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HomeMy WebLinkAbout2010-10-7744ORDINANCE NO. 2010-10-7744 AN ORDINANCE AUTHORIZING THE MAYOR TO EXECUTE AN AGREEMENT WITH THE COMMONWEALTH OF KENTUCKY, TRANSPORTATION CABINET, DEPARTMENT OF HIGHWAYS FOR THE INSTALLATION OF A TRAFFIC SIGNAL AT THE INTERSECTION OF U.S. 62 (ALBEN BARKLEY DRIVE) AND PECAN BE IT ORDAINED BY THE CITY OF PADUCAH, KENTUCKY: SECTION 1. That the Mayor is hereby authorized to execute an agreement with the Commonwealth of Kentucky, Transportation Cabinet, Department of Highways, for the installation of a new traffic signal at the intersection of U.S. 62 (Alben Barkley Drive) and Pecan Drive. With this Agreement, both parties agree to equally share in the total cost of this project, estimated to be $100,000, with the City reimbursing the Commonwealth of Kentucky, Transportation Cabinet, Department of Highways in an amount not to exceed $50,000. All costs in excess of $100,000 will be the responsibility of the Commonwealth of Kentucky, Transportation Cabinet, Department of Highways. SECTION 2. This expenditure shall be charged to ST0037, Pecan/62 Signal project account. SECTION 3. This ordinance shall be read on two separate days and will become effective upon summary publication pursuant to KRS Chapter 424. %ATTEST: �/ � • R�jt-' Tammara S. Brock, City Clerk Introduced by the Board of Commissioners, September 28, 2010 Adopted by the Board of Commissioners, October 12, 2010 Recorded by Tammara S. Brock, City Clerk, October 12, 2010 Published by The Paducah Sun, October 18, 2010 \ord\eng\agreement-traffic signal-Alben Barkley & Pecan