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HomeMy WebLinkAbout2009-9-7608ORDINANCE NO. 2009-9-7608 AN ORDINANCE AUTHORIZING THE MAYOR TO EXECUTE A REIMBURSEMENT AGREEMENT WITH PADUCAH-MCCRACKEN COUNTY RIVERPORT AUTHORITY FOR THE TENNESSEE RIVERBANK STABILIZATION PROJECT BE IT ORDAINED BY THE CITY OF PADUCAH, KENTUCKY: SECTION 1. That the City of Paducah hereby approves a Reimbursement Agreement with Paducah -McCracken County Riverport Authority to equally share the actual total cost incurred in the amount of $88,800 in order to complete the Tennessee Riverbank Stabilization Project for property along the riverbank of property owned by the Riverport Authority located at 2300 South 4th Street. SECTION 2. That the City authorizes the Mayor to execute the Reimbursement Agreement as approved in Section 1 above. SECTION 3. Funds will be expended from Project Account FW0003. SECTION 4. This ordinance shall be read on two separate days and will become effective upon summary publication pursuant to KRS Chapter 424. A TEST: Jck Tammara S. Brock, City Clerk Introduced by the Board of Commissioners August 25, 2009 Adopted by the Board of Commissioners, September 8, 2009 Recorded by Tammara S. Brock, City Clerk, September 8, 2009 Published by The Paducah Sun, September 14, 2009 \ord\en\reim-Riverport Auth (Tenn Riverbank Stabilization Project)