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HomeMy WebLinkAbout2014-05-8145821 ORDINANCE NO. 2014-5-8145 AN ORDINANCE AUTHORIZING THE MAYOR TO EXECUTE A REIMBURSEMENT AGREEMENT WITH THE ELECTRIC PLANT BOARD OF THE CITY OF PADUCAH, KENTUCKY D/B/A PADUCAH POWER SYSTEM FOR THE ELECTRICAL CONSTRUCTION RELATED TO THE OLIVET CHURCH ROAD ROADWAY IMPROVEMENT PROJECT BE IT ORDAINED BY THE CITY OF PADUCAH, KENTUCKY: SECTION 1. That the City of Paducah hereby authorizes the Mayor to execute a reimbursement agreement between the Electric Plant Board of the City of Paducah, Kentucky d/b/a Paducah Power System and the City of Paducah, Kentucky, for reimbursement for actual labor and materials necessary for electrical construction to complete the Olivet Church Road Roadway Improvement Project at the estimated cost of $225,000.00. In the event the total invoice amount exceeds the estimated amount required to complete said project, the City hereby authorizes the Finance Director to issue payment for the actual total costs to Paducah Power System. SECTION 2. Funds will be expended from Project Account ST0027. SECTION 3. This ordinance shall be read on two separate days and will become effective upon summary publication pursuant to KRS Chapter 424. ATTEST: Tammara S. Sanderson, City Clerk Introduced by the Board of Commissioners May 13, 2014 Adopted by the Board of Commissioners, May 20, 2014 Recorded by Tammara S. Sanderson, City Clerk, May 20, 201 Published by The Paducah Sun, May 28, 2014 \ord\eng\reim-PPS(Olivet Church Rd Improv)