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HomeMy WebLinkAbout2006-11-7213169 ORDINANCE NO. 2006-11-7213 AN ORDINANCE AUTHORIZING THE URBAN RENEWAL AND COMMUNITY DEVELOPMENT AGENCY TO ACT ON BEHALF OF THE CITY FOR REVITALIZATION OF THE FOUNTAIN AVENUE—PHASE I PROJECT BE IT ORDAINED BY THE CITY OF PADUCAH, KENTUCKY: SECTION 1. That the City of Paducah hereby authorizes the Urban Renewal and Community Development Agency to act on behalf of the Board of Commissioners of the City of Paducah for revitalization of the Fountain Avenue—Phase I project. SECTION 2. That the Urban Renewal and Community Development Agency is further authorized to act on behalf of the Board of Commissioners to create a development area, to apply for grants, to hold public hearings, approve the purchase of property and work with the Planning Department to oversee the day-to-day activities to move this plan forward. Acquisitions that exceed $50,000 shall be presented to the Board of Commissioners for approval. SECTION 3. The City of Paducah hereby directs the Planning Department to provide a quarterly report that shows a map of the properties acquired and disposed of and lists the acquisition cost and disposal revenue for each parcel to the Board of Commissioners of the activity of the Urban Renewal and Community Development Agency regarding the Fountain Avenue—Phase I Project. SECTION 4. This ordinance shall be read on two separate days and will become effective upon summary publication pursuant to KRS Chapter 424. ATTEST: J&M/(- Tammara S. Brock, City Clerk Introduced by the Board of Commissioners November 14, 2006 Adopted by the Board of Commissioners November 28, 2006 Recorded by Tammara S. Brock, City Clerk, November 28, 2006 Published by The Paducah Sun, December 7, 2006 \ord\plan\ftn ave -urban renewal board