Loading...
HomeMy WebLinkAboutOrdinances Book 14, Page 387, No Ordinance Number3$ AN ORDINANCE PROVIDING FOR THE ESTABLISHMENT OF A PUBLIC WORKS .CUMULATIVE RESERVE FUND AS AUTHORIZED BY SECTIONS 66.410 THROUGH 66.460 OF KENTUCKY REVISED STATUTES, AND FOR THE USES AND PURPOSES SET FORTH IN SUCH SECTIONS; SETTING FORTH SUCH USES AND PURPOSES; PLACING AN INITIAL AMOUNT OF $p601,655.06 IN SAID FUND AS PROVIDED FOR IN THE REAPPORTIONMENT ORDINANCE OF THE CITY OF PADUCAH, KENTUCKY FOR THE YEAR 1960, WHICH ORDINANCE WAS ADOPTED BY THE BOARD OF COMMISSIONERS OF SAID CITY ON DECEMBER 27, 1960; PROVIDING FOR THE ACCUMULATION OF SAID FUND AND THE WAYS AND MEANS BY WHICH OTHER MONEY MAY BE PAID, TRANSFERRED OR CREDITED TO SAID FUND; AND REPEALING ALL ORDINANCES AND PARTS OF ORDINANCES IN CONFLICT HEREWITH WHEREAS, under the provisions of Sections 66.410 through 66.460 of Kentucky Revised Statutes any city of the Commonwealth of Kentucky is authorized through its legislative body to establish and maintain a Public Works Cumulative Reserve Fund to provide money for paying all or part of the cost of a long range program of municipal public works; into which fund may be paid, transferred or credited any money raised by taxes specified to be for the use and benefit of such fund together with any other money whether arising from taxes, loans, gifts, grants or otherwise, and WHEREAS, it is the desire of the Board of Commissioners of the City of Paducah, Kentucky to establish a Public Works Cumulative Rederve Fund as provided for by law, and WHEREAS, the Reapportionment Ordinance of the City of Paducah, Kentucky, for the year 1960 which has heretofore on this day been adopted by the Board of Commissioners of said city, set aside and allocated the sum of $601,655.06 to a Public Works Cumulative Reserve Fund as authorized by Sections 66.410 through 6x.460 of Kentucky Revised Statutes. NOW THEREFORE, BE IT ORDAINED BY THE BOARD OF COMMISSIONERS OF THE CITY OF PADUCAH, KENTUCKY: SECTION 1. Pursuant to Sections 66.410 through 66.460 of Kentucky Revised Statutes there is hereby established a Public Works Cumulative Reserve Fund to provide money for paying all or part of the cost of a long range program of municipal public works; into which fund may be paid, transferred or credited any money raised by taxes specified to be for the use and benefit of such fund, together with any other money whether arising from taxes, loans, gifts, grants or otherwise, as to which the legislative body of the City of Paducah, Kentucky has or may hereafter have authority to or does order to be paid, transferred or credited to said fund. 3$$ SECTION 2. The uses to which such Public Works Cumulative Reserve Fund shall be devoted are to acquire, construct, maintain, alter, repair or improve any municipal Public Works. The term "Public Works" shall refer to land, or buildings and structures, or either, or both, and shall include municipal buildings wherein any governmental function of the municipality, or any depart- ment, or agency thereof may be located and carried on; schools, cultural or recreational buildings, centers; structures or lands; bridges, viaducts, over passes and under passes; streets, roads, highways, sidewalks, alleys, sewers, incinerators, garbage disposal plants and other public sanitary structures or lands; public housing projects, public redevelopment or reclamation projects; public utilities; any buildings, structures or land jointly improved by the City and McCracken County; and other type of public buildings, structures or land which appear useful or necessary for municipal purposes. SECTION 3. The legislative body of the City of Paducah, Kentucky, may, from time to time, designate any one or more public works, as the term is defined herein and in Section 66.430 of Kentucky Revised Statutes, for which the fund, or parts thereof, shall be used and expended, and said legislative body shall determine when, and in what amount, the money in the Public Works Cumulative Reserve Fund shall be expended, and make provision for its withdrawal from the fund and provide for its expenditure by the city proper, through any of its departments,i or agencies, or by any independent agency, board, commission 6r authority, to which the City has, or may have, authority to appropriate money for capital outlay. SECTION 4. As provided for and set out under the provisions of the Reapportionment Ordinance of the City of Paducah, Kentucky, for the year 1960, which has heretofore on this day been adopted by the Board of Commissioners of said city, there is hereby set aside and allocated the sum of `P601,655.06 to the herein created and established Public Works Cumulative Reserve Fund. SECTION 5. All moneys paid into, transferred or credited to the herein Public Works Cumulative Reserve Fund shall accumulate in such fund until expended as provided for herein and by law, and it shall not, at any time, be subject to lapse into any other fund or become a surplus available for, or which may be used for, any other purposes than that as herein specified. 389 SECTION 6. This ordinance shall be known and referred to under a short title as "Public Works Cumulative Reserve Fund Ordinance", and any amendments hereto and any ordinances, resolutions or motions pertaining to same may refer to this ordinance by its short title aforesaid. SECTION 7, All ordinances and parts of ordinances in conflict herewith are, to the extent of such conflict, hereby repealed. SECTION 8. That if any section, paragraph or provision of this ordinance shall be found to be imoperative, ineffective or invalid for any cause, the deficiency or invalidity of such section, paragraph or provision shall not affect any other section, paragraph or provision hereof, it being the purpose and intent of this ordi- nance to make each and every section, paragraph and provision hereof separable from all other sections, paragraphs and provisions. SECTION 9. This ordinance shall be in full force and effect from and after its adoption. -�- C . C9� Playor Passed by the Board of Commissioners December 27, 1960 Recorded by Sarah Thurman, City Clerk, December 27, 1960.