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HomeMy WebLinkAbout2007-2-7258C �i ORDINANCE NO. 2007-2-7258 AN ORDINANCE APPROVING SUPPLEMENTAL AGREEMENT NO. 1 BETWEEN THE COMMONWEALTH OF KENTUCKY TRANSPORTATION CABINET, DEPARTMENT OF HIGHWAYS AND THE CITY OF PADUCAH, KENTUCKY, FOR THE COMPLETION OF THE CONSTRUCTION OF THE PECAN DRIVEBUCKNER LANE ROADWAY PROJECT AND AUTHORIZING THE MAYOR TO EXECUTE SAME WHEREAS, by Ordinance No. 2005-5-6974, the City of Paducah authorized a contract in the amount of $4,300,000 reimbursable funding with the Commonwealth of Kentucky, Transportation Cabinet, Department of Highways for the Pecan Drive/Buckner Lane Roadway Improvement Project; and WHEREAS, the Commonwealth of Kentucky, Transportation Cabinet, Department of Highways agrees to make available to the City an additional $500,000 in reimbursable funding, bringing the total to $4,800,000; and WHEREAS, all other terms and conditions of the original contract approved by Ordinance No. 2005-5-6974 remain the same and are legally binding; and WHEREAS, the City of Paducah and the Commonwealth of Kentucky, Transportation Cabinet, Department of Highways agree to Supplemental Agreement No. 1. BE IT ORDAINED BY THE CITY OF PADUCAH, KENTUCKY: SECTION 1. That the City of Paducah hereby approves and authorizes the Mayor to execute Supplemental Agreement No.I with the Commonwealth of Kentucky, Transportation Cabinet, Department of Highways for additional reimbursable funding in the amount of $500,000 for completion of the construction for the Pecan Drive/Buckner Lane Roadway Project. SECTION 2. This ordinance shall be read on two separate days and will become effective upon summary publication pursuant to KRS Chapter 424. ATTEST: J -ammz4w �A'44 Tammara S. Brock, City Clerk Introduced by the Board of Commissioners, February 13, 2007 Adopted by the Board of Commissioners, February 27, 2007 Recorded by Tammara S. Brock, City Clerk, February 27, 2007 Published by The Paducah Sun, March 5, 2007 \ord\eng\agree-ky (pecan-buckner roadway) 245