HomeMy WebLinkAboutOrdinances Book 10, Page 361, No Resolution NumberPage 361
i
A RESOLUTION CP;:,TIVyIMQ 1501-1 "' — OF FUNDS FOR ACQ' ISITION
OF FLOOD „ALL RIGHT On M, A - U PIri .:LY O � I(IA [-' D FUNDS
FOR FLOOD CALL HIGHP OF WAY, n,.v qn.71PAM OBLI&TIO.S ZOP YEP
BINDING FOR FLOOD 'KALL fillIH P ON :.... , A .:j CALLING UPON DIS PAICT
L`;GINEER OF THE LOUSSVIL,LE UIS'P P WI .` o ME T_•'t_D'ML GOVtiit ;i: MT
FOR AbUI PIOVAL FUNDS Yoh FLOOu GHT OF 'TA.'i P11100SES.
WHEREAS, under the plans of procedure approved for
the .Paducah :Mood Miall Project, it is contemplated that the
.0200,000.00 proceeds of the bond issue sold by the City of
Paducah for the purpose of providing funds for the purchase of
r Qht of way could if necessary be supplemented by the Federal
Government to the extent of such amount not exceeding 0160,030.00
as might be required for the acquisition of the necessary right
of way upon which to construct the Paducah Flood 'a11, and,
WHEREAS, under the plans of procedure it is necessary
that the City expend or firmly obligate all of its funds before
Federal funds can be made available and at such time as call for
Federal funds is made it is necessary that the City certify to
the District Engineer of the Louisville District the obligation
of its funds and the nebd for additional funds, together with
citation of reason for such call, and,
& EMS, request has heretofore been made for Fed-
eral funds and 1:50,300.00 in said funds have been advanced through
the office of the District Engineer, and,
IiHERLAS, funds in addition thereto are how required
NOW, IREkLFOhE, BE IT RESOLVED, that it .is hereby
certified to the District Engineer of the Louisville District
that the City of Paducah has expended to October 5, 1940, in
acquisition of right of way the sum of 5;241,494.98 and that it
has firmly obligated itself for the acquisition of further and
other rlCht of clay in the sum of 025,661.26, and that
there exist obli,Cations not yet binding upon the cit;;, represented
by options not yet exercised by the City and not yet approved by
the nistrict En_;ineer for ri.aht of way, in the sum of ' 10,844,00.
The a Zregate amount expenses o'bli_;ated, and of obligations not
yet bindinC equals '36,505.28, which exceeds by (26,103.46 the
sum of 5251,016.80 beam; the Cityls V200,000.00 plus interest
and the proceeds derived from the sale of certain properties by
the City, and the "50,000.00 Federal funds heretofore advanced. I
xyur .
Pa, -e 362
BE I'f FURTHER iiLSOLVED, that it is furthor certified
to the said District Engineer that the said sum of ?,'26,105.46
above referred to in necessar'_ly required to be expanded in the I •
i
acquisition of further ri;;ht of way necessary for the iadlicah
Flood. viall and formal regt:est is hereby made for Federal Funds
in said amount.
BE IT FU.iTHhli RESOLVED that it is certified to the
i
said District E;n-eineer that said sum of money will not be suf-
ficient to acquire all additional ri*..ht of way necessary and
that further call for Federal Funds will be made when other and
I
i
further obli_-ations have come into existence.
BE Ir FUh PHLa HESOLVED that the City i,•aca-�er is autho-
rised,
utho-reed, empowered and directed to furnish such certificates and
I
evidence as may be required by the District i-n-,ineer in support
of the fore-oin. resolution.
S i n e,
s..,Lyor —
Passed by the 5oard of Commissioners, October 15, 1940 j
i
Recoradd by Rudy Stewart, City Clerk, October 16, 1940.