HomeMy WebLinkAbout2012-7-7952ORDINANCE NO. 2012-7-7952
AN ORDINANCE APPROVING A GRANT AGREEMENT WITH THE
KENTUCKY HOUSING CORPORATION FOR A 2012 HOME MATCHING GRANT FOR
THE FOUNTAIN AVENUE REVITALIZATION AREA OF THE CITY OF PADUCAH, AND
AUTHORIZING THE MAYOR TO EXECUTE SAID GRANT AGREEMENT
WHEREAS, the City of Paducah applied for a HOME Grant adopted by
Municipal Order No. 1646 on February 14, 2012, for construction of single-family structures in
the Fountain Avenue Revitalization area of the City of Paducah; and
WHEREAS, the Kentucky Housing Corporation has approved the application and
is now ready to award this grant.
BE IT ORDAINED BY THE CITY OF PADUCAH, KENTUCKY:
SECTION 1. That the City of Paducah hereby approves a Grant Agreement with
the Kentucky Housing Corporation to obtain a 2012 HOME Matching Grant in the amount of
$309,500 to build seven (7) single-family structures in the Fountain Avenue Revitalization Area.
The City will provide matching funds in the amount of $84,000.00, for this project.
SECTION 2. That the Mayor is hereby authorized to execute the 2012 HOME
Matching Grant agreement approved in Section 1 above.
SECTION 3. This expenditure shall be charged to project Account No. CD0081.
SECTION 4. This ordinance shall be read on two separate days and will become
effective upon summary publication pursuant to KRS Chapter 424.
ATTEST:
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Tammara S. Sanderson, City Clerk
Introduced by the Board of Commissioners, July 10, 2012
Adopted by the Board of Commissioners, July 24, 2012
Recorded by Tammara S. Sanderson, City Clerk, July 24, 2012
Published by The Paducah Sun, July 28, 2012
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