HomeMy WebLinkAboutMO #2455MUNICIPAL ORDER NO. 2455
A MUNICIPAL ORDER APPROVING AND AUTHORIZING THE EXECUTION OF A GRANT
AGREEMENT BETWEEN THE CITY OF PADUCAH AND THE MARIAN GROUP IN THE
AMOUNT UP TO $100,000 FOR ROOF STABILIZATION FOR THE DUNLAP APARTMENTS
(WALTER JETTON SCHOOL)
WHEREAS, The Marion Group, a Louisville -based real estate developer, is planning to
invest $14.5 million in the historic building formerly known as the Walter Jetton Junior High School
located at 401 Walter Jetton Boulevard; and
WHEREAS, The Marion Group plans to rehabilitate 60 workforce housing units, restore
the concert hall for the Paducah Symphony Orchestra, and create a conservatory for music training and
education; and
WHEREAS, The Marion Group has requested $100;000 to undertake a roof rehabilitation
for the property; and
WHEREAS, the City Commission now desires to enter into a grant agreement with The
Marion Group to assist with the revitalization of the historic property.
NOW, THEREFORE, IT IS HEREBY ORDERED as follows:
SECTION 1. That the Board of Commissioners of the City of Paducah hereby
approves a grant for The Marion Group roof rehabilitation for the Dunlap Apartments (Walter
Jetton School) located at 401 Walter Jetton Boulevard in an amount up to $100,000 in
accordance with the grant agreement letter and scope of work.
SECTION 2. This grant shall be paid through the City Manager's
Contingency Account No. 10000106 524500.
SECTION 3. Effective Date. This Order shall be in full force and effect
on and after the date as approved by the Board of Commissioners of the City of Paducah,
Kentucky.
4_�e,4_
George Bray, Mayor
Adopted by the Board of Commissioners, April 27, 2021
Recorded by Lindsay Parish, City Clerk, April 27, 2021
MO\ grant agreement — Marian Group — Dunlap Apartments Walter Jetton Building