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HomeMy WebLinkAboutOrdinances Book 16, Page 1113, Ordinance Number 69-10-252ORDINANCE NO. 69-10-252 AN ORDINANCE AUTHORIZING THE MAYOR AND CITY CLERK TO EXECUTE A COOPERATION AGREEMENT BETWEEN THE CITY OF PADUCAH, KENTUCKY, AND THE URBAN RENEWAL AND COMMUNITY DEVELOPMENT AGENCY OF PADUCAH, KENTUCKY BE IT ORDAINED BY THE BOARD OF COMMISSIONERS OF THE CITY OF PADUCAH, KENTUCKY: SECTION 1. That the Mayor and City Clerk be, and they hereby are, authorized and directed to execute a Cooperation Ageeement between the City of Paducah, Kentucky and the Urban Renewal and Community Development Agency of Paducah, Kentucky, said Agreement being in words as follows: AGREEMENT BETWEEN THE CITY OF PADUCAH, KENTUCKY AND THE URBAN RENEWAL AND COMMUNITY DEVELOPMENT AGENCY OF PADUCAH, KENTUCKY THIS AGREEMENT, entered into this day of 19 , by and between the Urban Renewal and Community Development Agency of Paducah, Kentucky, a body corporate and politic under the laws of the State of Kentucky (herein referred to as the "Agency") and the City of Paducah, a municipal corporation of the State of Kentucky (herein called the "City"). WHEREAS, by resolution adopted on 19 The Board of Commissioners of the City of Paducah, Kentucky approved an urban renewal plan proposed by the Agency for the City of Paducah, known as the Urban Renewal Plan 1969; and WHEREAS, said Plan contemplates the rehabilitation and/or ac- quisition and clearance by the Agency of Areas No. 1 and No. 2 as shown in said urban renewal plan and the re -use and/or sale of various por- tions thereof for the uses indicated, all of which uses have been determined by the City to be in accordance with the General Plan for the City as a whole, and in accordance with certain definite local objectives as to appropriate land uses, improved traffic, public trans- portation, public utilities, and other public improvements, as in said plan and resolution set forth; and WHEREAS, in order for the Agency to effectuate said plan the assistance of both the Federal Government and the City is required; namely, of the Federal Government by lending funds needed to defray the gross cost of the project, and upon completion of the project and repayment of such loan by contributing three-fourths (3/4) of the net cost of the project; and of the City, by making certain local grants-in-aid (as specified by Title I of the Housing Act of 1949 as amended), as hereinafter provided, in a total amount equal to at least one-fourth (1/4) of the net cost of the Project; and WHEREAS, the Agency has applied to the Federal Government for financial assistance under said Title I, and it now devolves upon the City to take certain actions and to provide certain grants-in- aid which are estimated to be required in the total amount of $572,658 NOW, THEREFORE, pursuant to Kentucky Revised Statutes, Chapter 99 and all other applicable law, and in consideration of the benefits to accrue to the City and its citizens from the Urban Renewal Plan 1969, and of the covenants hereinafter set forth; and the Commission and the City do agree as follows: SECTION 1. _ In order to assist the Agency in the undertaking and completion of the project, the City shall provide grants-in-aid to said Agency in annual increments as follows: f 1114 a. Cash Grants -in -Aid: The City shall provide to the Agency as cash grants-in- aid for the Urban Renewal Plan 1969, the total estimated sum and amount of $300,000.00. Said estimated sum shall be paid in six (6) equal annual payments in the amount of $50,000 shall be due and payable during the calendar year 1970 and a like sum being due and payable during each con- secutive calendar year thereafter until the entire estimated sum of $300,000.00 has been paid. b. Non -Cash Grants -in -Aid: The City shall provide non-cash grants-in-aid from time to time during execution of the project in such amounts and for such purposes as the City and Agency may agree upon and are approved or approvable by the Department of Housing and Urban Development. It is understood and agreed that the City's obligation here- under is to make cash or non-cash grants-in-aid in a total amount equal to one-fourth (1/4) of the actual net cost of the project, and that the amounts payable by the City to the Agency as hereinabove set forth are based on estimates and that if the total actual net cost of the project (as determined by the Agency in accordance with its contract with the Federal Government) is greater or less than the total estimated net cost of the Project, the amount of cash payments to be made by the City to the Agency, as provided above in Section I, shall be appropriately adjusted. SECTION 11. The Agency agrees that it will convey to the City free of charge any land acquired by the Agency and required for street purposes under the urban renewal plan. SECTION III. The City agrees to act with the Agency by taking such other law- ful actions as may be determined by the City and the Agency to be necessary and desirable in connection with the undertaking and carry- ing out of the project. SECTION IV. The Board of Commissioners of the City of Paducah recognizes that Title VI of the Civil Rights Act of 1964 and the regulations and policies of the Housing and Urban Development and Executive Order 11063 prohibit discrimination on the ground of race, color or national origin in the policies and practices of any public facility, educational institution, or hospital responsible for pro- posed credit to the locality's share of the cost of any urban renewal project receiving financial assistance from the United States. The Board of Commissioners hereby assures the United States and the Department of Housing and Urban Development that the proposed fa- cilities to be provided hereunder, will be available to and serve all persons without regard to race, color, or national origin. It is further understood and agreed that in order for the City to receive non-cash credits under item I (b) above, the Agency shall obtain and submit with each application for such non-cash credit satisfactory assurances that each such public facility pro- posed as a Non -Cash Local Grant-in-aid will be operated on a non- discriminatory basis. SECTION V. The City agrees to hold the Agency harmless with respect to any claims for personal injury and/or death, or property damage arising from any operations carried on by the City in connection with the project. 1115 SECTION VI. This Agreement shall be executed in the required number of counter- parts, each of which shall be deemed to be an original and such counter- parts shall constitute one and the same instrument. IN WITNESS WHEREOF, The City of Paducah, Kentucky has caused this contract to be duly executed in its behalf and its seal to be hereunto affixed and attested; and, thereafter, the Urban Renewal and Community Development Agency has caused the same to be duly executed in its behalf this day of , 19 CITY OF PADUCAH, KENTUCKY By: (SEAL) Mayor ATTEST: THE URBAN RENEWAL AND COMMUNITY DEVELOPMENT AGENCY OF PADUCAH, KENTUCKY BY: (SEAL) Chairman ATTEST: SECTION II. This ordinance shall be introduced at a meeting of the Board of Commissioners of the City of Paducah and remain on file for at least one week for public inspection in the completed form in which it shall be put upon its final passage, and if adopted shall be in full force and effect ten (10) days thereafter. i Mayor r Introduced by the Board of Commissioners on October 6, 1969 Passed by the Board of Commissioners on October 14, 1969 Recorded by Sarah Thurman, City Clerk, on October 14, 1969.