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HomeMy WebLinkAboutOrdinances Book 14, Page 809, No Resolution Number$09 RESOLUTION OF GOVERNING BODY OF APPLICANT RESOLUTION NO. 2 Project No. For HHFA Use Resolution providing'Por increase in planned total expenditure for capital improvement projects. WHEREAS, under the terms of Public Law $7-65$, 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, provided the proposed'or planned total expentirure of the public body for its capital improvement projects is increased by an amount approxi- mately 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, (hereinafter called Applicant) with the Housing and Home Finance Agency, United States Government, for a grant to aid in financing the construction,of new City Hall 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 $----- 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 capital budget will be increased by ti, 0 for the fiscal �, year ending 12/31/62 and 450,000. for the fiscal year ending 12/31/63 for a total increase of Y450,000. 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. Viayor Introduced and Passed by the Board of Commissioners October 20, 1962 Recorded by Sarah Thurman, City Clerk, October 20, 1962.