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HomeMy WebLinkAboutOrdinances Book 7, Page 473, No Ordinance Numberi ADI ORDINANCE PROVIDING FOR THE RECONSTRUCTION OF BROAD':'tY FRO!.' THE hST CURB LIRA OF FOUidTAITI AVENUE (OR SEVENTEENTHSTREET) TO THE `;^yS^1 � I ?ROPERTY LIME OF TSIEIITY-FIFTH STREET, IDI THE CITY OF PADUCAH, KEPTUC=, AUD PROVIDII?G THAT SAID IJT,DRO4Ei.ENT ST ALL BE !,ADE UPOI? THE TEN YE_"R PAY.TENT PI,_`F. 5E IT _D2.IT BY THE BOARD OF COi:rTISSIOIERS OF THE CITY OF PADUCAH, _'HITT UC _'Y: Section 1. That the driveway of Broadway street from the east carb line of Fountain Avenue for Seventeenth street) to the crest pro.,ierty line of Tventy-fifth street, in the City of Paducah, I>entucky, be and the same is hereby ordered to be reconstructed; that said street shell be reconstructed with rock and Tarvia., and all to be done in strict accordance with the clans, grades, specifications, .-viclths and profiles of the Commissioner of Public Works, _prepared by him for such purpose, all of which are adopted as a hart of this ordinance as fully as if embraced herein or attached hereto and mode a. part hereof, and marked "A" for more specific identification. Section 2. That said work shall be constructed under the direction and supervision of the Commissioner of Public ':forks, and shall be commenced at a time designated by contract for the performance of said work, and completed on or before four months after the ua.ssage and recording of this ordinance. Section 3. That the cost of such reconstruction of said street shall be paid for wholly by the property owners abutting or fronting thereon, on each side thereof, to be apportioned to and assessed against the property and property owners abutting thereon, on each side thereof, according to the number of front feet abutting• thereon, eacept that the City of Paducah No. _L _.. Ordinance No. shall pay for the intersections of said streets. Section 4, The Contractor awarded the contract for the work horein provided for shall be paid only from the funds arising from the special 4 tax bills and assessments against the property abutting the improvement herein provided for, and 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 Xentucky, and for the payment of which said tax bills and assess- ments may be pledged by the said City of Paducah; and in no event shall, the saidCity of Paducah be liable to the Contractor for the construction of any of the work herein provided for, exce-ot that the said City of Paducah Shall be liable to the said Contractor for the excess of fifty per cent of the value of any property assessed for the construction of the work herein provided for. Section 5. The Contractor awarded the contract herein provided for shall be paid monthly by ,improvement warrants, issued by the City of Paducah upon estimates furnished by the Commissioner of Public P!orks, to the extent of sixty-five (65;0) per cent of the value of the work done or materials furnished by the Contractor during the nrogress of the work, and said improvement warrants shall bear six (6%) 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 takes 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 improvement bonds issued in anticipation of such local taffies. The interest on such improvement warrants shall be estimated and assessed as a, part of the cost of the improvement herein provided for. Section 6. This ordinance shah take effect a.nd be in force ten days after same is adopted and recorded; provided -petition, according to for a referendum vote hereon has not been filed within said ten days. 4dopted by Board of Commissioners September 15, 1919. Recorded and Published .......... September 1'7, 1919- V e --�a •"�