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HomeMy WebLinkAboutOrdinances Book 7, Page 554, No Ordinance Number__E ORDI "1:CE-'30VID:Ci:_ 1,'OR TH C.-,P.cOVE: cN7 OP FCU TEZi,,TH ISTR ET, ','201.- zt+; VORTh i".0 LI rE OP' '0i!ROE STREI-2 TO ^F1 SOUTH PRO- I1P1RTY Lill-; 0' CL.Y STR.u±T Ii: 10H3 CITY 01� DUC'.1Z Tyl !JC;'Y, _^.T "'HE.E COST !Oh `_'Hi :-BUT`T'ING PRO.L::1'Y 0. 1' RS, ADD P-MVIDIilG TH-T S41.l SEI-11LL :BE COI1- S'TRUCTED UPON `_'HE 'T.L�i' u'.=? 2'. _'s 1T PL .N, BY GRi'_DI1:G AND GR.'i'�ELIi?G S_''.127. I1 BE IT ORD1.IHIE.) BY i'3_,; DO" RD 01' C O,E.jISSIO1r S 0 xIRE CITY OF 'P,^.DUCnH, IZ,V12UO3Y:- SECTION 1. That the drive -clay of Fourteenth Street, from the North -oro- nerty line of is=onroe ,Street to the youth propert-. line of 01,9.7,T Street - in the City of Paducah, Kentucky, be and the same is hereby orderea to be constructed; that said street shall be constructed by gradin`; and ra.veliia_; same, and all to be dome in strict accordai?ce r:ith tho ?clans, grades, specifice.tions, widths A.nd profiles of file Commissioner of Publicl I .lo-r'ys, Dreoa-red by him for such p-aroose, al). of ^hath are adoDted as a. o:art of thiU Ordinance as wally as if embra.ccd hereir_ or attached hereto I 2nd made wart hereof, and 7!]Arl:od "r.n 2or nacre s-pecific identifies.tion. !• SECTIOi; ?. No. Ordinance No._ --.. -- -- That said Work shall be constructed under the dircct:ion send supervision of the Commissioner of Public 'forks, and shall be co::mencod at a time designated 'by contrast for the perfoi7nance of said ;lork, .anci completed on or before pix months after the ne.ssege and recording of chis Ordinance. SECTI^i.? 3, , That the cost of such construction of said street shall be paid `_or miolly b; the )ropert;, ovmcrs abuttinZ or fronting thereon, on both sides thereof, to be apportioned to and assessed against the -orooerty end. property owners abutting thereon, on both sides thereof, s.ccording, to the number of front feet abuttin�; thereon, except that the City of Padaceh shall ogy such portion of such costs of construction as -reauired- by lava. SECTIOL r. The Contractor avrardea the contract for the 'work herein provided for shall be o: ir. only from the i'unds arisin., from the S'.- .I tax bills and assessments against the property abutting; theirnnrovegent herein pro- vided for, and in no other ;ray, e_cent that the said Contractor may be na.id out of such bonds as may be issued, in accordance with the 1^,w of e Cit;, of Paducah a.nd charter of cities of the second clIiss of the State of '.entucky, and for the pa„%ment of which s�,.ic? ta_v bills and assessments mn.y be pledged by the said City of Paducah; and in no event shall the said City of Paducah be liable to the Contractor for the construction of eny of, the work herein provided sor, exce-ot that the said Cit -,,r of Daaacah shall be liable to the said Contractor for the excess of fifty (500) per cent. of the value of any property assessed for the construction of the work herein provided for. SECTIOid 5. The Contractor avaa.rdeu the contract herein Yrroviaea for shall be paid monthly by Im-orovement Warrants, issued by the City of Pp.ducah upon estimates furnished by the Commissioner of Public 'Io-rks, to the extent of sixty-five (65;0) per cent. of the value of the pork done or materials furnished by the Contractor during the progress of the :rork, end said Improvement ':larrants shall bear six (6%) per cent. interest from date of issual and shell be issued by the Commissioner of Public Finance upon order of the Board of Commissioners. Said Improve,ent 1.7arrants shall be negotiable, and shall constitute a lien upon the local taxes to be here- after levied for such improvement, and shall be payable at the office of the Commissioner of :Llublic Finance, without notice to the holder theroof, u-oon co::nletion and acceptance of the work, herein provided for, out of the' first collection of such local taxes, or out of tine proceeds of the sale of any Ir.uorovemert Bonds issued in e.nticip-,.tion of such local taxes. The. interest on such Improvement '.`arran•ts sh^11 be estimated and assessed Ps No. � --1 (0' Ordinance No. a Part of the Cost of the jr� m1rovoment heroin -0rovidoa or. MECT1611 6. This Ordinance shall to .e of-fect and be in force ten (10) dvYls after samo is adonted, and recorded; provided petition, accorainl-1 to - I..I' n li for a referendum vote hereon has not been filed within sp.id- ton days. RECORDED i'2 ,-RCH 22nd,.).920. PUBLISHEDI.VuRCH Z9ri , 1920. of A &41621 _Illz�l 19 Z-0 lze�—'3L' 41' " --- — W-4.