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HomeMy WebLinkAbout2026-02-8868ORDINANCE NO. 2026-02-8868 AN ORDINANCE AUTHORIZING THE MAYOR TO EXECUTE A SURETY AGREEMENT WITH CHAPMAN PROPERTY DEVELOPMENT, LLC, ACCEPTING A SUBDIVISION SURETY BOND IN AN AMOUNT OF $150,000, ACCEPTING THE STREET ACCEPTANCE PLAT FOR MELODY LANE, AND ACCEPTING THE DEDICATION OF PUBLIC RIGHT-OF-WAY AND PUBLIC IMPROVEMENTS WHEREAS, in August 2025, a Waiver of Subdivision was approved for Chapman Property Development, LLC; and WHEREAS, on September 15, 2025, the Paducah Engineering Department approved a Site Development Plan for the Vermont Street Apartments; and WHEREAS, on January 6, 2026, the Paducah Engineering Department received the final Street Acceptance Plat for Melody Lane; and WHEREAS, the Developer intends to build and dedicate a new street, to be named Melody Lane, to provide access to the new development; and WHEREAS, Chapman Property Development, LLC has submitted a $150,000 surety in the form of a Subdivision Surety Bond issued by Merchants Bonding Company for completion of the public improvements pursuant to the City of Paducah Ordinances. NOW, THEREFORE, BE IT ORDAINED BY THE CITY OF PADUCAH, KENTUCKY: SECTION 1. That the City hereby authorizes the Mayor to execute the Surety Agreement with Chapman Property Development, LLC, and all documents related to the same. SECTION 2. The City hereby accepts the Subdivision Surety Bond in the amount of $150,000 as security for the completion of all required public improvements associated with Melody Lane, including but not limited to grading, drainage, stormwater facilities, curbs, gutters, paving, right-of-way improvements, and related engineering and administrative requirements, all in accordance with the approved plans and the minimum standards of the City of Paducah Engineering Department and the City of Paducah Code of Ordinances. SECTION 3. That the dedication of the public right-of-way and public utility easements shown on the Street Acceptance Plat are hereby found to be beneficial to the City of Paducah and shall be, and they are hereby, accepted for public use; however, maintenance responsibility for the public improvements within said right-of-way shall not commence until such improvements have been fully completed, inspected, and accepted by the City of Paducah in accordance with the City of Paducah Code of Ordinances and the terms of the Surety Agreement. The Mayor is hereby authorized to subscribe a certificate of approval on the plat. Further, all connections to the established street, including entrances, private roads, and driveways within the existing right of way are privately maintained features in accordance with Paducah Code of Ordinances Sec. 98-35 and 98-377. SECTION 4. That if any section, paragraph or provision of this ordinance shall be found to be inoperative, ineffective or invalid for any cause, the deficiency or invalidity of such section, paragraph or provision hereof, it being the purpose and intent of this ordinance to make each and every section, paragraph or provision hereof, it being the purpose and intent of this ordinance to make each and every section, paragraph and provision hereof separable from all other sections, paragraphs and provisions. SECTION 5. This ordinance shall have two sepgAreadings and will become effective upon summary publication pursuant to KRS Ifapt George Bray, Mayor ATT -ST: ndsay Parish, Citi 'lerk Introduced by the Board of Commissioners, January 27, 2026 Adopted by the Board of Commissioners, February 10, 2026 Recorded by Lindsay Parish, City Clerk, February 10, 2026 Published by The Paducah Sun, February 13, 2026 \ord\eng\Melody Lane — Chapman Property Development