HomeMy WebLinkAboutOrdinances Book 10, Page 388, No Resolution Numberpage $88
A RESOLUTION AUTHORIZING THE CITY MANAGER TO NOTIFY THE
WORK PROJECTS ADMINISTRATION THAT THE CITY OF PADUCAH HAS AVAILABLE
ITS PORTION OF THE FUNDS NECESSARY FOR CONSTRUCTION OF A NEW THREE
(3) STORY BRICK ADDITION TO THE RIVERSIDE HOSPITAL, AND REQUESTING:
FINAL APPROVAL OF THE PROJECT AND IMIEDIATE ALLOCATION OF FUNDS
FOR USE IN THE CONSTRUCTION OF SAID ADDITION
THAT WHEREAS, the City of Paducah issued on November 8th,
Sp150,000.00 Muniicpal Hospital Revenue Bonds, numbered from 1 to 150
both incluside, each in the principal sum of $1,000.00; and,
'WHEREAS, after deducting from the proceeds derived from the..
sale of said bonds an amount sufficient for the retirement of out-
standing Hospital Revenue bonds in the principal sum of $99,000.00
held by the Disaster Loan Corporation, and the payment of $7,500.00, to
Stein Bros & Boyce, the amount due under a Proceedings Contract
entered into between the City of Paducah and Stein Bros., & Boyce
on October 22, 1940, the City of Paducah has remaining to its credit
from the sale of said bonds the sum of $42,681.00; and,
WHEREAS, there is also available �b r use in the construction
of said hospital addition the sum of $7,399.00, said sum being the
proceeds of insurance paid to said city as result of the recent
fire, making available for hospital construction the total sum of
$50,081.05.
NOVI, THEREFORE, BE IT RESOLVED B`I THE BOARD OF COMMTSSIONER,S
OF THE CITY OF PADUCAH, KENTUCKY:
SECTION 1.
That James P. Smith, City hianagdr, be authorized to notify
the Work Projects Administration that the City of Paducah has
available in cash the sum of $50TO81.05 to defray its portion of
the cost of constructing a new three (3) story brick addition to
the Riverside Hospital, and that the Work Projects Administration
be requested to approve the project and arrange for the immediate
allocation of funds for use in the construction of said hospital
addition.
SECTION 2.
This Resolution shall be in full force and effect from
and after its adoption.
S.B.Pu liam, Mayor Pro Tem
Mary Dorian, Commissioner
Passed by the Board of Commissioners, November 12, 1940
Recorded by Rudy Stewart, City Clerk, November 13, 1940