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HomeMy WebLinkAboutMO # 1966MUNICIPAL ORDER NO. 1966 A MUNICIPAL ORDER OF THE CITY OF PADUCAH ACCEPTING THE GRANT, APPROVING A GRANT AGREEMENT AND A GRANT ASSIGNMENT AND ASSUMPTION AGREEMENT, AND AUTHORIZING THE MAYOR TO SIGN ALL RELATED DOCUMENTS WHEREAS, the Kentucky Infrastructure Authority (the "Authority") has granted funds for infrastructure projects for the betterment of the Commonwealth; and WHEREAS, the City of Paducah (the "Grantee") has previously determined that it is in the public interest to acquire and construct certain facilities and improvements (the "Project"); and WHEREAS, the City has previously determined and does hereby confirm that it is in the public interest that the Project be acquired and constructed by the Paducah Water Works (the "Assignee"); and WHEREAS, the City desires funding from the Kentucky Infrastructure Authority for the purpose of acquisition and construction of the Project. NOW, THEREFORE, BE IT ORDERED BY THE BOARD OF COMMISSIONERS OF THE CITY OF PADUCAH, KENTUCKY: SECTION 1. That the City of Paducah hereby accepts the grant award and approves the Grant Agreement between the City and Kentucky Infrastructure Authority substantially in the form on file with the City for the purpose of providing a portion of the necessary financing for the acquisition and construction of the Project. SECTION 2. That the City hereby approves the Grant Assignment and Assumption Agreement between the City and Paducah Water Works substantially in the form on file with the City for the purpose of providing for the acquisition and construction of the Project. SECTION 3. That the Mayor is hereby authorized, directed and empowered by the City to execute the Grant Agreement, the Grant Assignment and Assumption Agreement and all other necessary documents or agreements, and to otherwise act on behalf of the City in implementing the Project. SECTION 4. That this Municipal Order shall take effect at the earliest time provided by law. ATTEST: Tammara S. Sanderson, City Clerk Mayor Adopted by the Board of Commissioners May 16, 2017 Recorded by Tammara S. Sanderson, City Clerk, May 16, 2017 \mo\agree-pww-KIA 2017 37