HomeMy WebLinkAboutMO #2530MUNICIPAL ORDER NO. 2530
A MUNICIPAL ORDER APPROVING AND AUTHORIZING A FIRST
SUPPLEMENTAL ASSISTANCE AGREEMENT BETWEEN THE CITY OF
PADUCAH, KENTUCKY AND THE KENTUCKY INFRASTRUCTURE
AUTHORITY FOR PROJECT NUMBER Al 8-028
WHEREAS, the Board of Commissioners of the City of Paducah, Kentucky ("City") has
previously determined that it is in the public interest to acquire and construct certain facilities and
improvements (the "Project") to the City's wastewater system (the "System"); and
WHEREAS, the City previously made application to the Kentucky Infrastructure Authority
(the "Authority") for the purpose of providing monies for the Project; and
WHEREAS, in order to obtain such monies, the City entered into an Assistance Agreement
dated as of July 1, 2018 with the Authority; and
WHEREAS, since the date of the Assistance Agreement, the Authority has agreed to
provide additional monies for the Project; and
WHEREAS, to receive such additional monies for the Project it is necessary for the City
to enter into a First Supplemental Assistance Agreement with the Authority.
NOW, THEREFORE, IT IS ORDERED by the Board of Commissioners of the City of
Paducah, Kentucky, as follows:
SECTION 1. That the Board of Commissioners hereby approves and authorizes the First
Supplemental Assistance Agreement between the City and the Authority regarding Project
Number A18-028, substantially in the form on file with the City to provide the necessary financing
to the City for the Project.
SECTION 2. That the Mayor and City Clerk of the City be and hereby are authorized,
directed and empowered to execute necessary documents or agreements, and to otherwise act on
behalf of the City to effect such financing.
SECTION 3. That this Municipal Order shall take effect at the earliest time provided by
law.
ATTEST:
INDSAY PARISq `CITY CLERK
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Adopted by the Board of Commissioners, December 14, 2021
Recorded by Lindsay Parish, City Clerk, December 14, 2021
MO\KIA al 8-028 Supplement 2021
CERTIFICATE
- I, the undersigned, hereby certify that I am the duly qualified and acting City Clerk of the City of Paducah,
Kentucky; that the foregoing is a full, true and correct copy of Municipal Order 2530 adopted by the Board of
Commissioners of the City of Paducah, Kentucky at a meeting duly held on December 14, 2021 that said official
action appears as a matter of public record in the official records or journal of the Board of Commissioners; that said
meeting was held in accordance with all applicable requirements of Kentucky law, including KRS 61.810, 61.815,
61.820 and 61.823; that a quorum was present at said meeting; that said official action has not been modified, amended,
revoked or repealed and is now in full force and effect.
IN TESTIMONY WHEREOF, witness my signature this i ! �h day ofl�CUM e k' , 2021
INDS
AY PARI C Y CLERK