HomeMy WebLinkAboutOrdinances Book 7, Page 584, No Ordinance NumberAN ORDINANCE PROVIDING FOR THE CONSTRUCTION OF THE DRIVE.AY ONj
FINLEY STREET FROI4 THE VIEST PROPERTY LII?F, QF' TENTH STREET TO THE EAST
PROPERTY LINE OF ELEVENTH STREET, IN THE CITY OF PADUC H, KEI?TUCIL'Y, BY
GRADING AND GRAVELING SAME, AT THE COST CF THE ABUTTING PROPERTY HOLDERS,
AI,?D PROVIDING THAT S_-11.1E IILAY BE PAID FOR ON THE TEN YEAR PAYIJENIT PLAN.
BE IT ORDAINED BY THE BOARD OF COiLkISSIONERS OF THE CITY OF
P:?DUCAH, YZNTUCKY:-
SECTION 1.
That the drive-xray of Finley Street, from the vrest property
line of Tenth Street to the East property line of Eleventh Street, in
the City of Paducah, Kentucky, be and the same is hereby ordered to be
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constructed; that said street shall be constructed by grading and grav2
eling same, and all to be done in strict accordance vrith the plans,
grades, specifications, widths and profiles of the Commissioner of
Public Works, ;prepared by him for such purpose, all of vrnich are adopt-',
ed as a part of this Ordinance as fully as if embraced herein or attach-
ea hereto and made a part hereof, and marked "A" for more specific
identification.
SECTION 2.
That said work shall be constructed under the direction and
supervision of the Commissioner of Public Works, and shall be commenced)
at a time designated by contract for the performance of said work, and
completed on or before Seven months after the passage and recording of
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this Ordinance.
SECTION 3.
That the cost of such construction of said street shall be
paid for vrholly by the property ovrners abutting or fronting thereon, on',
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both sides thereof, to be apportioned to and Assessed against the -oro-
Derty and property ovrners abutting thereon, on both sides thereof,
accordin, to the number of front feet abutting thereon, except that the
No.
Ordinance No....
City of Paducah shall pay such portion of such costs of construction as
required by law.
SECTIOR 4.
The Contractor awarded the contract for the work herein provided
for shall be paid only from the funds arising from the Special Tax bills
and assessments against the property abutting the improvement herein pro-
vided for, and in no other way, except that the said Contractor may be
paid out of such bonds as may be issued, in accordance with the laws of the
City �f Paducah and charter of cities of the second class of the State of
Kentucky, and for the payment of which said tax bills and assessments may
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 any of
the work herein provided for, except that the said City of Paducah 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 -wovided for.
SECTIOI? 5.
The Contractor awarded the contract herein provided for shall be
paid monthly by Improvement-;;arrants, issued by the City of Paducah upon
estimates furnished by the Commissioner of Public Works, tothe extent of
sixty-five (65%) per cent. of the value of the work done or materials fur-
nished by the Contractor during the progress of the work, and said Im-
»rovement warrants shall bear six (6f) per cent. interest from date of
issual and shall be issued b.7 the Commissioner of Public Finance upon
order of the Board of Commissioners. Said Improvement ,;'arrants 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 Public Finance, without notice to the holder thereof,
upon com"oletion and acceptance of the work herein provided for, out of
the first collection of such local taxes, or out of the -oroceeds of the .
sale of any Improvement Bonds issued in anticipation of such local taxes,
The interest on such Improvement warrants shall be estimated and assessed
as a _,part of the cost of the improvement herein provided for.
SECTIMT 6.
This Ordinance shall take effect and be in force ten (10) days
after same is adopted and recorded; provided petition, according to law,
for a referendum vote hereon has not been :Filed within said ten days.
RECORDED i,LD Y 4th, 1920.
PUBLISHED 1-UY 92k 1920.
114a.vor .
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