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HomeMy WebLinkAboutOrdinances Book 16, Page 629, No Resolution Number629 / RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE CITY OF PADUCAH, KENTUCKY, APPROVING AN AMENDED APPLICATION FOR LOAN AND GRANT FOR PROJECT ICY. R-15 AND AUTHORIZING THE CITY TO ENTER INTO A COOPERATION AGREEMENT WITH THE URBAN RENEWAL AND COMMUNITY DEVELOPMENT AGENCY WHEREAS, under the provisions of Title I of the Housing Act of 1949, as amended, the Administrator of the Department of Housing and Urban Development is authorized to provide financial assistance to Local Public Agencies for undertaking and carrying our urban renewal projects; and WHEREAS, pursuant to the said Housing Act, the Urban Renewal and Communi Development Agency (herein called the "Local Public Agency") has entered into a planning contract for financial assistance from which Federal funds have been provided for the urban renewal project identified as the "Tyler Park Ur- ban Renewal Area" (herein called the "Project") and encompassing the area bounded generally by the Beltline Highway on the South, the Illinois Central Railroad tipple track onthe West, Powell -Gilson, Bethel and Yeiser Streets on the North, and the City Limits line on the East in the City of Paducah, State of Kentucky, (herein called the "Locality"); and WHEREAS, the Local Public Agency heretofore has applied for additional financial assistance under such Act and it now proposes to enter into an Amend - tory Contract with the Department of Housing and Urban Development for the com pletion of, and for making available additional financial assistance for, the Project; and WHEREAS, there has been prepared and referred to the Board of Commiss of the Locality (herein called the "Governing Body") for review and approval of an Amended Application for Loan and Grant dated June 10, 1968 which pre- scribes an increase in Federal Capital Grant and a decrease in Relocation Granl; and WHEREAS, said Amended Application for Loan and Grant has been approved by the Members of the Local Public Agency, as evidenced by the copy of said Agency's duly certified resolution approving said Amended Application for Loan and Grant, which is attached thereto; and WHEREAS, the Governing Body desires to continue its support and contri- butions to the Local Public Agency for development and completion of the project; and WHEREAS, the Governing Body is cognizant of the conditions that are imposed in the undertaking and carrying out of urban renewal projects with Federal financial assistance under Title I, including those prohibiting discrimination because of race, color, creed, or national origin; 630 NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE CITY OF PADUCAH, RENTUCRY: SECTION 1. That said Amended Application for Loan and Grant for the increase in Federal Capital Grant and decrease in the Relocation Grant for the Project aforementioned, having been reviewed, and considered, is hereby approved, and the City Clerk be and she is hereby directed to file said copy of said Amended Application for Loan and Grant with the minutes of this meeting. SECTION 2. That it is hereby found and determined that the financial aid provided and to be provided pursuant to said Amendatory Contract for Federal financialassistance pertaining to the Project is necessary to enable the Project to be completed in accordance with the Urban Renewal Plan for the Project Area. SECTION 3. That additional financial assistance under the provisions of Title I of the Housing Act of 1949, as amended, is necessary to enable the com- pletion of the site improvements in accordance with the Urban Renewal Plan for the Project Area and, accordingly, the filing by the Local Public Agency of an Amended Application for Loan and Grant for such financial assistance under said Title I is hereby approved. SECTION 4. That the Mayor, or Mayor protem while acting as Mayor, and the City Clerk be, and they hereby are, authorized and directed to execute a cooperation agreement on behalf of the Governing Body with the Local Public Agency providing for installation of site improvements, and/or cash to install site improvements and a cash Local Grant -in -Aid of $45,860. SECTION 5. This Resolution shall be in full force and effect from and after its adoption. Mayor Protem / �lLI7-GGQ_v 1 � �Lc-�-S�t�LGCIi�/ Commissioner Commissioner Passed by the Board of Commissioners June 11, 1968 Recorded by Sarah Thurman, City Clerk, June 11, 1968.