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HomeMy WebLinkAboutOrdinances Book 7, Page 245, Ordinance Number 84No. z s_ Ordinance No. AN ORDINANCE ASSESSING THE ABUTTING PROPERTY ON BOTH SIDES OF BROADWAY FROIS FIRST TO FOURTH STREET, IN THE CITY OF PADUCAH, KENTUCKY, THE SU11 OFa3.644028 PER FRONT FOOT FOR THE RECONSTRUCTION OF SiilD STREET BY PAVING WITH CREOSOTE SNOOD BLOCKS, iuND PROVIDIIIG THAT SAID ASSESS?.MiTS TIAY BE PAID IN TEN EQUAL INSTi�LLIJENTS, BEING OIJE EACH YEAR FOR A PERIOD OF TEN YE:RS. r WHEREAS, the Board of Commissioners of the City of Paducah, Kentucky has heretofore, on the 10th day of April 1916, adopted an ordinance entitled, "i+s! ORDII4A110E PROVIDING MR THE RECONSTRUCTION OF BROAD77AY FROI:: THE VEST CURB LINE OF FIRST STREET TO THE EAST CURB LINE OF FOURTH STREET, IN THE CITY OF PADUCi-H, =11TUCKY, AND PROVIDING THAT SAID II.TRO VM2MIT SHALL BE I1LDE UPON THE TEN YEAR PAY11MI T PLAI! ; ` and, LHEREAS, said ordinance provides that the cost of the recon- struction of said street shall be paid for by the abutting property owners on both sides thereof, except that portion to be paid by the City of Paducah, as required by lavr; and , WHEREAS, pursuant to said ordinance a contract was, on the 26th day of August 1916, entered into by and between G. V,-. Katterjohn and the City of Paducah, for the reconstruction of said street; and, WHEREAS, said contract has been completed in all respects and the improvement therein provided for has been finished and accepted by the Board of Commissioners of the City of Paducah, Kentucky, on the 17th day of november, 1916, pursuant to recommendation made therefor by the Commissioner of Public Works of said City; now, there- fore, BE IT ORDaINED BY THE BOdRD OF C0I,1KISSIONERS OF THE CITY OF P-DUC:.c, XEnTUCKY:- Sec. 1. That all the property on both sides of Broadway from First Street to Fourth Street, in the City of Paducah, Kentucky, be, and the same is hereby assessed the sum of 03.644028 per front foot for the reconstruction of said street by paving with creosote wood paving blocks. Sec. 2. That all of the funds derived from the assessment of said property aforesaid shall be used for the purpose of paying off the Special tax bills issued against said property or such bonds as may be issued by the City of Paducah pursuant to Section 3101 of the Kentucky Statutes. Sec. 3. That pursuant to Section 3101 of t1m Kentucky Statutes, as amended and re-enacted by an act of the General <=ssembly of the Common- wealth of Kentucky of 1910, entitled, "AN ACT TO AI.D511D nD RE-EN.LCT SECTIONS 3094, 3096, 3097, 3098, 3099, 3100, 3101 and 3102 OF THE KENTUCKY STi.TUTES, RELATING TO THE CONTROL bND ILLpROVELzijN OF STREETS, PUBLIC WAYS, LANDINGS, 'UHnRVES, GROUNDS dI{D SIDEWi LKS Ii! CITIES OF THE I, W No. 2 �(' Ordinance No. SECOND CLASS", said assessments may be -at the option of the property owners- payable in cash within thirty (30) days from the date of the passage and recording of this ordinance, or in ten (10) annual;r. installments, pursuant to the provisions of said Statute. Sec. 4. In order to provide a hind for the ii -mediate payment of the cost of that portion of the Special assessments herein provided for, which are to be paid on the installment -payment -plan, as hereinbefore provided for, the City of Paducah shall issue and sell Improvement Bonds, and to secure the payment of which bonds there is hereby pledged such taxes and liens on the property assessed herein for the payment of the principal and interest on such bonds, but such bonds shall not be sold for less than par, and the proceeds thereof applied exclusively to payment for the improvement of said street, as hereinbefore mentioned, and such bonds shall be issued and shall bear interest, and shall be payable in accordance with the provisions of Section 3101 of the Kentucky Statutes as amenled and re-enacted by the General Assembly of the Commonwealth of Kentucky for 1910, and contained in said Act hereinbefore mentioned. Sec. 5. This ordinance shall take effect and be in force from its passage and the recording of same. PASSED BY THE BOARD OF COi,d:IISSIONERS NOVEI-MER 17, 1916. RECORDED BY E. RICHARD I.IILLER, CLERK, NOV. 16, 1916.