Loading...
HomeMy WebLinkAbout2016-04-8358ORDINANCE NO. 2016-4-8358 AN ORDINANCE OF THE CITY OF PADUCAH APPROVING AN AGREEMENT WITH THE KENTUCKY DEPARTMENT FOR LOCAL GOVERNMENT TO OBTAIN A COMMUNITY DEVELOPMENT BLOCK GRANT AWARD FOR DEMOLITION OF 432 BROADWAY, AND AUTHORIZING THE MAYOR TO EXECUTE ALL DOCUMENTS RELATING TO SAME WHEREAS, the City of Paducah adopted Municipal Order No. 1839 on May 19,2015, authorizing the application for a Community Development Block Grant from the Kentucky Department for Local Government for the demolition of the property located at 432 Broadway; and WHEREAS, the Kentucky Department for Local Government has offered a grant award in the amount of $500,000; and WHEREAS, the City is required to provide a local match of $125,000 for a total project budget of $625,000; and WHEREAS, it is now necessary to proceed for approval by the Board of Commissioners for the City to accept the grant award and to execute the legally binding agreement with the Department for Local Government. BE IT ORDERED BY THE CITY OF PADUCAH, KENTUCKY: SECTION 1. That the City of Paducah approves an Agreement with the Kentucky Department for Local Government to obtain a Community Development Block Grant Award for the demolition of 432 Broadway in the amount of $500,000. Local matching funds of $125,000.00 as well as any cost overruns associated with this project will be provided by the City from Project Account # DT - 0034. SECTION 2. That the Mayor is hereby authorized to execute all documents necessary to accept the grant award with the Kentucky Department for Local Government as approved in Section 1 above. SECTION 3. If any section, paragraph or provision of this Ordinance shall be held to be invalid or unenforceable for any reason, the invalidity or unenforceability of such section, paragraph or provision shall not affect any of the remaining provisions of this Ordinance. SECTION 4. This ordinance shall be read on two separate days and will become effective upon summary publication pursuant to KRS Chapter 424. ATTEST: Tammara S. Sanderson, City Clerk Introduced by the Board of Commissioners, April 5, 2016 Adopted by the Board of Commissioners, April 12, 2016 Recorded by Tammara S. Sanderson, City Clerk, April 12, 2016 Published by The Paducah Sun, April 15, 2016 \ord\plan\grant\CDBG — 432 Broadway Demolition 520 nl --l. A—, -