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Home My WebLink About08/25/70W, Proceedings of Board of Commissioners . City of Paducah _ .-August 2-5, A regulat meeting of the Board of Commissioners of the City of Paducah, Kentuckyl was convened at the usual and customary meeting place in the City Hall at Paducah, Kentucky, on the 25th day of August, 1970, at the hour of 7:30 P.M., local time. Mayor Robert C. Cherry was in the Chair presiding, and upon call of the Roll, it was determined that the following members were present: H. E. Fisher, Rev. W. G. Harvey, John Hornsby and Henry Puryear. The following were absent: None. It appearing that a quorum was present, the Mayor called the meeting to order, and announced that it had been properly convened for the transaction of business, according to law. The Mayor reminded the members of the Board of Commissioners that upon the occasion of the special meeting which was called and held on August 11, 1970, the Board of Commissioners approved on its first reading the so-called "Series B and Series C Ordinance" authorizing for the benefit of Paducah Junior College (now known as University of Kentucky, Paducah Community College), the issuance of $412,000 "Consolidated Educational Buildings Revenue Bonds - Series B" and $350,000 "Con- solidated Educational Buildings Revenue Bonds - Series C"; that the special meeting of August 11 was adjourned, and was convened on August 18, 1970; that on the occasion of the adjourned meeting on that date the "Series B and Series C Ordinance" was adopted on its second reading, an emergency was declared by motion, and thereby it was provided that said Ordinance would become effective immediately upon publication, and that said Ordinance has since been published and is now in full force and effect. He also reminded the members of the Board that the Board had adopted a Resolution approving the "Notice of Sale" and other related sale documents, in order that the Notices ipight be published in accordance with KRS Chapter 424, and prior to August 18, 1970, in anticipation of receiving bids for the purchase of the Series B Bonds and of the Series C Bonds at public sale upon the occasion of the Board's regular meeting on this date. The Mayor further reported to the Members of the Board of Commissioners that the approved forms of the "Notice of Sale of Bonds" had been duly published in the Paducah Sun -Democrat in its issue of August 14, 1970, in The Courier -Journal, Louisvil Kentucky, in its issue of August 17, 1970, and in The Daily Bond Buyer, New York, New York, in its issue of August 17, 1970, -- all in compliance with the publication requirements of KRS Chapter 424; and that in accordance with such proceedings, proper public solicitation of bids for the purchase of the City's $412,000 "Consolidated Educational Buildings -Revenue Bonds, Series B" and $350-,000 "Consolidated Educational Buildings Revenue Bonds, Series C" had been duly made and that the Fiscal Agent has disseminated the "Statement of Terms and Conditions of Bond Sale," the "Official Bid Forms," and an "Official Statement" providing adequate information for bidders. The Mayor exhibited to the board of Commissioners copies of Affidavits of proper officers of the three named publicationsm showing official publication of the IL 100 Board of Commissioners August 25, 1970 Proceedings of _ _ City of Paducah _ Julian 15. McFarland, Ji Carrol Walder Board of Adj• ustment "Notices of Sale of Bonds," as above recited. Upon motion by Commissioner Hornsby, s by Commissioner Puryear, and unanimously passed, it was ordered that said Affidavits be received, filed and preserved by the City Clerk, together with copies of the "Notices of Sale of Bonds," the "Statement of Terms and Conditions of Bond Sale," and the "Official Bid Forms," the "Official Statement," and the accompanying list of interested parties to whom copies of all of the foregoing were sent by the Fiscal Agent without advance solicitation; and as constituting official records of the City relating to the public offering of said Bonds, but without recording such instruments in full in the minutes of this meeting. The Mayor announced that the time for the consideration of bids had arrived, and declared the bidding for the Series B and Series C Bonds, to be closed; and the City Clerk then produced the only bid for the Series B Bonds received, this being an envelope identified on the outside thereof as being from the U. S. Department of Health, Education and Welfare and as constituting a bid for the purchase of said Series B Bonds. The Mayor inquired whether any other parties were present for the purpose of tendering bids for the purchase of said Series B Bonds, and no response was received. The Mayor then publicly opened and publicly read the purchase bid received from the U. S. Department of Health, Education and Welfare (HEW), the same constituting HEW's offer to purchase the entire $412,000 "Consolidated Educational. Buildings Revenue Bonds, Series B," upon terms of the face value thereof, together with interest thereon r from August 1, 1970, to the date of delivery and payment, upon condition that all of the Series B Bonds shall bear interest at 3/ per annum; subject to acceptance by the City of equal or better bids which might be received from others. The City Clerk was then directed to submit to the Mayor all sealed bids received in the office of the City Clerk, prior to the published day and hour, for the purchase of the "Consolidated Educational Buildings Revenue Bonds, Series C" and this was done. Prior to the opening thereof the Mayor inquired whether there was complaint or objection by any interested party that any one or more of the bids about to be opened and considerei had been received in the office of the City Clerk later than the hour designated in the published notices. No such complaint or objection was heard. The bids were then publicly opened and publicly read. (At this point other business was taken up while the bids were being tabulated) Mayow Cherry offered motion, seconded by Commissiober Fisher, that the reading of the Minutes for. August 11, 18th and July 28, 1970 be waived, and that,the Minutes of said meetings prepared by the City Clerk be'approved as written. Adopted on call of the Roll, Yeas, Commissioners Fisher, Harvey, Hornsby, Puryear and Mayor Cherry (5). Mayor Cherry made the following appointments: The terms of office of Charles _ r Riemann and Julian B..McFarland, Jr. as members of the Paducah Board of Adjustment, will expire on August 31, 1970, I hereby reappoint Julian B. McFarland, Jr and appoint Carrol Walden as 'members of said board for terms of four (4) years,:each, so that said Board shall be composed of the following members: ed 101 Proceedings of Board of Commissioners City of Paducah Appoint Cha lre s Clark Mrs. Irene Kei Gordon Meeks Paducah Planni Commission Approve Julian B. McFarland, JY Carrol Walden Bd. of Adjustmer Approve Mrs. Irene Keiler, Charles Clark Gordon Meeks Paducah Plann Commission Petition "No G Parking" signs on Linden Street Exonerations 3848 thru 4914 E. P. Larson whose term expires August 31, 1971 Mrs. Mildred Washburn whose term expires August 31, 1972 Leslie Feast whose term expires August 31, 1973 August 25, 1970 Julian B. McFarland, Jr. whose term expires August 31, 1974 Carrol Walden whose term expires August 31, 1974 Mayor Cherry made the following appointments: WHEREAS the terms of office of J. K. Koster and Mrs. Dalam Hart as members of the Paducah Planning Commission will expire on August 31, 1970, I hereby, subject to the approval of the Board of Commission4sI appoint Charles Clark and Mrs. Irene Keiler as members of said Commission for terms of four (4) years each, and WHEREAS pursuant to an ordinance adopted on August 11, 1970 increasing the number of members of the Paducah Planning Commission, I hereby, subject to the approval of the Board of Commissi-oners:,-appoint Gordon Meeks as -a member of said Commission for a term of two (2) years, so that said Commission shall be composed of the following: Robert W. Levin whose term expires August 31, 1971 J. Patrick Kerr whose term expires August 31, 1971 Wilbur M. Lee whose term expires August 31, 1972. Gordon Meeks whose -term expires August 31, 19-72 Andrew S. Wood whose term expires August 31, 1973 Richard.A. Williams whose -term expires August 31, 1973 Mrs. Irene Keiler whose term expires August 31, 1974 Charles Clark whose term expires August 31, 1974 Commissioner Harvey offered motion, seconded by Commissioner Fisher that the Board of Commissioners approve the action of.. Mayor Robert C. Cherry reappointing Julian B. McFarland, Jr., and appointing Carrol Walden as members of the Paducah Board of Adjustment. Adopted on call of. the Roll, Yeas, Commissioners Fisher, Harvey, Hornsby, Puryear and Mayor Cherry (5). Commissioner Fisher offered motion, seconded by Commissioner Harvey, that the Board of Commissioners approve the action of -Mayor Robert -C. Cherry appointing Mrs... Irene Keiler, Charles Clark and Gordon Meeks as members of the Paducah Planning - Commission. -- Adopted. on. ,call- of th-e- Ro11,,= Yeas, Comm-issioners.Fishe-r., Harvey, Hornsby, Puryear and Mayor Cherry (5) . Commissioner.Hornsb.y offered motion seconded-by.Commissioner Puryear, that the petiti-on signed by th-e- residents- of . Linde -n Street regarding "no parking" signs be received and filed. Adopted on call of the Roll, Yeas, Commissioners -Fisher, Harvey, Hornsby, Puryear and Mayor Cherry (5). Commissioner Fisher offered motion, seconded by Commissioner Harvey, that exonerations prepared and delivered by the City Treasurer being numbered 3848 thru 4914 inclusive be -received and filed and the amounts of same totaling -$22,401.14 be exonerated on -the tax bills shown and designated by said exonerations. Adopted.on call of the Roll,Yeas, Commissioners Fisher, Harvey, Hornsby, Puryear and Mayor Cherry (5) . 102 Proceedings of Board of Commissioners City of Paducah ___August 25 , 1970 Terminate Refuse Div. Edw. George J. D. Pace Floodwall / terminate ✓ % T. D. Wynn/ Patrolmen promoted to Commissioner Fisher offered motion, seconded by Commissioner Harvey, that upon recommendation of the City Manager the following personnel changes be made: 1. The following laborers in the Refuse Division of the Public Works Department be terminated: Edward George, effective June 15, 1970 J. D. Pace, effective July 29, 1970 2. T. D. Wynn, temporary laborer in the Floodwall Department, be terminated, effective August 26, 1970 Adopted on call of the Roll, Yeas, Commissioners Fisher, Harvey, Hornsby, Puryear and Mayor Cherry (5) . Commissioner Harvey offered motion, seconded by Commissioner Fisher, that on Sergeant recommendation of the City Manager the following personnel changes be made: Everett Dunl p 1. The following patrolmen in the uniform division of the Police Department Billy Cunning - be promoted to Sergeant in said department, effective September 1, 1970: ham Edgar Stratton Everett Dunlap Bill Lyles Billy Cunningham Edgar Stratton - Lia $ility In Frank Ingram Contractor Settle Claiml John Oehlschj laeger j Liability I W.T.Wilkins File docume Bond Sale Jr. College 2. Bill Lyles, patrolman in the Detective Division of the Paducah Police Department be promoted to Sergeant, effective September 1, 1970. Adopted on call of the Roll, Yeas, Commissioners Fisher, Harvey, Hornsby, Puryear and Mayor Cherry (5) . / Commissioner Hornsby offered motion, seconded by Commissioner Puryear, that the Certificate of Insurance issued by Security Insurance Company of Hartford to Frank Ingran d/b/a Frank Ingram Contractor, for a period of one year from August 21, 1970, be received, approved and filed. Adopted -on-call of the Roll, Yeas, Commissioners Fisher, Harvey, Hornsby, Puryear and Mayor Cherry (5). Commissioner Puryear offered motion, seconded by Commissioner Hornsby, that the claim of John Oehlschlaeger in the amount of $29.93 for damage to his neon sign at 21st and Old Mayfield Road as result of a police investigation on his premises on April 23. 1970, be approv-ed and that the City Treasurer be authorized to pray same after first obtaining a complete and final release. Adopted on'call of the Roll, Yeas, Commissioners Fisher, Harvey, Hornsby, Puryear and Mayor Cherry (5). Commissioner Puryear offered motion, seconded by Commissioner Hornsby, that the Certificate of Insurance issued by The Fidelity and Casualty Company of New York to W'. T. Wilkinson and the City of Paducah, Kentucky, for a 'period of one year from September 14, 1970, be received, approved and filed. Adopted on call of the Roll, Yeas, Commissioners Fisher, Harvey, Hornsby, Puryear and Mayor Cherry (5)-. Commissioner Hornsby offered motion, seconded by Commissioner Puryear, that the following documents pertaining to the sale of $412,000 Consolidated Educational Buildings Revenue Bonds, Series B,- acid $350,-000 Consolidated Educational -Buildings Revenue Bonds, Series C, be received, filed and preserved: 103 Proceedings of Board : of Commissioners City of Paducah Improve U.S. 45I Request bids Sewer pipe and Accessories Sell lots to Gordon Meeks 7th & Northview Attorney fees collect back taxes -amended Suspend Rules st - 25 . --1970 Affidavit of Publication of Notice of Sale of Bonds - Paducah Sun -Democrat Affidavit of Publication of Notice of sale of Bonds - The Courier -Journal, Louisville, Kentucky ' Affidavit of Publication of Notice of Sale of. Bonds - The Daily Bond Buyer, New York, New York Copy of "Notices of sale of Bonds" Copy of "Statement of Terms and Conditions of Bond Sale" Copy of "Official Bid Forms" Copy of "Official Statement" List of interested parties to whom copies of all bond sale documents were sent by the Fiscal Agent., Adopted on call of the Roll, Yeas, Commissioners Fisher, Harvey, Hornsby, Puryear and Mayor Cherry (5) . Commissioner :Harvey offered motion, seconded by Commi-ssioner.--Fisher, ,that a Resolution entitled "A RESOLUTION CONCERNING THE IMPROVEMENT OF U. S. HIGHWAY 45 BETWEEN PADUCAH AND MAYFIELD, KENTUCKY", be adopted. Adopted..on call of. the Roll Yeas, Commissioners Fisher, Harvey, Hornsby, Puryear and Mayor Cherry (5). Mayor Cherry offered motion, seconded by Commissioner Harvey, that a resolution entitled "A RESOLUTION REQUESTING AND AUTHORIZING THE OITT MANAGER TO ADVERTISE FOR BIDS FOR PIPE AND ACCESSORIES TO BE USED IN THE CONSTRUCTION OF SANITARY SEWERS", be adopted. Adopted on call of the Roll, Yeas, Commissioners Fisher, Harvey, Hornsby, Puryear and Mayor Cherry (5). Commissioner Fisher offered motion, seconded by Commissioner Harvey, that an ordinance entitled "AN ORDINANCE ACCEPTING THE BID OF GORDON MEEKS TO PURCHASE THE INTEREST OF THE CITY OF PADUCAH IN FOUR TRACTS OF LAND NEAR 7TH STREET AND NORTHVIEW (TERRELL) STREET FOR THE SUM OF $450.00; AND AUTHORIZING THE MAYOR AND CITY CLERK TO EXECUTE A QUITCLAIM DEED", be adopted. Adopted on call of the Roll, Yeas, Commissioners Fisher, Harvey, Hornsby, Puryear and Mayor Cherry (5). Commissioner Hornsby offered motion,. seconded by Commissioner Purye�ar, that an ordinance entitled "AN ORDINANCE AMENDING SECTION 29-45 of the Code of Ordinances CITY OF PADUCAH, KENTUCKY", be adopted. ' Adopted on call of the Roll,- Years, Com- missioners Fisher, Harvey, Hornsby, Puryear and Mayor Cherry (5).' Commissioner Fisher then offered the following motion: I move that the Rules of this Commission be suspended for the purpose of taking action upon various motions and resolutions pertaining to the sale of the Consolidated Educational Buildings Revenue Bonds, Series B and Series C, for the benefit of the Paducah Junior College (now known as University of Kentucky, Paducah Community College. Adopted on call of the Roll, Yeas, Commissioners Fisher, Harvey, Hornsby, Puryear and Mayor Cherry (5). No. 104 Proceedings of Board of Commissioners City of Paducah— August 25, 1970 File bid of HEW on Jr. College bond (Series B) File bids Series C, Jr College Bond Accept bid HEW Series B Jr. College Bonds Commissioner Fisher offered motion, seconded by Commissioner Harvey, that the bid of U. S. Department of Health, Education and Welfare for the purchase of the City's $412,000 Paducah Junior College (now known as University of.Kentucky Paducah Community College) Consolidated Educational Buildings Revenue Bonds,:Series B, be received and filed. Adopted on call of the Roll, Yeas, Commissioners Fisher, Harvey, Hornsby, Puryear and Mayor Cherry (5). Commissioner Harvey offered motion, seconded by Commissioner Fisher as follows: I move that the following bids for the purchase of the City's $350,000 Paducah Junior College (now known as University of Kentucky Paducah Community College) Consolidated Educational Buildings Revenue Bonds, Series C,-be.received and filed: Price Offered. Name of Bidder (Exclusive of Accrued Interest) Peoples First National Bank & $346,500.00 Trust Co. and Citizens Bank & Trust Co. Stein Bros. & Boyce, Div._ _._346,500.00 of Bache & Co. Hilliard, Lyons, Cherokee Securities, Corp. and Stifel Nicolaus, & Co. Hibbard, O'Conner & Weeks, Inc. UMIC. Inc: Memnhis. Tennessee Johnson, Brown'& Burnett, Inc. 346,500.00 3,4.6, 500.00 346,5Q0.00 346,610.00 Interest Coupon Rate or Rates Stipulated 6% - 1971 - 1976 52°% - 1977 - 1981 6% - 1982 - 1986 54°% - 19..71 - 1973 5-3/4% - 1974 - 1979 6% - 1980 - 1981 6 4°% - 1982 - 1983 62°% - 1984 - 1986 5-7/8% - 1971 - 1980 6% - 1981 - 1982 614% - 1983 6,40% - 1984 6.50°% - 1985 - 1986 75/o - 1971 - 1975 6'2°% - 1976 - 1980 6.60% - 1981. - 6.75% - 1982 - 1986 6% .- 1971. "-. 1974 61-4-/o - 1975 - 1979 620/o - 1980 - 1983 6-3/4% - 1984 - 1986 6% -1971 - 1981 64°% - 1982 - 1983 62°% - 1984 - 1986 Adopted on call of the Roll, Yeas;....Commissioners _Fisher, .Harvey, :-Hornsby, Puryear and Mayor Cherry (5) '. ' _ Commissioner Harvey offered motion, seconded by Commissioner Fisher that a Resolution entitled "A RESOLUTION ACCEPTING THE BID OF THE U. S. DEPARTMENT OF HEALTH, EDUCATION AND WELFARE FOR THE PURCHASE OF THE CITY'S $412,000 -PADUCAH JUNIOR COLLEGE (NOW KNOWN AS UNIVERSITY OF KENTUCKY, PADUCAH COMMUNITY COLLEGE) CONSOLIDATED EDUCATIONAL BUILDINGS REVENUE BONDS, SERIES B'11, be adopted. Adopted on call of the Roll, Yeas, Commissioners Fisher, Harvey, Hornsby, Puryear and Mayor Cherry (5). No. 105 Proceedings of Board of Commissioners CRY of Paducah August 25,-1970 Accept bid Peoples & Citizens Banks on Series C Jr. College Bonds Commissioner Hornsby offered motion, seconded by Commissioner Puryear, that a Resolution entitled "A RESOLUTION ACCEPTING THE BID OF PEOPLES FIRST NATIONAL BANK & TRUST COMPANY & CITIZENS BANK AND TRUST COMPANY, PADUCAH, KENTUCKY, FOR THE PURCHASE OF THE CITY'S $350,000 'PADUCAH JUNIOR COLLEGE (NOW KNOWN AS UNIVERSITY OF KENTUCKY, PADUCAH COMMUNITY COLLEGE) CONSOLIDATED EDUCATIONAL BUILDINGS REVENUE BONDS, SERIES C'", be adopted. Adopted on call of the Roll, Yeas, Commissioners Fisher, Harvey, Hornsby, Puryear and Mayor Cherry (5). On motion the meeting adjourned. r r ADOPTED 1970 APPROVED/"&/ Mayor City Clerk-- -