HomeMy WebLinkAboutOrdinances Book 9, Page 48, No Ordinance NumberPAG- 48
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AN ORDINANCE'ASSESSING THE ABUTTING PROPERTY ON BOTH
SIDES OF .FLORA STRFF:T, FROM THE SOUTH PROPERTY LINE. OF BRIDGE STRFFT
TO THE SOUTH CU13B LIidE OF IiENDRICKS STREET; AND ON HENDRICKS STREET,
FROM TILE EAST CURB LINE OF FLORA STFFET TO :7AT80NIS LINE; AND ON
PO':7ELL STFRET, FROM THF EAST CURB LINE OF HAYS TO THE ;VEST CURB LINE
OF MILL STRFET, IN THr CITY OF PADUCAH, KrNTUCKY, THE :UM OF $1.34 PER
ABUT" ING FOOT; INTYREST AND EXTRA VIORK $0.044233426 PER ABUTTING FOOT;
ENGINEERING 'j:O.019662796 PER ABUTTING FOOT FOR THF. CONSTRUCTION OF SAID
STRE'•TS BY GRADING AND GRAVELING, AND 'PROVIDING THAT THE COST OF SUCH
CONSTI-UCTION, INTEREST,EXTRA 1ORK AND ENGINEFRING BE CHARGEABLE TO AND
ASSESSED AG4IIIST THE PROPI_rTY RECEIVING THE BENEFIT OF SAME, AS SHOWN,
BY THE F.NGINEERIS ESTIMATE, AND ON FILE IN THE OFFICE OF THE COMMISSION:
OF PUBLIC 7ORKS, AND PROVIDING THAT.SAID ASSESSMENT MAY BE PAID IN TEN
EQUAL INSTALLMENTS, BEING ONE EACH YEAR FOR A PERIOD OF TEN YEARS.
WHEREAS, the General Council of the City of Paducah,
Kentucky, has heretofore, to -wit: on the X
7 daY of r 1927',
adopted an ordinance entitled, "AN ORDINANCE PROVIDING FOR THE IMPROVE-
1-7.NT OF FLORA STRFET, FROM THP SOUTH PROPERTY LINE OF BRIDGE STRE•FT TO
THE SOUTE CURB LATE OF HENDRICKS STREET; HENDRICKS STREET, FROM THE
EAST CURB LINE OF FLORA AVFNUE TO IVATSON+S LINE; P0:71ELL STREET, FROM
TEE EAST CURB LINE OF HAYS AVENUE TO THE WEST CURB LINE OF MILL STFFET,
IN THF CITY OF PADUCAH, KENTUCKY, BY GRADING AND GRAVELING OF SAME,
TOGETHER 17ITH ALL NECESSARY IAN+iOLES, INTAKES, CATCH BASINS AND SYNER
PIPE CONNECTIONS:, IN ACCORDANCE '`ITH THE PLANS AND SPECIFICATIONS PRO-
VIDED THF.RFFOR BY THE CITY ENGINEER, AT THF COST OF T"!D ABUTTING PROPERT'
O'-!NERS, AND PROVIDING THAT THE COST OF SUCH CONSTRUCTION MAY BE PAID III
i
ACCORDANCE :'ITH THE PROVISIONS OF TIIE TEN YEAR PAYMENT PLAN," and
WHEREAS, in accordance with said ordinance, it was
Provided that the cost of the construction of said street be paid for
by the abutting pboperty owners on both sides thereof, except that
portion to be paid by the City of Paducah, as required by law; and
".TIIEREAS, pursuant to said ordinance a contract was
entered into on the dqy of 1927, between E.L. Beyer,
Contractor, and the City of Paducah, Kentucky, for the construction
thereof; and
:7HEREAS, said contract has in all respects been
completed and the work thereof finished and accepted by the Board of
Commissioners of the City cl Paducah, Kentucky on the 16th day of April,
1928s pursuant to the recommendation made therefor by the Commissioner
eKentucky
of Public ,Works of the City of aducah, Kenn tucky which mo/tion was duly
adopted by the Board of Commissioners;:NOVI, TIIEREFORE,
PAGE 49
BE IT ORDAIIIED BY THF BOARD OF COIIJMIz),.IOITERS OF THE
CITY OF PADUCAII, KT'11';.UCKY:
S73CTIOII 1.
That all of the property on both sides of Flora
Street, from the .'outh property line of Bridge Street to the South
curb line of Hendricks Street; and on Itendricks Street, .from the �
.ast curb line of Flora Street to l:Vatson's line; and on Powell Street,
from the Fast curb line of Hays to the ":ee:t curb line of dill Street,
in the City of Paducah, 117.entucky, be and the same is hereby assessed
for the cost of the construction of said streets the sum of
per abutting foot; interest and extra ,cork ti?0.044233426 per
abutting foot; engineering ?'O.019662796 per abutting foot, by
grading and graveling same, as shown by the rnuineer's estimates on
file in the office of the Comriissioner of Public `forks, which
estimates are made part hereof';
SECTION 2.
That all the funds derived from the assessment of
said property aforesaid shall be used for the purpose of paying
off the tax bills issued against said property, or such binds as
may be issued by the City of Paducah pursuant to Vection 3101 of
the K-entucky Statutes.
S70TIOIQ 3.
That pursuant to Section 3101 of the K;ntucky
Statutes, as amender' and re-enacted and now in force, said assess-
ments may be, at the option of the property oriners, payable in cash
within thirty days from the date of the passing and recording of
this ordinance, or in ten installments, pursuant to the provisions
of said Statutes.
Sl?CTION 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 which 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 such bonds shall not be sold for less than par, and
the proceeds thereof applied exclusively jo payment for the improve-
ment of said streets as hereinbefore mentioned, and such bonds, if
issued, shall bear interest] and shall be payable in accordance
PAGE, 50
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 noer in force and effect.
SI CTIOU 5.
This ordinance shall take effect and be
in force from and after its passage, record and publication.
Passed by the Board of CommissionersZ 928
Recorded by Bunt Cross land, Clerk 1928
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Signed "lO c fid �v_�/ �1, Mayor