HomeMy WebLinkAboutOrdinances Book 17, Page 124, No Resolution Number124 /
A RESOLUTION APPROVING, IN GENERAL, THE LETTER OF CREDIT METHOD
OF OBTAINING FEDERAL FUNDS, AND PROVIDING FOR THE EXECUTION OF THE
"AUTHORIZED SIGNATURE CARD FOR PAYMENT VOUCHERS ON LETTER OF CREDIT"
IN CONNECTION WITH A CONTRACT FOR CODE ENFORCEMENT PROGRAM UNDER
SECTION 117 OF TITLE I OF THE HOUSING ACT OF 1949, AS AMENDED,
NUMBERED CONTRACT NO. KY E-1 (G), BY AND BETWEEN THE CITY OF
PADUCAH, KENTUCKY, AND THE UNITED STATES OF AMERICA
WHEREAS, the United States of America (hereinafter called the
"Government") and the City of Paducah, Kentucky have entered into a
Contract for Code Enforcement Program Under Section 117 of Title I
of the Housing Act of 1949, As Amended, numbered Contract No. Ky
E-1 (G) (hereinafter called the "Contract"); and
WHEREAS, the Government will issue a Letter of Credit (hereinafter
called the "Letter of Credit") to this body, in order that it may,
from time to time, as necessary, draw funds by means of the submission
of Payment Vouchers against said Letter of Credit, in order to enable
it to carry out the programs and obligations required and authorized
by said Contract; and,
WHEREAS, said Payment Vouchers can be signed only by those in-
dividuals whose names appear on an "Authorized Signature Card For
Payment Vouchers on Letter of Credit" (hereinafter called the
"Signature Card"), under the subheading on said Signature Card of
"Signature of Individuals Authorized to Draw on the Cited Letter of
Credit", said Signature Card being required by HUD Handbook, Letters
of Credit Procedures, 1900.4, Chapter 3, Page 7, dated July, 1968;
and
WHEREAS, the aforesaid Signature Card must be completed, including
the designation on said Signature Card of those individuals who are
authorized to sign said Payment Vouchers, and executed by an official
who is authorized to do so by this body; and,
WHEREAS, this body is desirous of authorizing J. William
Howerton, Corporation Counsel, as such aforesaid official to complete
and execute said Signature Card; and,
WHEREAS, this body is desirous of approving the use of the
Signature Card, its completion and execution by the hereinafter
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designated official, the use of the Letter of Credit, the use of the
Payment Voucher procedure, and, generally, any and all steps and
procedures attendent to, or required for obtaining federal funds by
use of the Letter of Credit method of advertisement,
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF
THE CITY OF PADUCAH, KENTUCKY:
SECTION 1. That J. William Howerton, Corporation Counsel,
is hereby designated as the official to complete and execute the
said Signature Card.
SECTION 2. That the use of the Letter of Credit procedure, the
use of the Signature Card, its completion and execution by J. William
Howerton, the use of the Payment Voucher procedure, and, generally, any
and all steps and procedures required for, or attendent to obtaining
federal funds by use of the Letter of Credit method of advertisement,
in connection with the Contract, is hereby approved.
SECTION 3. That any two of the following three named officers
of the City of Paducah be authorized to draw on the cited Letter of
Credit: The Oaklawn Code Enforcement Project Director, the City Manager
and/or the City Treasurer, who now are or will be from and after
May 1, 1970, Netter E. Walls, Larry E. Thomas and Benjamin C. LeRoy;
and the named individuals, but not the respective positions or
titles, shall be subject to change by motion of this Board as may
be required from time to time.
SECTION 4. This resolution shall be in full force and effect
from and after its adoption.
Mayor Pro Tem
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Commissioner
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JCommissioner
Passed by the Board of Commissioners April 28, 1970
Recorded by Sarah Thurman, City Clerk, April 28, 1970.