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HomeMy WebLinkAboutMO #2908MUNICIPAL ORDER NO. 2908 A MUNICIPAL ORDER ACCEPTING GRANT FUNDS THROUGH THE DEPARTMENT FOR LOCAL GOVERNMENT FOR THE BETTER UTILIZING INVESTMENTS TO LEVERAGE DEVELOPMENT (BUILD) GRANT PROJECT IN AN AMOUNT OF $3,500,000 TO IMPROVE THE PADUCAH RIVERFRONT AND PEDESTRIAN CORRIDOR FROM THE CONVENTION CENTER TO DOWNTOWN, AUTHORIZING THE MAYOR TO EXECUTE A MEMORANDUM OF UNDERSTANDING FOR THE FUNDS AND ALL OTHER DOCUMENTS RELATED TO SAME WHEREAS, on July 9, 2019, the Paducah Board of Commissioners approved Municipal Order #2261, authorizing the application for a Better Utilizing Investments to Leverage Development (BUILD) grant to improve the Paducah Riverfront and pedestrian corridor from the Convention Center to Downtown; and WHEREAS, on August 23, 2022, the City Commission adopted Municipal Order No. 2632 accepting funds through MARAD in an amount of $10,400,000; and WHEREAS, the City has now received notification that Kentucky House Bill 1 has appropriated $3.5 million for the BUILD Project; and I �WK114YA'E WHEREAS, the City now wishes to authorize the acceptance of said funds. NOW, THEREFORE, BE IT ORDERED BY THE CITY OF PADUCAH, SECTION 1. The City of Paducah hereby accepts funds in the amount of $3,500,000 through the Department for Local Government for the BUILD Grant Project for improvements to the Paducah Riverfront and pedestrian corridor from the Convention Center to Downtown. SECTION 2. That the Mayor is hereby authorized to execute a Memorandum of Understanding for acceptance of the funds and all other documents related to same, as authorized in Section 1, above. SECTION 3. There is no local match requirement. SECTION 4. That this order shall be in full force and effect from and after the date of its adoption. a. - George Bray, Mayor ATTEST: �aIC�C ? Lindsay ParA City Clerk Adopted by the Board of Commissioners, June 11, 2024 Recorded by Lindsay Parish, City Clerk, June 11, 2024 MO\grants\award — BUILD Grant — State DLG House Bill Funds $3.5 mil