HomeMy WebLinkAboutOrdinances Book 15, Page 52, No Resolution Number52
RESOLUTION PROVIDING FOR INCREASE IN PLANNED TOTAL EXPENDITURE
FOR CAPITAL IMPROVEMENT PROJECTS.
WHEREAS, under the terms of Public Law 87-658, 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 Board of Commissioners of City of
Paducah, Kentucky
1. That as of the date of filing of an application by City of
Paducah, Kentucky (hereinafter called Applicant) with the Housing
and Home Finance Agency, United States Government), for a grant
to aid in financing the construction of system of relief sewers
to remove excess flow from overloaded combination sewers the
Applicant had a capital improvements plan 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 is $784,500.00 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 will
be increased by $51,175,000.00 for the fiscal year ending 12-31-63,
for a total increase of $51,175,000.00 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.
This resolution is adopted pursuant to the authority provided by
Chapters 58 and 89 of Kentucky Revised Statutes.
Mayor
Passed by the Board of Commissioners April 20, 1963
Recorded by Sarah Thurman, City Clerk, April 20, 1963•