Loading...
HomeMy WebLinkAboutMO # 1475MUNICIPAL ORDER NO. 1475 A MUNICIPAL ORDER APPROVING AND AUTHORIZING PADUCAH WATER TO OBTAIN LOAN ASSISTANCE TO UPGRADE ITS DRINKING WATER TREATMENT FACILITIES. WHEREAS, the Commissioners of Waterworks (hereinafter "Paducah Water") is a political subdivision of the Commonwealth of Kentucky and an agency of the City of Paducah, Kentucky (the "City") duly established and empowered pursuant to KRS 96.320 to manage on behalf of the City the municipal water system of the City of Paducah, as codified in the Code of Ordinances of the City of Paducah, Section 114-298; and WHEREAS, Paducah Water is authorized to establish, erect, construct, acquire, own, maintain, and operate the municipal water system, together with extensions and necessary appurtenances thereto, within or without the corporate limits of the City; and WHEREAS, Paducah Water has determined that for purposes of continuing to provide an adequate and reliable drinking water supply to its customers in the City of Paducah and McCracken County, Kentucky, it is necessary to upgrade its system by the completion of the Paducah-Reidland Interconnect Project, which project is scheduled to begin in the Fall of 2009 and be completed by Fall of 2010 (hereinafter the "Project"); and WHEREAS, in order to complete the project, it will be necessary for Paducah Water to obtain loan assistance in the amount of $7,500,000; and WHEREAS, under the terms of the Safe Drinking Water Act Amendments of 1996 (Public Law 104-182) and amendments to KRS 224A, the State is authorized to render financial assistance to eligible project applicants by way of capitalization grants from the U.S. Environmental Protection Agency and State match funds comprising the Federally Assisted Drinking Water Revolving Fund (State Revolving Loan Program). The program is established to aid in the improvement of its of drinking water treatment facilities with consideration for approval to be based on applications submitted through the Kentucky Natural Resources and Environmental Protection Cabinet and the Kentucky Infrastructure Authority; and WHEREAS, the improvements proposed for construction by Paducah Water within McCracken County are considered eligible for such loan assistance; and WHEREAS, in order for Paducah Water to complete the Project and obtain loan assistance, the Kentucky Infrastructure Authority has asked the City of Paducah, because many of the assets used and owned by Paducah Water are titled in the name of the City of Paducah, to approve the project and loan assistance from Kentucky Infrastructure Authority which was approved by the Commissioners of Waterworks; and WHEREAS, it is beneficial for the City of Paducah for Paducah Water to complete the Proj ect. NOW, THEREFORE, IT IS HEREBY ORDERED as follows: SECTION 1. The City of Paducah hereby approves of the Paducah-Reidland Interconnect Project proposed by Paducah Water and specifically approves of Paducah Water applying for the loan assistance, as described herein, which it has deemed necessary to complete the project. Further, Paducah Water's General Manager, Glen Anderson, and/or the Mayor of the City of Paducah, William Paxton, may execute any and all documents which are necessary and/or convenient in the premises in order for Paducah Water to complete the project and for loan assistance described herein. SECTION 2. This Order shall be in full force and effect on and after the date approved by the Board of Commissioners of the City of Paducah, Kentucky. r" ;qAl . Tammara S. Brock, City Clerk Adopted by the Board of Commissioners, August 11, 2009 Recorded by Tammara S. Brock, City Clerk, August 11, 2009 PWW-KIA Funds for Paducah-Reidland Proj 115288 2