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HomeMy WebLinkAbout2016-04-8362ORDINANCE NO. 2016-4-8362 AN ORDINANCE AUTHORIZING THE MAYOR TO EXECUTE A REIMBURSEMENT AGREEMENT WITH PADUCAH WATER FOR ASPHALT AND CONCRETE REHABILITATION WORK WITHIN VARIOUS LOCATIONS OF CITY RIGHT-OF-WAY IN THE 1300 BLOCK OF KENTUCKY AVENUE ASSOCIATED WITH THE PADUCAH WATER 24" TRANSMISSION WATER MAIN CONSTRUCTION PROJECT BE IT ORDAINED BY THE CITY OF PADUCAH, KENTUCKY: SECTION 1. That the City of Paducah hereby authorizes the Mayor to execute a reimbursement agreement between Paducah Water and the City of Paducah, Kentucky, for reimbursement for asphalt and concrete rehabilitation work within various location of city right- of-way in the 1300 block of Kentucky Avenue associated with the Paducah Water 24" transmission water main construction project, estimated at $220,000. In the event the total invoice amount exceeds the estimated amount required to complete said project, Paducah Water agrees to reimburse the City fully for all costs required to complete the rehabilitation work in excess of the estimated costs. SECTION 2. Funds received for the reimbursement will be placed into the Street Rehab (MAP) account, account number 003-2217-531-4227. SECTION 3. This ordinance shall be read on two separate days and will become effective upon summary publication pursuant to KRS Chapter 424. ATTEST: Jynmixal�'t� Tammara S. Sanderson, City Clerk Introduced by the Board of Commissioners, April 19, 2016 Adopted by the Board of Commissioners, April 26, 2016 Recorded by Tammara S. Sanderson, City Clerk, April 26, 2016 Published by The Paducah Sun, May 3, 2016 \ord\eng\reim — Paducah Water — Kentucky Ave 524 �ji ,. . _„-.--.rl