HomeMy WebLinkAboutOrdinances Book 9, Page 242, No Ordinance NumberPA GF. 242
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1;1FFRFAS, the Board of Com-nissionrrs of the City of Paducah,
Kentucky has h_Fretofore on the 29th dry of October, 1928, adopted an
ordinance entitled, "AY OF -1 T7A.°TC" PFOVT,I'TiT(, FOr IfI17. IT7PPOV'YT7T OF SOUTH
FLEV71-TTH FTFT"T, 1"ROTY TI-' 1'CRTH CURB I.ITIP OF JT.CKFON STFF-T TO THE TIMM
"rOpIPTY LI -E OF ADAM? STPT;-*-T, III SPT" 'ITY Or P1,..'UCAH, McCP.ACKJF11 "OU 'TY,
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AT TH_. COFT OF 'IIT" : 1UT7III(: T'T-,(.P F^V 0•. -J -p2
:.ND PicCVIDIIIG THAT
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UPON ` I7T. m^N Y ' P n i'- _.tr I.SII; and
77`7- S, in accordance e•ith s^id ordinance it is provided
tT19t the cost of construction of s -id `ra.vel street and nil otl^er 1:.�ork
'one tr-r•eunde.r be paid for by the abutting, property osme.rs on both sides
of said street ,stere s -id !pork ^es done, except gnat por' ion to be Haid
Dy th- City of Paducah, es required Ly lair, and
"MEREAS, pursuant to said ordinance a contract erns ent,-red
nto on the dr7 of _ 1928, Lets^een Duke "rilliams,
ontr^ctor, and the City of Paducah, I:entucky for the construction ti-ereof,
177 PEAS, said contract hss in rill respects been completed
nd the work thereunder finished and accepted -!-by the Board of Commission,
f the Ctty of Paducah on the 23rd day of J^nuary, 1929, pursuant to the
ecomn,endation made therefor by the 0wonissioner of Public -:.'orks and
ursnnnt to a motion made by said Comlrissiorner, which motion -.'ul7
'onter3 by the Poard of Co--issionerc, 1110"', TT'-? 'rORF,
BF IT O'T'AT..,-r PY 'IT- pi„r- 0 (`C.•...TccIO1T'r.c: OF TIIl;
TTY O'' n! T' CA.I1, 317M[TCKY;
SFCTIOT? 1.
That all -or t1,r property' on "both sides of F011ih Fleventh
treet, from the North curb line of J,c':rson Ftreet to the north property
ine of 'dnrs `trent, in the City of "o,'rzcah, Kentucky, be, ^rid the F�nme
I
PAGr 243
Iis hereby assessed for the cost of construction of gravel street,
cnd all necessary engineering, ndvrrUising and legal and clerical
service in connection therec.-ith. All of said work has been done
under the ordinaneo ^nd contract afores^id, and said assessment in
as follows, to -fait;
Fn3ineering
ravel street construction 371 in eidth, x'1.50 per abutting ft.
nterest AO 00595469^556 per dollar of construction cost
0.04854368932 if it It
As sl•orrn by the Engineer's estimates on file in the office of the
Co--.r!issioner of Public '"orks, rhich estimates are adopted and made
part hereof.
-FC7'I0N 2.
That all of the funds derived from the assessment of said
property aforesaid shall be used for the purpose of prying off the
tax bills issued against said property, or such bonds as moy be
issued by the City of. Paducah purs!zant to 'oetion 3101 of the
Kentucky F'tstutes.
SECTION 3.
That pursuant to Section 3101 of the Kentucky Statutes;
as amended and re-enacted and noir in force, said assessments moy be,
at the ojition of the property owners, psyable in cash within tbirty
days from the date of the passing and recording of this ordinance,
or in ten annual installments, nursunnt to the provisions of said
Etntutes.
SF'TION 4.
In order to provide a fund for the immediate payment of
the cost of t?lat portion of the special assesrments herein provided
for, and r"ich mry br• raid on the ten year installment plan, as
hereinbefore provided for, the Ctty of Paducah may issue and sell
Imprcvement Ponds, and to secure the payment of wb ich bonds there
is hr-reby pledged such taxes and liens upon the property assessed
rerrlin for the payment of the principal and the interest on such
bonds, but said bon's sbrll not be sold for less than par, r.nd the
proceeds thcreof anplie exclusively to payment for the improvement
of said street, as hereinbefore mentioncc., and Bach bonds, if issued,
shall bear interest and ^li. be pnyable in ac^ordonce ertth the
nro"inions of section 3101 of the Kenin.cky StatI.tes, as amended and
re-enacted by the Genernl srembly of the (�oonrealth of Kort"cky
and none in force end ecf'ect.
SECTION 5.
This orrlilinncr. sh,•ll take effect nn,' be in ,force from and
after its passnge, record and D111011catJon.
e_ Lis
T'. C r: TcFTNT' 'i V_ „`' 23, 1929
P.FCor"DI D I Y 7T-71 C' T, rj-{, J ".?T'.]'X 2,1, 1929