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HomeMy WebLinkAbout89-4-4231566 ORDINANCE NO. 89-4-4231 AN ORDINANCE APPROVING THE FINAL REPORT OF THE PADUCAH PLANNING COMMISSION RESPECTING THE PROPOSED SUBDI- VISION OF PROPERTY OF MAGNOLIA VILLAGE SUBDIVISION LOCATED BETWEEN LONE OAK ROAD AND NORTH FRIENDSHIP ROAD, AND AC- CEPTING THE DEDICATION OF PUBLIC RIGHTS-OF-WAY AND EASEMENTS AND SETTING BOND AMOUNT WHEREAS, the Paducah Planning Commission, at a meeting held on March 6, 1989, adopted a preliminary report, a plat of Magnolia Village Subdivision, and by Resolution dated March 6, 1989, recommended to the Board of Commis- sioners of the City of Paducah, Kentucky, the adoption of an ordinance approving the final plat of said subdivision reflected thereon, and accepting the dedication of the public rights-of-way and easements shown thereon; and WHEREAS, pursuant to Section 12(2)(b) the City Engineer has recommended that a performance bond or an approved letter of credit by a bank licensed to conduct business in the State of Kentucky in the amount of $440,000.00 for construction of streets, storm drainage systems, sanitary sewers, water lines, monuments, and other designated public improvements. BE IT ORDAINED BY THE CITY OF PADUCAH, KENTUCKY: SECTION 1. That a resolution adopted by the Paducah Planning Commission on March 6, 1989, entitled, "A RESOLUTION,,CONSTITUTING THE FINAL REPORT OF THE PADUCAH PLANNING COMMISSION ON THE PROPOSED SUBDIVISION OF PROPERTY OF MAGNOLIA VILLAGE SUBDIVISION LOCATED BETWEEN LONE OAK ROAD AND NORTH FRIENDSHIP ROAD", be approved as the final report of said Commission respecting the matters set forth 1, therein. SECTION 2. That the subdivision of said property shall be, and it is hereby, approved as shown on the plat referred to in said subdivision, which plat is entitled, "Magnolia Village", and said property is hereby declared to - be subdivided as shown on said plat. 567 SECTION 3. That the dedication of the public rights-of-way and public utility easements shown on said plat shall be, and they are hereby, accepted, but such acceptance shall no constitute an undertaking on the part of this Board or the City of Paducah, Kentucky, for the con- struction, improving or maintaining of said right-of-way, that being a matter for separate consideration and action. The Mayor is hereby authorized to subscribe a certificate of approval on the plat. SECTION 4. That pursuant to Section 12(2)(B) of the Paducah Subdivision Ordinance, a performance bond or an approved letter of credit by a bank licensed to conduct business in the State of Kentucky in the amount of $440,000.00, with approved corporate surety, and running to the City of Paducah, is set and that said bond or letter of credit shall be in such form and containing such contents that meet the approval of the City Engineer and the Corpora- tion Counsel of the City of Paducah. SECTION 5. That if any section, paragraph or provision of this ordinance shall be found to be inopera- tive, ineffective or invalid for any cause, the deficiency or invalidity of such section, paragraph or provision shall not affect any other 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 provi- sions. SECTION 6. This ordinance shall be read on two separate days and will become effective upon publication of title and a certified summary thereof. GERRY B. MONTGOMERY Mayor Introduced by the Board of Commissioners March 14, 1989 Adopted by the Board of Commissioners April 25, 1989 Recorded by Lenita Smith, City Clerk, April 25, 1989 Published by The Paducah Sun May 1, 19989. \zoning/subd.app