HomeMy WebLinkAboutOrdinances Book 8, Page 934, No Ordinance NumberNO. 934.'
IIAN ORDINANCE ASSESSING THE ABUTTING PROPERTY ON BOTH SIDES OF
12TH STREET, FROM THE SOUTH PROPERTY LINE OF BROADWAY TO THE NORTH PROPER
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LINE OF KENTUCKY AVENUE; 13TH STREET, FROM THE NORTH PROPERTY LINE OF
JEFFERSON STREET TO THE NORTH PROPERTY LINE OF MONROE STREET; MONROE �
STREET FROM THE WEST PROPERTY LINE OF 12TH STREET TO THE EAST PROPERTY
LINE OF 13TH STREET, IN THE CITY OF PADUCAH, KENTUCKY, FOR THE COST OF
CONSTRUCTION OF A HARD SURFACE ROAD,JAY, CONSISTING OF A CONC?:�ETE FOUNDATION
'".'ITH A.SHEET ASHPHALT TOP AS SHOI.9N ON PLANS; THAT PORTION TO BE PAID FOR
BY THE CITY OF PADUCAH, KENTUCKY, AND PROVIDING THAT SAID COST MAY BE
PAID IN TEN ANNUAL INSTALLMLNTS UPON COMPLIANCE 17ITH THE PROVISIONS OF' THE
KENTUCKY STATUTES APPLICABLE THERETO.
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WHEREAS, the General Council of the City of Paducah, Kentucky,
has heretofore, to -wit; on the 25th day of February, 1927, adopted an
ordinance, entitled, "AN ORDINANCE PROVIDING FOR THE IMPROVEMENT OF 13TH
STREET, FROM THE NORTH PROPERTY LINE OF JEFFERSON STREET TO THE NORTH
PROPERTY LINE OF MONROE STREET; MONROE STREET, FROM THE ''Eglt� PROPERTY
LINE OF 12TH STREET TO THE FAST PROPERTY LINE OF 13TH STREET; 12th Street
FROI4 THE SOUTH PROPERTY LINE OF BROADI'!AY TO THE NORTH PROPERTY LINE OF
KENTUCKY AVENUE, IN THE CITY OF PADUCAH, KENTUCKY, BY THE CONST?UCTION
OF A HARD SURFACE ROAUSAY, IN ACCORDANCE WITH THE PLANS AND SPECIFICATIONS
PROVIDED THEREFOR BY THE CITY ENGINEER, AND
WHICH PLANS AND SPECIFICATIONS
WILL APPEAR ON FILE IN THE OFFICE OF THE CITY ENGINEER, AT THE COST OF' THE
ABUTTING PROPERTY OWNERS, AND PROVIDING THAT THE COST OF SUCH CONSTRUCTION
MAY BE PAID IN ACCORDANCE LITH THE PROVISIONS OF THE TEN YEAR PAYMENT
PLAN;" and,
WHEREAS, it was provided in s,,,id ordinance that the cost of
construction of a hard surface roadway, be paid for by the abutting
property owners on both sides of said street, except that portion to be
paid for by the City of Paducah as required by law; and,
WHEREAS, pursuant to said ordinance a contract was entered into
on the 18th day of March, 1927, between D. J. Ryan Construction Company
of Davenport, Iowa, and the City of Paducah, Kentucky, fmr the construction
of same; and,
WHEREAS, said cnntr�L4 hn�ybeen completed and duly accepted
by the General Council on the 6tfi`d6yJof June, 1927, pursuant to a
recommendation of the Board of Public Works of said City, NOW, THEREFOHE,I
BE IT ORDAINED BY THE GENERAL COUNCIL OF THE CITY OF
PADUCAH, KENTUCKY:
SECTION 1.
That all: of the property on both sides of 12th Street from
the south property line of Broadway to the North property line of Kentucky
Avenue; 13th Street from the north property line of Jefferson Street to
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the north property line of Monroe Street; Monroe Street from the west
property line of.' 12th Street to the east property line of 13th Street,
NO. 935.
in the City of Paducah, Kentucky, be, and the same is hereby assessed
for the cost of construction of a hard surface roadway consisting of
a concrete foundation with a sheet asphalt top, as shown on plans as
I'i follows:
12th Street from the south property line of Broadway to the
north property line of Kdntucky Avenue per lineal foot $3.9142396.
13th Street from the north property line of Jefferson Street
to the north property line of Monroe Street per lineal foot, $,4.9022424.
Monroe Street from the west property line of 12th Street to
the east property line of 13th Street per lineal foot, `5.2428529, as
particularly shown by the City Engineer's estimate of said cost, filed
and aprroved by the General Council of said City, and which will appear
on file in the offices of the City Clerk and the City Engineer respec-
tively, and which is now referred to and made part hereof.
SECTION 2.
That the funds derived from the assessment of said property
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 Kentucky, pursuant to Section 3101 of the Kentucky
Statutes.
SECTION 3.
That pursuant to Section 3101 of the Kentucky Statutes, said
tax assessments may, at the option of the property owners, be payable
in cash without interest within thirty days from the date of passage
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and publication of this Ordinance, or in ten annual installments,
provided the property owners.within thirty days enter into a written
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agreement with said City, in accordance with the provisions of said
Section 3101 of the Kentucky Statutes.
SECTION 4.
In order to provide the funds for the immediate payment of
the cost of that portion of the aliec�ial assessments herein provided
for:, which may be paid on the ttti-;.yemi installment plan, as hereinabove
provided, the City of Paducah may issue and sell improvement bonds,
^as to secure the payment of such bonds, there is hereby pledged such
taxes and liens on the property assessed herein for the payment of
principal and interest, but such bonds shall not be sold for less than
par, and the proceeds derived therefrom shall be applied exclusively
to the payment of the cost of such construction as hereinabove provided;
and such bonds, if issued, shall bear interest and shall be payable
in aceprdance with the provisions of Section 3101 of the Kentucky
Statutes.
NO. 936.
SECTION 5.
This Ordinance shall take effect and be in force from and after
its passage, approval and publication.
U. K.
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