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Home My WebLink About2019-10-8595ORDINANCE NO. 2019-10-8595 AN ORDINANCE AMENDING ORDINANCE NO. 2019-6-8578, ENTITLED, "AN ORDINANCE ADOPTING THE CITY OF PADUCAH, KENTUCKY, ANNUAL OPERATING BUDGET FOR THE FISCAL YEAR JULY 1, 2019, THROUGH JUNE 30, 2020, BY ESTIMATING REVENUES AND RESOURCES AND APPROPRIATING FUNDS FOR THE OPERATION OF CITY GOVERNMENT." WHEREAS, the City of Paducah entered into a preliminary development agreement with Weyland Ventures to perform planning, design, and development tasks associated with future development of the city -owned parcel located at South 2nd and Broadway ("City Block"); and WHEREAS, under this agreement with Weyland Ventures, the City committed to performing geotechnical analysis and environmental review; and WHEREAS, the City of Paducah is now ready to enter into an agreement with HDR Engineering, Inc. for the geotechnical analysis and environmental review services; and WHEREAS, in order to enter into the agreement with HDR Engineering, Inc., $72,000 must be moved from the FY20 Unreserved General Fund Fund Balance into the City Block Project Account; and WHEREAS, KRS prohibits expenses to exceed the budget in any department and it is therefore necessary to amend the City's FY20 budget. NOW, THEREFORE, BE IT ORDAINED BY THE CITY OF PADUCAH, KENTUCKY: SECTION 1. That the annual budget for the fiscal year beginning July 1, 2019, and ending June 30, 2020, as adopted by Ordinance No. 2019-6-8578, be amended by the following re -appropriations: • Transfer $72,000 from the FY20 Unreserved General Fund Fund Balance to the City Block Project Account SECTION 2. This ordinance shall be read on two separate days and will become effective upon summary publication pursuant to KRS Chapter 424. M� Brandi Harless, Ma or ATTEST: mdsay Parish, City � yik Introduced by the Board of Commissioners, October 8, 2019 Adopted by the Board of Commissioners, October 22, 2019 Recorded Lindsay Parish, City Clerk, October 22, 2019 Published by The Paducah Sun, October 25, 2019 \ord\finance\budget amend 2019-20 - October 2020 (1st Amendment)