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HomeMy WebLinkAboutOrdinances Book 7, Page 224, Ordinance Number 76a No.•GyIf- Ordinance No. _ , AN ORDIITAUCE PROVIDIiIG POR THE II,.PROV.rL:Ta1'7T OF JOIILS STREET, FIiOI. T:iELFTL STR'.ET TO THIRTI✓EUTH S .ZIET, I1I THE CITY OF PiIDUC:aH, BIsi TUCin'Y, BY GRADING idM GRriVELLIIM SLEE, UID F20VIDDIG TLIAT S -ID II.11ixOVELMiTT SHALL BE LADE UPOII 2HE `i EiI 1E.0 PAYL=T PLi1H. f� Be it ordained by the'Board of Commissioners of the City of Paducah, Kentucky: Sec. 1. That the drive -way of Jones Street, from Twelfth street to Thirteenth Street, in the City of Paducah, Kentucky, be and the same is hereby ordered to be constructed; that said street shall be con- structed by grading and graveling scene, and all to be done in strict. accordance with the plans, grades, specifications, widths and pro- files of the Commissioner of Public Works, prepared by him for such purpose, all of which are adopted as a part of this Ordinance as fully as if embraced herein or attached hereto and made a part hereof, and marked "A" for more specific identification. Sec. 2. That said work shall be constructed under the direction and supervision of the Commissioner of Public Works, and shall be commenced at a time designated by contract for the performance of said work, and completed on or before three (3) months after the passage and recording of this Ordinance. Sec. 3. That'the cost of such construction of said street shall be -paid for wholly by the property ovnaers abutting or fronting thereon, on both sides thereof, to be apportioned to and assessed against the property and property owners abutting thereon, on both sides thereof, according to the number of front feet abutting thereon, except that the City of Paducah shall pay such portion of such cos Ls of construction as recuired by law. Sec. 4. The Contractor awarded the contract for the work herein' provided for shall be paid only from the funds arising from the Special tax bills and assessments against the property abutting the improvement herein provided for, wnd in no other way, except that the said Contractor may be paid out of such bonds as may be issued, in accordance with the law of the City of Paducah and charter of cities of the second class of the State of Kentucky, and for the payment of which said tax bills and assessments may be pledged by the said City of Paducah; and in no event shall the said City of Paducah be liable to the Contractor for the construction of any of the work herein provided for, except that the said City of Paducah shall be liable to the said Contractor for the excess of fifty (50') per cent of the value of any property assessed for the con- struction of the Work herein provided for. I No. 't. ,Y Ordinance No.—') � . Sec. 5. The Contractor awarded the contract herein provided for shall be paid monthly= by Improvement ',,arrants, issued by the City of Paducah upon esti.ates furnished by the Commissioner of Public Works, to the extent of sixty-five (65;0) per cent of the value of the wort: done or riaterials furnished by the Contractor during the progress of the work, and said Improvement Warrants shall bear six (6;0) per cent interest from date of issual and shall be issued by the Commissioner of Public Finance upon order of the Board of Commissioners. Said Improvement Warrants shall be negotiable, and shall constitute a lien upon the local taxes to be hereafter levied for such improvement, and shall be payable at the office of the Commissioner of Public Finance, without notice to the holder thereof, upon completion and acceptance of the work herein provided for, out of the first collection of such local taxes, or out of the proceeds of the sale of any Im- -orovement Bonds issued in anticipation of such local taxes. The interest on such Improvement Varrants shall be estimated and assessed as a part of the cost of the improvement herein provided for. Sec. 6. This Ordinance shall take effect and be in force ten (10) days after same is adopted and -recorded; provided petition, according to law, for a referendum vote hereon has not been filed within said ten days. Passed by the Board of Commissioners August 14, 1916. Recorded by H. E. Hazelip, Clerk, __ugust 15, 1916.