HomeMy WebLinkAboutMO # 2127MUNICIPAL ORDER NO. 2127
A MUNICIPAL ORDER APPROVING AND AUTHORIZING AN
ASSISTANCE AGREEMENT BETWEEN THE CITY OF PADUCAH, KENTUCKY AND
THE KENTUCKY INFRASTRUCTURE AUTHORITY TO PROVIDE $4,610,667 OF LOAN
FUNDS FOR WASTEWATER SYSTEM IMPROVEMENTS
WHEREAS, the City Commission ("Governing Authority") of the City of
Paducah, Kentucky, ("Governmental Agency") has previously determined that it is in the public
interest to acquire and construct certain facilities and improvements to the Governmental
Agency's Wastewater System (the "Project"); and
WHEREAS, the Governmental Agency has made application to the Kentucky
Infrastructure Authority (the "Authority") for the purpose of providing monies to construct the
Project; and
WHEREAS, in order to obtain such monies, the Governmental Agency is
required to enter into an Assistance Agreement with the Authority.
KENTUCKY:
NOW, THEREFORE, BE IT ORDERED BY THE CITY OF PADUCAH,
SECTION 1. That the Governing Authority hereby approves and authorizes the
Assistance Agreement between the Governmental Agency and the Authority dated as of July 1,
2018 substantially in the form on file with the Governmental Agency for the purpose of providing
the necessary financing to the Governmental Agency for the Project.
SECTION 2. That the Mayor and City Clerk of the Governmental Agency be
and hereby are authorized, directed and empowered to execute necessary documents or
agreements, and to otherwise act on behalf of the Governmental Agency to effect such financing.
SECTION 3. That this order shall be in full force and effect from and after the
date of its adoption.
Brandi Harless, Mayo
AT TF ST:
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'Lirfdeay Parish, Cit} Clerk
Adopted by the Board of Commissioners July 24, 2018
Recorded by Lindsay Parish, City Clerk, July 24, 2018
MO\KIA Clean Water State Revolving Fund Loan Pump Station 2
Certificate
I, the undersigned, hereby certify that I am the duly qualified and acting City Clerk of the
City of Paducah, Kentucky; that the foregoing is a full, true and correct copy of a Municipal
Order adopted by the City Commission of said City at a meeting duly held on July 24, 2018; that
said official action appears as a matter of public record in the official records or joumal of the
governing authority; that said meeting was held in accordance with all applicable requirements of
Kentucky law, including KRS 61.810, 61.815, 61.820 and 61.823; that a quorum was present at
said meeting; that said official action has not been modified, amended, revoked or repealed and is
now in full force and effect.
IN TESTIMONY WHEREOF, witness my signature this day of
, 2018.
Lindsay Parish, City Clerk