HomeMy WebLinkAboutOrdinances Book 12, Page 1346-A, No Resolution NumberA RESOLUTION APPROVING THE TEMPORARY DEPOSIT OF "?10,000.00
IN CASH BY ALGERNON BLAIR, INC., FOR AMID ON BEHALF OF FOREST HILLS,
INC. IN LIEU OF THE BOND PROVIDED FOR BY THE AGREEI•iENT MADE ON
NOVEP•IBER 13, 1953 BETWEEN FOREST HILLS, INC. AND THE CITY OF PADUCAH
IrENTUCKY
11HEREAS, on November 13, 1953, Forest Hills Inc. entered
into a contract and agreement with the City of Paducah, Kentucky,
providing that for and in consideration of the approval of the City
of Paducah, Kentucky, of the plat of Forest Hills, Forest Hills, Inc.
agreed to furnish engineering data locating the house sewer service
lines for each individual unit as shorm on said plat, and to furnish
the City of Paducah with a plat showing this information, and
WHEREAS, Forest Hills, Inc. is in the process of furnishing
such bond but that same cannot be furnished at this time.
MOV! THEREFORE, BE IT RESOLVED BY THE BOARD OF CMMISSIO�IS?,S
OF THE CITY OF PADUCAH, KENTUCKY:
SECTION 1. That the written proposal of Algernon Blair, Inc.
dated November 17, 1953 addressed to the Board of Commissioners of
the City of Paducah, Kentucky, offering a cash deposit of "?10,000.00
in lieu of a performance bond agreed to be furnished by Forest Hills,
Inc. be accepted pending the issuance and approval of said performance
bond by the City of Paducah, Kentucky.
SECTION 2. Upon the delivery of a satisfactory performance
bond to the City of Paducah, I<_entucky referred to above, said cash
deposit shall be refunded to Algernon Blair, Inc.
SECTION 3. This Resolution shall be in full force and effect
from and after its adoption.
Passed by the Board of Commissioners Nlovember 17, 11053
Recorded by Sarah Thurman, City Clerk, November 17, 1953.