HomeMy WebLinkAbout05/23/84No. 294
Proceedings of Board of Commissioners City of Paducah
May 25, 1984
At a Called Meeting of the Board of Commissioners held in the Commission Chamber, City
Hall, on May 25, 1984, Mayor Viterisi presided and upon call of the Roll, the following answered to
their names: Commissioners Cole, Ford, Grumley and Mayor Viterisi (4). Commissioner Coleman was
absent (1)
Commissioner Cole offered motion, seconded by Commissioner Grumley, that the executed
✓ copies of notices of Called Meeting to be held at 9:00 a.m. on Friday May 25, 1984, be received and
File Notices Called Meeting
filed. Adopted on call of the Roll, Yeas, Commissioners Cole, Ford, Grumley and Mayor Viterisi (4).
Commissioner Grumley offered motion, seconded by Commissioner Ford, that the Board of
Commissioners adopt an ordinance entitled, "AN ORDINANCE AUTHORIZING $2,1003,000 CITY OF PADUCAH,
KENTUCKY FIRST MORTGAGE REVENUE BONDS, SERIES A (RESIDENTIAL CARE CENTER OF PADUCAH, INC. PROJECT)
AND $9009000 CITY OF PADUCAH, KENTUCKY REVENUE BONDS, SERIES B (RESIDENTIAL CARE CENTER OF PADUCAH,
INC. PROJECT); AUTHORIZING THE EXECUTION AND DELIVERY OF A LOAN AGREEMENT PROVIDING FOR PAYMENTS
Residential Care Center Bond SUFFICIENT TO PAY THE PRINCIPAL OF, PREMIUM, IF ANY, AND INTEREST ON SUCH BONDS; AUTHORIZING THE
Issue EXECUTION AND DELIVERY OF AN INDENTURE OF TRUST TO SECURE SUCH BONDS; CONFIRMING SALE OF SAID BONDS
TO THE PURCHASERS THEREOF; AND RELATED MATTERS". This ordinance is summarized as follows:
Authorizing the issuance of $2,100,000 Series A Revenue Bonds and $900,000 Series B Revenue Bonds
for the purpose of paying the cost of acquisition, improvement and equipping the Project (Resi-
dential Care Center). Adopted on call of the Roll, Yeas, Commissioners Cole, Ford, Grumley and
Mayor Viterisi (4).
Commissioner Grumley offered motion, seconded by Commissioner Ford, that the meeting be
adjourned. Adopted on call of the Roll, Yeas, Commissioners Cole, Ford, Grumley and Mayor Viterisi
Adopted:
City Clerk
Mayor