HomeMy WebLinkAboutOrdinances Book 16, Page 755, No Resolution Number755 /
A RESOLUTION DECLARING THE INTENTION OF THE BOARD OF
COMMISSIONERS OF THE CITY OF PADUCAH REGARDING THE USE OF FUNDS FOR
STREET IMPROVEMENT TO BE AVAILABLE FROM THE SALE OF $1,000,000 OF
VOTED PUBLIC IMPROVEMENT BONDS
WHEREAS the language of the question to be presented to the
voters of the City of Paducah on the ballot on November 5, 1968, 0
will provide for using bond money for improving and constructing
streets, and
WHEREAS said question will also provide for permission to
use said money to purchase facilities and equipment necessary to
enable the City to accomplish street improvements and construction,
NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS
OF THE CITY OF PADUCAH, KENTUCKY:
SECTION 1. That the said Board does hereby declare that it
is its intention that any money raised from the approval and issuance
of $1,000,000 of City of Paducah Voted Public Improvement Bonds as
will be voted on on November 5, 1968, will be used only for improving
existing streets and that no new streets will be constructed with the
bond funds, and further that the City will not use any of the funds to
purchase, construct or operate an asphalt plant of any type, and also
that the said improvements will be so scheduled and programmed as to be
completed within three (3) years from the sale of the bonds.
SECTION 2. That this resolution shall be in full force and
effect from and after its adoption.
^v
Mayor
Passed by the Board of Commissioners October 1, 1968
Recorded by Sarah Thurman, City Clerk, October 1, 1968.