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HomeMy WebLinkAbout94-8-5184ORDINANCE NO. 94-8-,5 $'f AN ORDINANCE AUTHORIZING AND DIRECTING THE MAYOR TO EXECUTE A GRANT AGREEMENT BETWEEN THE CITY OF PADUCAH AND TENNESSEE VALLEY AUTHORITY FOR A GRANT IN THE AMOUNT OF $50,000 TO REIMBURSE THE CITY FOR EXPENSES INCURRED FOR RENOVATION OF THE COGGED RIPRAP AREA OF THE RIVERFRONT BY CONSTRUCTING CONCRETE BLEACHER SEATS BE IT ORDAINED BY THE CITY OF PADUCAH, KENTUCKY: SECTION 1. The Mayor is hereby authorized to execute a Grant Agreement between the City of Paducah and Tennessee Valley Authority in the amount of $50,000 for a grant to reimburse the City for expenses incurred for renovation of the cogged riprap area on the riverfront by construction of concrete bleacher seats. The City of Paducah agrees to pay for expenses incurred in excess of $50,000 for this project. SECTION 2. This ordinance shall be read on two separate days and will become effective upon summary publication pursuant to KRS Chapter 424. 0 ATTEST: s. ity Clerk Introduced by the Board of Commissioners August 9, 1994 Adopted by the Board of Commissioners August 16, 1994 Recorded by Lenita Smith, City C erk, August 16, 1994 Published by The Paducah Sun ± %% o rd / grant 4 14