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HomeMy WebLinkAboutOrdinances Book 10, Page 875, No Resolution Number875 A RESOLUTION AUTHORIZING TRE CITY TREASURER TO TRAI{SFER THE II SUM OF •4,6,397.61 REMAINING IN THE SPECIAL HARD SURFACE STREET itACCOUNT TO 7iE CREDIT OF THE GENERAL FUND OF THE CITY OF PADUCAH, l AND FURTHER AUTHORIZING SAID TREASURER TO PAY INTO THE GENERAL FUND ALL ASSESSMENTS COLLECTED FOR STREET PAVING CONSTRUCTED BY �I THE CITY OF PADUCAH IN CONJUNCTION WITH Ties' WORK PROJECTS ADMIN- ISTRATION UNTIL SAID FUND IiAS RECEIVED A TOTAL CREDIT OF $38,252.21 1l AND TO HOLD ANY EXCESS COLLECTIONS SUBJECT TO THE FURTHER ORDERS II OF THE BOARD OF COMMISSIONERS. II' WH3REAS, under and pursuant to ordinances adopted by the • Loard of Commissioners, certain streets have been paved by the i City of Paducah in conjunction with the Work Projects Administration let the exclusive cost of the owners of real estate abutting upon it the improvement as provided under Section 94,290 of the 1942 Revision of the Ketuck y Statutes; and, WHEREAS, since all of said projects have now been completed, the City Nanaeer has caused an audit to be made for the purpose of determining the amount which should be paid into the general fund on account of the credits to which the City i of Paducah is entitled for rentals and other ailowances approved I by the Corks Projects Administration during the progress of I the work; and, WHEREAS, it is shown by the audit made 'by Mr. Lloyd Emery I i that the total cost of all of said street improvement assessments II liamounted to x;',324,155.95; and, WHEREAS, the City of Paducah was also required to bear the iexpense of assessments against school property and lots owned by it, which expense amounted to x4,190.43; and,' WHEREAS, that part of the aforesaid total expense chargable ilthe Cit! of Paducah for the construction of street intersections I (amounted to 038,508.42, leaving to be borne by the owners of i ,expense; property the sum of }"285,647.53 of the aforesaid total iexpense; and, Ij WHEREAS, by reason of the conservative est_mates made by the (City En ;ineer during; the progress of the work, the sum of only i i I J223,516.40 was assessed against the abutting; property owners and ,the difference of 5"62,131.13 is a part of the ex}ense which was l contributed by the City of Paducah for the use and benefit of said property owners; and, WHEREAS, under the agreement between the City of Paducah and j l the •:':'ork Projects Administration, the latter allowed the City of l Paducah for its Gasoline used on said construction jobs, for labor �furninhed by the City of Paducah, for the Cental of city owned I I 876 equipment, and for the rental of a warehouse the following credits: Credits allowed city by ','Work Projects Administration Amount Paid out of 309 Account ;"13,399.18 Payrolls 18,250.90 Rental for Equipment 108,532.16 Rent for :7PA Warehouse 2,900.00 Total Credit $145,082.24 AND WHEREAS, after deducting from the aforesaid credit of 1#143,082.42 to which the City of Paducah is entitled the cost of jstreet intersections amounting to 138,508.42, the assessments levie against school property and against lots owned by safud city amounti to $4,190.48, and the sum of $62,131.13 which the City of Paducah paid for the use and benefit of the property owners, there remains I1 to the credit of the city of Paducah the sum of $38,252.21; and, MEREAS, the total assessments levied against the owners of property abutting upon said improvements amount to ,aj,223,516.40 and the total sum paid by them amounts to 1187,471.32, leaving due and payable upon said assessments the sum of .;36,045.08; and, 'WHEREAS, the total amount collected from said taxpayers being 7;187,471.32 and the total disbursements amounting to $181,073.71, there is deposited at this time in the special street paving accoun the sum of x1'6,397.61 and all bills owing by said city for said improvements having been paid; and, 11MEREAS, it appearing from said audit report that on account o, the aforesaid credit in the sum of 10'143,082.24 allowed the City of Paducah by the •:ork Projects Administration, the general fund is entitled to reimbursement in the sum of 138,252.21; NOW, THEREFORE, BE IT RESOLVED BY TIIE BOARD OF COPM-IISSIONERS OF THE CITY OF PADUCAH, KENTUCKY: SECTION 1. That the City Treasurer, be, and she is hereby authorized and empowered to transfer to the credit of the general fund of the C City of Paducah the sum of x6,397.61 remaining in the special street paving account, and when collecting the assessments levied upon property benefitted by the aforesaid improvements, she is further authorized and empowered to deposit the same to the credit of the General Fund until there has been paid .into the general fund the total sum of 138,252.21, but the City Treasurer shall keep a separate account of all collections made upon the aforesaid street i paving assessments and in the event the total of said assessments collected shall exceed the sum of ti3II,?.52.21, she shall hold such excess subject to the further order of the -card of Commissioners. i 877 - -- 11 SEC TION z. j IThat the aforesaid sum of $6,397.61 and all additional amounts which are paid into the general fund upod the assessments levied against said property are hereby set aside and appropriated) for use in the repairing and maintenance of the paved streets constructed by the city with the assistance of the Work Projects i Administration. �+ SECTIOI4 3. This Resolution shall be in full force and effect from and after its adoption. Mayor or Passed by the Board of Commissioners, June 30th, 1943 Recorded by Hudy Stewart, City Clerk, July 1st, 1943.