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HomeMy WebLinkAboutMO # 2124MUNICIPAL ORDER NO. 2124 A MUNICIPAL ORDER AUTHORIZING THE MAYOR TO EXECUTE A GRANT APPLICATION AND ALL DOCUMENTS NECESSARY TO APPLY FOR A BETTER UTILIZING INVESTMENTS TO LEVERAGE DEVELOPMENT (BUILD) GRANT �- THROUGH THE DEPARTMENT OF TRANSPORTATION FOR NATIONAL INFRASTRUCTURE INVESTMENTS FOR THE INSTALLATION OF A LANDING/EXCURSION PIER AND DEVELOPMENT OF THE PADUCAH COMMONS; AUTHORIZING THE MAYOR TO EXECUTE ALL AGREEMENTS WITH THE PADUCAH-MCCRACKEN COUNTY PORT AUTHORITY REQUIRED BY THE FUNDING AGENCY; AND AUTHORIZING AND DIRECTING PLANNING DEPARTMENT STAFF TO SUBMIT AN APPLICATION THROUGH THE APPLICATION PORTAL BE IT ORDERED BY THE CITY OF PADUCAH, KENTUCKY: SECTION 1. The Mayor is hereby authorized to execute all documents necessary to apply for a Better Utilizing Investments to Leverage Development (BUILD) Grant through the Department of Transportation for National Infrastructure Investments in the amount of $12,686,184.00 for the installation of a landing/excursion pier and development of the Paducah Commons. No local cash or in-kind match is required; however, the City will be proposing an uncommitted match of 4-90A 20% in the grant application. This match will be funded through Tax Increment Financing (TIF) District revenues. SECTION 2. The Mayor is hereby authorized to execute any agreements with the Paducah -McCracken County Port Authority (PMCPA) as required by the Department of Transportation for National Infrastructure Investments as part of the joint application with the PMCPA who is requesting $10,800,000.00 for the first phase of a Port Authority Trans -loading Project. No local cash or in-kind match is required. SECTION 3. The Planning Department staff is hereby authorized and directed to submit the grant application and all related documents authorized in sections 1 and 2 above through the online application portal. SECTION 4. This order will be in full force and effect from and after the date of its adoption. a ATT T: j rty Clerk Adopted by the Board of Commissioners, July 10, 2018 Recorded by Lindsay Parish, City Clerk, July 10, 2018 mo\grants\app- BUILD Grant for Pier and Paducah Commons