HomeMy WebLinkAboutMO # 1774MUNICIPAL ORDER NO. 1774
A MUNICIPAL ORDER AUTHORIZING THE APPLICATION FOR A
MATCHING GRANT IN THE AMOUNT OF $200,000, THROUGH THE DELTA
REGIONAL AUTHORITY INVESTMENT PROGRAM KNOWN AS THE STATES'
ECONOMIC DEVELOPMENT ASSISTANCE PROGRAM TO HELP PROVIDE FUNDING
TO SUPPORT SMALL BUSINESS ENTREPRENEURS WHO ARE LOOKING TO LOCATE
OR ARE LOCATED IN THE DOWNTOWN HISTORIC DISTRICT
BE IT ORDERED BY THE CITY OF PADUCAH, KENTUCKY:
SECTION 1. The Mayor is hereby authorized to execute an application and all
documents relating to same, requesting a matching grant in the amount of $200,000 through the
Delta Regional Authority Investment Program known as the States' Economic Development
Assistance Program (SEDAP) to help provide funding to support small business entrepreneurs
who are looking to located or are located in the Downtown Historic District. This funding will
allow the City to expand the existing roof stabilization program to include financial assistance in
the form of a grant for code enforcement improvements, roof stabilization, fagade stabilization,
and a variety of other costs related to redevelopment of historic buildings for commercial use.
SECTION 2. Local matching funds will be in the amount of $10,000.
SECTION 3. This order shall be in full force and effect from and after the date of
its adoption.
ATTEST:
jjowums- 66V444ex-
Tammara S. Sanderson, City Clerk
Adopted by the Board of Commissioners May 13, 2014
Recorded by Tammara S. Sanderson May 6, 2014
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