HomeMy WebLinkAbout2006-12-7218�I
ORDINANCE NO. 2006-12-7218
AN ORDINANCE AUTHORIZING AND DIRECTING THE MAYOR TO
EXECUTE A GRANT AGREEMENT AND ALL DOCUMENTS RELATING THERETO
WITH THE KENTUCKY HOUSING CORPORATION FOR A HOME PROGRAM
HOMEOWNER REHABILITATION GRANT FOR THE FOUNTAIN AVENUE
REVITALIZATION AREA OF THE CITY OF PADUCAH
WHEREAS, the City of Paducah applied for a HOME Program Homeowner
Rehabilitation Grant adopted by Municipal Order No. 1203 on March 28, 2006, for assistance to
low -to -moderate income homeowners within the Fountain Avenue Revitalization area of the City
of Paducah; and
WHEREAS, the Kentucky Housing Corporation 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 Kentucky Housing Corporation to obtain
a HOME Program Homeowner Rehabilitation Matching Grant for the demolition and
reconstruction of houses for low -to -moderate income homeowners within the Fountain Avenue
Revitalization Area to obtain in the amount of $375,000. The City will provide matching funds
in the amount of $50,000.00, for this project.
SECTION 2. This expenditure shall be charged to project Account No. CD0047.
SECTION 3. This ordinance shall be read on two separate days and will become
effective upon summary publication pursuant to KRS Chapter 424.
ATTEST:
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Tammara S. Brock, City Clerk
Introduced by the Board of Commissioners, November 28, 2006
Adopted by the Board of Commissioners, December 12, 2006
Recorded by Tammara S. Brock, City Clerk, December 12, 2006
Published by The Paducah Sun, December 19, 2006
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