZING AND DIRECTING THE FINANCE
DIRECTOR TO TRANSFER $230,539 FROM THE FOUNTAIN AVENUE ACQUISITION
ACCOUNT AND $101,000 FROM THE FOUNTAIN AVENUE INCENTIVES ACCOUNT
TO THE CITY OF PADUCAH'S OPERATING RESERVE AND AUTHORIZES THE
FINANCE DIRECTOR TO TRANSFER SAID FUNDS TO THE CONSTRUCTION
GUARANTEE ACCOUNT FOR ACQUISITON OF PROPERTIES LOCATED AT 412
FOUNTAIN AVENUE, 1615 MADISION STREET AND 1640 HARRISON STREET
BE IT ORDERED BY THE CITY OF PADUCAH, KENTUCKY:
SECTION 1. The Finance Director is hereby authorized and directed to transfer
$230,530 from the Fountain Avenue Acquisition account and $101,000 from the Fountain
Avenue Incentives account to the City of Paducah's operating reserve and authorizes the Finance
Director to transfer said funds to the construction guarantee account for acquisition of properties
located at 412 Fountain Avenue, 1615 Madison Street, and 1640 Harrison Street in regard to the
Fountain Avenue buy back agreements.
SECTION 2. This Order shall be in full force and effect from and after the date
of its adoption.
Maybr
ATTEST:
Tammara S. Brock, City Clerk
Adopted by the Board of Commissioners, June 23, 2009
Recorded by Tammara S. Brock, City Clerk, June 23, 2009
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