HomeMy WebLinkAbout2014-07-816336
ORDINANCE NO. 2014-7-8163
AN ORDINANCE AUTHORIZING THE MAYOR TO EXECUTE A
REIMBURSEMENT AGREEMENT WITH PADUCAH WATER FOR THE WATER
CONSTRUCTION RELATED TO THE OLIVET CHURCH ROAD ROADWAY
IMPROVEMENT PROJECT AND AUTHORIZES THE FINANCE DIRECTOR TO
TRANSFER FUNDS FROM THE GENERAL FUND FUND RESERVE (UNAPPROPRIATED
AND UNDESIGNATED) ACCOUNT
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 Paducah Water and the City of Paducah, Kentucky, for
reimbursement for actual labor and materials necessary for water construction to complete the
Olivet Church Road Roadway Improvement Project at the estimated cost of $460,000.00. 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 Water.
SECTION 2. That the Finance Director be authorized to transfer funds in an
amount not to exceed $127,000 from the General Fund fund reserve (unappropriated and
undesignated) account to the Olivet Church Roadway Project account.
SECTION 3. Funds will be expended from Project Account ST0027.
SECTION 4. This ordinance shall be read on two separate days and will become
effective upon summary publication pursuant to KRS Chapter 424.
ATTEST:
Jae
Tammara S. Sanderson, City Clerk
Introduced by the Board of Commissioners July 1, 2014
Adopted by the Board of Commissioners, July 15, 2014
Recorded by Tammara S. Sanderson, City Clerk, July 15, 2014
Published by The Paducah Sun, July 21, 2014
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