HomeMy WebLinkAboutOrdinances Book 12, Page 1129, No Resolution Number1129
A RESOLUTION PROVIDING FOR THE DISBURSEMENT OF FUNDS ADVANCED BY THE
HOUSING AND HOME FINANCE AGENCY IN CONNECTION WITH THE SLUM CLEARANCE AND URBAN
REDEVELOPMENT PROGRAM
WHEREAS the Housing and Home Finance Agency will advance funds to the
City of Paducah for use in connection with the preliminary survey and planning
activities of the Slum Clearance and Urban Redevelopment program; and
WHEREAS by ordinance adopted on April 29, 1952 there were delegated
to the Paducah Planning and Zoning Commission such of the powers, functions and
duties of the City as are related to research, investigation, planning and
analysis and other like phases of said program, its acts, findings and deter-
minations to be subject to the approval and ratification of this Board, and
WHEREAS it now appears desirable to provide a method by which the
aforesaid funds may be handled and expended, and
WHEREAS the Paducah Planning and Zoning Commission, in the exercise of
the powers, duties and functions delegated by said ordinance, will be in possession
of the information necessary in the determination of the propriety of each ex-
penditure of said funds,
NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE CITY
OF PADUCAH, KENTUCKY:
SECTION 1. The City Treasurer shall hold and account for said funds
separately and apart from other funds in his possession and shall deposit the
same in a separate bank account.
SECTION 2., Expenditures of such funds shall be made in accordance with
the schedule of proposed uses as contained in the application for the advance
filed by the City, subject to the modification thereof as contained in the
approval of the Housing and Home Finance Agency, and in any approved Certificate
of Purpose, and in accordance with pertinent contracts to which the City is a
party, and in accordance with that Summary and Planning Budget which has been
most recently approved by the Housing and Home Finance Agency.
SECTION 3. Each expenditure shall be approved by the Paducah Planning
and Zoning Commission prior to the issuance of the pertinent checks, except
in the instances mentioned in Section 4.
SECTION 4. Any expenditure of funds budgeted for legal services and
accounting services, and any one expenditure of funds in excess of five hundred
(;500.00) Dollars, and any final payment on a contract for survey and planning
services or a contract for appraisal services, shall be approved by the Board
prior to the issuance of the pertinent check. In the instances covered by this
Section 4 the Paducah Planning and Zoning Commission shall make its recommendation
to this Board respecting the contemplated expenditures.
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SECTION 5. Nothing herein contained shall be construed to limit or
affect the power of this Board to approve or order other disbursements deemed
proper and within the purview of the purpose For which the aforesaid funds were
Lanced, nor shall it be construed to authorize the expenditure of funds budgeted
contingencies.
SECTION 6. This resolution shall be in full force and effect from
and after its adoption.
iiayor
Passed by the Board of Commissioners April 14, 1953
Recorded by Sarah Thurman, City Clerk, April 11+, 1953