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HomeMy WebLinkAboutOrdinances Book 15, Page 999, No Resolution Number999 A RESOLUTION ACCEPTING THE PROPOSAL OF COUNTRY CLUB TERRACE, INC. AS TO THE DEVELOPMENT OF COUNTRY CLUB TERRACE SUBDIVISION, AND THE CONSTRUCTION OF SANITARY SEWERS THEREIN BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE CITY OF PADUCAH, KENTUCKY: SECTION 1. That the proposal of Country Club Terrace, Inc. in connection with the development of Country Club Terrace Subdivision and the construction of sanitary sewers therein, be accepted in the followine form, which proposal is in words and figures as follows, to -wit: June 23, 1966 Hon, Mayor and Board of Commissioners Paducah, Kentucky Re: Development of Country CLUB Terrace Subdivision Gentlemen: In connection with the development of Country Club Terrace Subdivision and the construction of sanitary sewers therein, as per bids recently opened, said Country Club Terrace, Inc, makes the following proposition. 1. The Corporation will pay to the City the sum of $$,000 to he appliedu upon the construction of said sewers, said $$,000 is to be the absolute property of the City and will be no obli- gation from the City to the Corporation. 2. The Corporation will advance to the City, at no interest cost, the sum of $14,000 to be used for such sewer construction and said amount shall not be a direct obligation of the City except that the City will repay such advance by paying to the Corporation the sum of $560 for each sewer connection to any of the 25 lots in the subdivision actually collected by the City, which connection fee will not necessarily be established at $560, but such figure is used for the purpose of determining the repayment of the afore- said advance. 3. The Corporation agrees to cut all streets to grade and place gravel and to pave these streets with an oil and chip process. All work on the streets shall be done in accordance with current City of Paducah specifications and will be inspected and approved by the City. 4. The Corporation agrees to place the necessary culverts under the streets where needed to carry natural and storm water. The Corporation will provide sodded waterways to carry the storm water in other areas. The design and construction of these cul- verts and drainage channels shall be as designed by Edward T. Hannan and Associates, and approved and inspected by the City. 5. No building permit will be issued for any lot in this subdivision nor will anv sewer connection be allowed until the Corporation has either (1) completed all of the improvements as set forth above, or (2) posted a bond in a sufficient amount to guarantee the City that all the improvements will be made. The amount of the bond shall be determined by the City Engineer and the bond must be approved by the Corporation Counsel. 6. The City will arree to begin construction of the sewer line within thirty (30) days and pay to the Corporation one-half of any liquidated damages assessed to the contractor due to failure to complete the line in the time specified in the contract. If this proposition meets ,your approval please accept the same by proper action of your Commission and furnish us with a certified copy of the ordinance or resolution by which the same is approved. 1000 Very truly yours, /S/ Gene Hipp Gene Hipp, President /S/ Hal Brown Hal Brown, Secretary -Treasurer" SECTION 2. This Resolution shall be in full force and effect from and after its adoption. Mayor Passed by the Board of Commissioners June 2$, 1966 Recorded by Sarah Thurman, City Clerk, June 28, 1966.