HomeMy WebLinkAboutOrdinances Book 14, Page 806, No Resolution Number806
RESOLUTION OF GOVERNING BODY OF APPLICANT
RESOLUTION NO. 6 Project No.
For HHFA Use
Resolution providing for increase in planned total expenditure for capital
improvement projects.
VMREAS, under the terms of Public Law 87-658, approved September 14, 1962,
the United States of America has authorized the making of a grant to aid
in financing the construction of a specific public works project, provided
the proposed or planned total expenditure of the public body for its
capital improvement projects is increased by an amount approximately equal
to the non -Federal funds required to complete such public works project;
Mow Therefore, Be It Resolved By the Board of Commissioners of the City of
Paducah, Kentucky:
1. That as of the date of filing of an application by the City of Paducah,
Kentucky (hereafter called Applicant) with the Housing and Home Finance
Agency, United States Government, for a grant to aid in financing the
construction of sanitary sewers for recently annexed area in west end
the Applicant had a capital improvement plan or capital improvement
budget for the fiscal year or years daring which construction of the
proposed project is expected to occur; and that the total expenditure
for capital improvements in said plan or budget was $120,200.00 for the
fiscal year ending 12-31-62 and $ for the fiscal
year ending 12-31-63.
2. That, in the event that said Federal grant is approved by the United
States of America, said capital improvements plan or capital budget will
be increased by $75,000.00 for the fiscal year ending 12-31-62 and
for the fiscal year ending 12-31-63 for a total
increase of 475,000.00 in the proposed or planned total expenditure
for capital improvement projects (exclusive of Federal funds).
3. That said total increase in the proposed or planned total expenditure
for capital improvement projects is approximately equal to the non -
Federal funds required to complete the public works project for which
the application is to be submitted.
This resolution is adopted pursuant to the authority provided by Chapter 89
of Kentucky Revised Statutes.
Mayor
Introduced and passed by the Board of Commissioners October 20, 1962
Recorded by Sarah Thurman, City Clerk, October 20, 1962.