HomeMy WebLinkAbout98-2-5825ORDINANCE NO. 98-2- ��aS
AN ORDINANCE ACCEPTING A HOME FUND GRANT IN THE AMOUNT
OF $94,606.00 FROM THE KENTUCKY HOUSING CORPORATION WITH LOCAL
MATCHING FUNDS IN THE AMOUNT OF $4,743.00, AND AUTHORIZING THE MAYOR
TO EXECUTE ALL NECESSARY DOCUMENTS FOR SAME
WHEREAS, the City of Paducah approved an application for HOME Funds
through the Kentucky Housing Corporation for the HOME Buyer Project by Municipal Order
No. 762, adopted on July 8, 1997; and
WHEREAS, the Kentucky Housing Corporation requires the City of Paducah to
formally accept said additional funds.
BE IT ORDAINED BY THE CITY OF PADUCAH, KENTUCKY:
SECTION 1. The City of Paducah hereby formally accepts a grant from the
Kentucky Housing Corporation for the HOME Buyer Project in the amount of $94,606.00.
The City will provide a local match in the amount of $4,743.00.
SECTION 2. The Mayor is hereby authorized to execute documents necessary for
the City of Paducah to obtain HOME funds in the amount of $94,606.00.
SECTION 3. The accounts for this project are HOME Fund 008 and General
Fund Reserve (001).
SECTION 4. This ordinance shall be read on two separate days and will become
effective upon summary publication pursuant to KRS Chapter 424.
May r
ATTEST:
eni a Smith, ity Clerk
Introduced by the Board of Commissioners, February 10, 1998
Adopted by the Board of Commissioners, February 24, 1998
Recorded by Lenita Smith, City Cerk, February 24, 1998
Published by The Paducah Sun, 3 /?7y Q9y
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