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HomeMy WebLinkAboutOrdinances Book 14, Page 822, No Resolution Number$22 j RESOLUTION PROVIDING FOR INCREASE IN PLANNED TOTAL EXPENDITURE FOR CAPITAL IMPROVEMENT PROJECTS Whereas, under the terms of Public Law $7-656, approved September 14, 1962, the United States of America has authorized the making of grants to aid in financing construction of specific public works projects, 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 projects: 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 fire station 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 im- provements in said plan or budget was $120,200. for the fiscal year ending 12/31/62 and $------ for the fiscal yeat 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 of $ 0 for the fiscal year ending 12/31/62 and $105,000. for the fiscal year ending 12/31/63 for a total increase of $105,000. in the proposed or planned total expenditure for capital improvement projects (exclusive of Federal Funds). 3. That said 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. 4 adopted on October 20, 1962. This resolution is adopted pursuant to the authority provided by KRS $9.590. Mayor Adopted by the Board of Commissioners November 5, 1962 Recorded by Sarah Thurman, City Clerk, November 5, 1962.