HomeMy WebLinkAboutOrdinances Book 14, Page 804, No Resolution NumberRESOLUTION OF GOVERNING BODY OF APPLICANT
RESOLUTION NO. 4 Project No.
For HHFA Use
Resolution providing for increase in planned total expenditure for
capital improvement projects.
WHEREAS, under the terms of Public Law 87-65$, approved September 14, 1962,
the United States of America has authorized the making of a grant to aid
in financing the construction of a specific public works project, pro-
vided the proposed or planned total expenditure of the public body for
its capital improvement projects is increased by an amount approximately
equal to the non -Federal funds required to complete such public works
project;
Now, Therefore, Be It Resolved By the Board of Commissioners of the City
of Paducah, Kentucky:
1. That as of the date of filing of an application by the City of Paducah,
Kentucky (hereafter called Applicant) with the Housing and Home Finance
Agency, United States Government, for a grant to aid in financing the
construction of new fire station building the Applicant had a capital
improvements plan or capital improvement budget for the fiscal year or
years during which construction of the proposed project is expected to
occur;. and that the total expenditure for capital improvements in said
plan or budget was $120,200. for the fiscal year ending 12/31/62 and
r for the fiscal year ending 12/31/63.
2. That, in the event that said Federal grant is approved by the United
States of America, said capital improvements plan or capitalbudgetwill
be increased by 0 for the fiscal year ending 12/31/62 and $lob ,o00.
for the fiscal gear ending 12/31/63 £or a total increase of $$100,000.
in the proposed or planned total expenditure for capital improvement
projects (exclusive of Federal funds).
3. That said total increase in the proposed or planned total expenditure
for capital improvement projects is approximately equal to the non -Federal
funds required to complete the public works project for which the
application is to be submitted.
This resolution is adopted pursuant to the authority provided by
KRS $9.590.
e
DT.ayor
Introduced and Passed by the Board of Commissioners October 20, 1962
Recorded by Sarah Thurman, City Clerk, October 20, 1962