HomeMy WebLinkAboutOrdinances Book 14, Page 799, No Ordinance Numberr]
AN ORDINANCE PROVIDING FOR AND AUTHORIZING THE TRANSFER OF
X213,$20.00 FROP'i THE PUBLIC WORKS CUP'IULATIVE RESERVE FUND OF THE CITY
OF PADUCAH, KENTUCKY, TO THE URBAN RENEWAL AND COP'WUNITY DEVELOPTMNT
AGENCY OF SAID CITY FOR THE ACQUISITION OF ALL THE LAND IN AN AREA
IN SAID CITY BOUNDED ON THE NORTH BY UASHINGTON STREET, ON THE EAST
BY FOURTH STREET, ON THE SOUTH BY CLARK STREET AND ON THE WEST BY FIFTH
STREET, AS A SITE FOR THE CONSTRUCTION OF A NEW CITY HALL BUILDING, AIID
FOR THE COST OF CLEARING SAID SITE AND OTHER INCIDENTAL AND NECESSARY
EXPENSES IN CONNECTION THEREWITH
WHEREAS, on February 27, 1962, the Board of Commissioners of the
City of Paducah, Kentucky, adopted a resolution approving a request
to the Housing and Home Finance Administrator by the Urban Renewal
and Community Development Agency of said city for approval of the
undertaking of an Urban Renewal project known as the Downtown Civic
Center Project in said city, noir known as Project Ky. R-30, and
WHEREAS, on Ilay 22, 1962, the Housing and Home Finance Agency, by
letter, certified the availability of Federal funds pursuant to
Section 101 (c) of the National Housing Act of 1949 for capital grant
in the amount of *891,755.00, and
WHEREAS, on June 25, 1962, the aforesaid Urban Renewal and Community
Development Agency adopted a resolution requesting the Housing and Home
Finance Agency for consent to acquire certain land within the project
area during the project planning stake, which property is the area
in Paducah, Kentucky, bounded on the north by ."Jashington Street, on
the east by Fourth Street, on the south by ClarkStreet and on the crest
by Fifth Street, and
'^HEREAS, the City of Paducah, Kentucky, intends to subsequently
purchase said property described above at a fair and reasonable price
for the purpose of constructing a new city hall upon_ same, and
WHEREAS, the estimated cost of such early land acquisition, site
clearing and other incidental and necessary expenses in connection
therewith have been determined, and it has further been determined
that such early acquisition for a city hall site will reduce the
total project cost thereby making said project more feasible economi-
cally, and
11HEREAS, Chapter 99 of the Kentucky Revised Statutes permits the
acquisition of land by the aforesaid Urban Renewal and Community
Development Agency during the project planning stage, and
11HEREAS, by an ordinance adopted by the Board of Commissioners
of the City of Paducah, Kentucky on December 27, 1960, a Public 'rlorks
799
800
Cumulative Reserve Fund of said City was established as authorized by
Sections 66.410 through 66.460 of the Kentucky Revised Statutes to
acquire, construct, maintain, alter, repair or improve any municipal
public works, including but not limited to municipal buildings such
as a city hall building, and
WHEREAS, said ordinance and Section 66.430 of Kentucky Revised
Statutes provide that money in said Public Works Cumulative Reserve
Fund may be withdrawn from such fund for its expenditure by 'the city
proper, through any of its departments, or agencies, or by any in-
dependent agency, board „commission or authority, to which the city
has, or may have, authority to appropriate money for capital outlay, and
WHEREAS, it is now desired by the Board of Commissioners of the City
of Paducah, Kentucky that the sum of 6213,820.00 be transferred from
the Public Works Cumulative Reserve Fund of said City to the Urban
Renewal and Community Development Agency of said city for the acquisition
of the land described above.
NOW THEREFORE, BE IT ORDAINED BY THE BOARD OF COPI-IISSIONERS OF THE CITY
OF PADUCAH, KENTUCKY:
SECTION 1. That the sum of $213,820.00 be transferred from the
Public Works Cumulative Reserve Fund of the City of Paducah, Kentucky
to the Urban Renewal and Community Development Agency of said city for
the acquisition of all the land in an area in said city bounded on the
north by Washington Street, on the east by Fourth Street, on the south
by Clark Street and on the west by Fifth Street, as a site .for the
construction of a new City Hall Building, and for the cost of clearing
said site and other incidental and necessary expenses in connection
therewith, such area being a part of an Urban Renewal Project known as
the DownGo`An Civic Center Project in said City and known as Project
Kir. R-30; and that the City Manager and the City Treasurer be, and they
are hereby authorized to effect such transfer.
SECTION 2. The sum of $213,820.00 referred to in Section 1 hereof
shall be refunded to the City of Paducah, Kentucky by the Urban Renewal
and Community Development Agency of said City upon receipt lJ-r said agency
of Federal funds granted for the project mentioned in Section 1 hereof.
SECTION 3. This ordinance shall be introduced and remain on file
for at least one (1) week for public inspection in the completed form
in which it shall be put upon its final passage, and if adopted shall
801
be in full force and effect ten (10) days thereafter.
71inston Gholsson, mayor Pro Tem
John Hornsby, Commis inner
Introduced by the Board of Commissioners September 25, 1962
Passed by the Board of Commissioners October 9, 1962
Recorded by Sarah Thurman, City Clerk, October 9, 1962.