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HomeMy WebLinkAbout2007-2-7251233 ORDINANCE NO. 2007-2-7251 AN ORDINANCE AUTHORIZING AND DIRECTING THE MAYOR TO EXECUTE A GRANT AGREEMENT AND ALL DOCUMENTS RELATING THERETO WITH THE UNITED STATES DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD), FOR A GRANT AWARD FOR RIVERFRONT REDEVELOPMENT WHEREAS, the City of Paducah applied for a United States Department of Housing and Urban Development Neighborhood Initiative Grant Award for Riverfront Redevelopment adopted by Municipal Order No. 1249 on December 12, 2006; and WHEREAS, the United States Department of Housing and Urban Development (HUD) has approved the application and is now ready to award this grant. BE IT ORDAINED BY THE CITY OF PADUCAH, KENTUCKY: SECTION 1. The Mayor is hereby authorized and directed to execute a Grant Agreement and all documents relating thereto with the United States Department of Housing and Urban Development (HUD), in the amount of $2,970,000 for a Neighborhood Initiative Grant Award for the redevelopment of Paducah's riverfront. This grant award does not require any local cash or in-kind match. SECTION 2. This expenditure shall be charged to the HUD Riverfront Grant Project Account DT0015. SECTION 3. This ordinance shall be read on two separate days and will become effective upon summary publication pursuant to KRS Chapter 424. ATTEST: 1020� zf7 Tammara S. Brock, City Clerk Introduced by the Board of Commissioners, February 13, 2007 Adopted by the Board of Commissioners, February 27, 2007 Recorded by Tammara S. Brock, City Clerk, February 27, 2007 Published by The Paducah Sun, March 5, 2007 \word\ord\plan\grants\IIUD Neighborhood Initiative 2007 Grant-Riverfront Redev