HomeMy WebLinkAboutMinutes Book 20, Page 58, May 23, 1938Proceedings of of '"'"'1'' rs Ciry of Poducah 'Wr 1938
•' - ;1t a rrvlar n- -tin- of the F:oar•'. of Co:amis:llonors hold in the Con:mir.aloner
{ c -e `it- ':hill, i'ndncnh, +'.entuc'ry, at 2 ol^loolc P.LI., on the 2Ird day of
' , or -ar..1,n nrcrided and upon call of tin roll the follo in•- anam^rod to
^nos: Co -,r7.7 -'_ "-n!I ::clton, Pull -lam, i,tubtlofiold and ILn,yor •:aahburn (3)
IJnntes of the pre:io::, n�ctings w -re adopted no read.
Mr -or "asliburn o:fered the folloviin,. motion: I move that my report re eat
ed by the Boar'. of Commissioners pertaining to a Housing Program be received, filed an
^:or'a
r ^ort on ti s_^reed upon the minuted:
Iow Coat Q
�tsi:yg °hay 23, 19.-m
+ non. roard of Commissioners
City of Paducah
. R'3sr.ccri $1 your request as to my activity 1n socurin^ for Paducah the benefit
-ram, to -wit: :Aum Clearance, I beg to advise that in January of this
the firm of Frankel and Curtis, Architects and nn^lnncrs,on the
ion t .^t I r ceived from';.eahln^ton. I:r. Frankel and Iir. L'crriweathor came to
;rnh, nadea tentative curve;, and took the matter up with the Housin,,^, Administrator
....'-v-ton an'- submitted a tentative :replication.
this two (2) anterial objections were presented: lat. That it :ras doubtful
project couI4 be located above flood mater and at the same time benefit the
reA, .-a tivere attanpting to rive modern houslrk� conditions to. 2nd. Objections
I. -,no that there was no necessity for such a program.
:ICministrator did :_nn'.ly waive the objection raided by the flood conditio
^' ::^c.ond question was overcome, a second tentative survey did establish a
and the benefit t:at :,could come from this pro-rnm in raducah. The next
otst:.c_o encountered •nag the ::roans of financin- the 10'. required from the City on the
j
the sale of bondsrCity's financial
"it'h localinvestor,,, anclt astuerequirements, to meet the
nableto findai
ynteresyup
in
matter. I then took thematter up with sev ral ponding houses over the country and
four•' that they ::•rrq not intsrestod in this type of bonds. Shen i took the ::atter
j up with 17.r. Jones of the Roeonstruction Finance Corporation and he advised that he had
no a*nthority to purchase such bonds. Tho next move was an appeal to the President of
"-.V'lnited :,tatea and our United States 3enato-, and Con;mcssman from i.ontucl:y to sea
ifthe -ovornmont would not waive the requirements of the municipality from putting
r Chic 1r),% enc'. to permit the bonds issued by the municipality to be paid first and
_-:,rt to receive payment of the 00% project cost.
.. _.. +;a to tbia ;card that after many months that certain chin -es
is now a market for thcao bonds. ::anCus and Co zany
1a rurchaso the '.'rnisin,, Iroject bonds up to the count of
r a 1n •-ram 1s now, ready for some definite step. it hrs b;^n.
eat the City of .cdueah in adonUng a nrocec :rc a'crt
: 'tiod of selecting a Iiouainr sin .%P.tee, -nd that 1a to
or the authority to doni:,ratn a ?:rnstSn„ Cw^aiasion. ;
hi of to Rapt auch a rasolutl,on in order
n o through unhmsporcd by certain objecting, local
:cpectfull;; nubmllted !
T. Clnslihirn, L'ayorn
ra hank, :.olton, Pulliam, ,:tiibtlofleld
n,tion: I :.oro t.i:ia reoalar
.Ir of 2 a1clocl: Adonted on
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