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HomeMy WebLinkAboutOrdinances Book 9, Page 427, No Ordinance NumberPage 427 AN ORDINANCE ASSESSING THE PROPFFTY ABUTTING UPON TAF ALLEY LYING BFTWEEN BROADWAY AND KFT'TUCKY AVENUE, AND EXTENDING BACK APPROXIMATELY 322.50 FEET FROM FOURTH STRVYT TOWARDS FIP TH STPYFT IN THE VIP CITY OF PADUCAH, McCRACKEN COUNTY, KENTUCKY, FOR THE COST OF CONSTFUCTION OF A CONZETF ALLEY '."ITH ALh NECESSARY CURB, GUTTER, DRIVE- WAYS, MANHOLES, INTAKES, C'TCH BASINS, SE71R AND DRAIN PIPE, AND ALL NECESSARY FNGINFFRIWO, ADVFRTISING AND LFGAL ANP CLFRICAL SERVICE IN CONNECTION THFR.ETITH AS FOLLOWS; PAVING AND EXCAVATION .......... x`1.32246399 PER ABUTTING FT. COST OF FNGINEFRING AND INSPECTION.....................x0.09975472 PER DOLLAR CONSTRUCTION COST COST OF INTFFEST ...............!0.00849675 PEP DOLLIR CONSTRUCTION COST AND PROVIDING THAT THE COST OF SUCH CONSTFUCTION, INTFTF.ST, EXTP.A WORK, AND ALL NECESSARY ENGINEERING, ADVERTISING ANP LEGAL AND CLERICAL SERVICE IN CONNECTION THFRFWITH BE CFtRGFABLE TO AND AS`'E`SED AGAINST TEF PROPFETY RECEIVING THE BENFF'IT OF SAFE AND ABUTTING UPON SAID IMPROVEMENT, AS SHOWN BY THE ENGINEFRIS ESTIMATES ON FILE IN THE OF-IVE OF THE COMMI SIONEF OF PUBLIC VORKS, AND PROVILING TPA.T SAID ASSESSMENT MAY BE PAID IN TEN EQUAL INSTAI:LMINTS, BEING ONE EACH YEAR FOR A PERIOD OF TETT YFARs. WHEREAS, the Board of Commissioners of the City of Paducah, Kentucky has heretofore on the 20th day of May, 1929 adopted an ordinance entitled, "AN ORDINANCE PROVIDING FOR THE CONSTFUCTION AND RECONSTRUCTION OF AN ALLEY LYING BFTWEFN BROADWAY AND KENTUCKY AVENUE, AND EXTENDING BACK APPROXIMATELY 322..50 FEET FROM FOURTH STREET TOWARDS FIFTH STRFFT, IN THE CITY OF PA7UCAH, McCRACKFN COUNTY, KENTUCKY, WITH ALL NECESSARY CURBS, GUTTAS, DRIVEWAYS, MANHOLES, INTAKES, CATCH BASINS, SEVTR AND DRAIN PIPE AND ALL N CFSSARY ENGINL•ERING, ADVERTISING AND LFGAL AND CLFRICAL SFRVICE IN CONNECTION THFF!WITH AT THE COST CF THE ABUTTING PROPERTY O`ANFFS AND PROVIDING TNAT SAME MAY BF CONSTRUCTED UPON THE TEN YEAR PAYM,FNT PLAN," and WHEREAS, in accordance with said ordinance it is provided that the cost of construction of said alley, together with all necessary curb, gutter, driveways, manholes, intakes, catch basins, drain tile and sewer pipe, and all necessary engineering, advertising :and legal and 'clerical service in connection therewith and all other work done thereunder be paid for by the abutting property owners on both sides thereof, except that portion to be paid by the City of Paducah as recuired by law, and THFPFAS, pursuant to said oridnance, a contract was entered into on the --day of ! , ----1929, between J.M. Rouse Contracting Company, and the City of Paducah, Kentucky for the construction thereof, and ;'HrREAS, said contract has in all respects been completed I Page 428 and the work thereunder finished and accepted by the Board of Commissioners of the city of Paducah on the 18th day of October, 1929, pursuant to notice duly given and inspection of said work and the recommendation of acceptance made therrfor by the Commissioner of Public Works of the City of Paducah, Kentucky, and pursuant to a motion made by said Commissioner, which motion was duly adopted by the board. of Commissioners, NO".', TRFHFr'ORP„ BE IT ORDAINED BY aHF BOARD O!� COMPdISGIONFRS OV THE CITY OF PACUCAH, MENTUCKY: i SECTION 1. That all of the property on both sides of the alley lying between broadway and Kentucky Avenue, and extending back approximate-' ly 322;50 feet from Fourth Street towards Fifth Street, in the City of Paducah, McCracken County, Kentucky, as shorn by the Engineer's Estimates, be, and the same is hereby assessed for the cost of construction of a concrete alley with all necessary curb, gutter, driveways, manholes, intakes, catch basins, drain tile and sewer pipe, and all necessary engineering, advertising and legal and clerical service in connection there•^ith. All of said work has been done under the ordinance and contract aforeaid and said assessment is as follows, to -wit; Paving and Excavation ..............$1.32246399 per abutting gt. Cost of Engineering and Inspection.........................$0.09975472 per dollar construct - Cost of Interest ............... ...$0.00849675 ion cost per dollar construct- ion cost As shown by the Engineer's Estimates on file in the office of the Commissioner of Public Works, which estimates are adopted and made part hereof. SECTION 2. That all of the funds derived from the assessment of said propert-r aforesaid shall be used for the purpose of paying off the tax bills issued against said property, or such bonds as may be issued by the City of Paducah pursuant to Section 3101 0£ the 1{entucky Statutes. SECTION 3. That pursuant to Section 3101 of the Kentucky Statutes, is amended and re-enacted and nov in force, said assessments may )e, at the option of the property owners, payable in cash within shirty days from the date of the passing and recording of this irdinance, or in ten annual installments, pursuant to the provisions of said Statutes'. Page 429 SECTION 4. In order to'provide a fund for the immediate payment of the cost of that portion of the special assessments herein provided for, and which may be paid on the ten year installment plan, as hereinbefore provided for, the City of Paducah may issue and sell improvement bonds, and to secure the payment of w%ich bonds there is hereby pledged such taxes and liens upon the property assessed herein for the payment of the principal. and interest on such bonds, but said bonds shall not be sold for less than par, and the proceeds thereof applied exclusively to payment for the improvement of said alley as hereinbefore mentioned, and such bonds, if issued, shall bear interest and shall be payable in accordance with the provisions of Section 3101 of the Kentucky, Statutes, as amended and re-enacted by the General Assembly of the Commonwealth of Kentucky and now in force and effect. SECTION 5. This ordinance shall take effect and be in force from and after its passage, record and publication. Signed_ P, -- Mayor i.'- Passed / Passed by the Board of Commissioners October 18, 1929 Recorded by Hunt Crossland, Clerk, October 19, 1929 -r l' + --'