HomeMy WebLinkAboutOrdinances Book 14, Page 813, No Resolution Number813
RESOLUTION OF GOVERNING BODY OF APPLICANT
RESOLUTION NO 7, Project No.
(For HHFA Use
Resolution providing for increase in planned total expenditure for
capital improvement projects.
WHEREAS, under the terms of Public Law 87-65$, 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 approxi-
mately equal to the non -Federal funds required to complete such public
works project:
Now, 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 new City Hall building, the Applicant
had a capital improvements plan or capital improvement budget for the
fiscal year or years during 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. for the fiscal year
ending 12/3./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 $ 0 for the fiscal year ending 12/31/62 and
600,000. for the fiscal year ending 12/31/63 for a total increase of
600,000. 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.
4. This resolution supplements and supersedes Resolution No. 2 adopted
on October 20, 1962.
This resolution is adopted pursuant to the authority provided by KRS $9.590.
-"e;
Mayor
Introduced and Passed by the Board of Commissioners October 23, 1962
Recorded by Sarah Thurman, City Clerk, October 23, 1962.