HomeMy WebLinkAbout90-4-4395833
ORDINANCE NO. 90-4-4395
AN ORDINANCE SETTING BOND AMOUNT FOR PHASE III OF
THE FAIRFIELD SUBDIVISION
WHEREAS, the Paducah Board of Commissioners, at a
meeting held on June 28, 1988, adopted the final plat of the
Fairfield Subdivision and accepted the dedication of the
public rights-of-way and easements shown thereon; and
WHEREAS, conditions for the subdivision approval
as indicated on the final plat provide for financial
guarantee through Commission approval of the subdivision
improvements for individual phase development; and
WHEREAS, pursuant to Section 12(2)(b) the City
Engineer has recommended that a performance bond or an
approved letter of credit in the amount of $135,000.00 for
Phase III be posted by Wayne and Margaret Simmons for
construction of streets, storm drainage systems, sanitary
sewers, water lines, monuments, and other designated public
improvements.
BE IT ORDAINED BY THE CITY OF PADUCAH, KENTUCKY:
SECTION 1. That pursuant to Section 12(2)(b) of
the Paducah Subdivision Ordinance, a performance bond or an
approved letter of credit in the amount of $135,000.00 for
Phase III, with approved corporate surety, and running to
the City of Paducah, is set, and that said bond or letter of
credit shall be in such form and containing such contents
that meet the approval of the City Engineer and the Corpora-
tion Counsel of the City of Paducah.
SECTION 2. That if any section, paragraph or
provision of this ordinance shall be found to be inopera-
tive, ineffective or invalid for any cause, the deficiency
or invalidity of such section, paragraph or provision shall
not affect any other section, paragraph or provision hereof,
it being the purpose and intent of this ordinance to make
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each and every section, paragraph and provision hereof
separable from all other sections, paragraphs and provi-
sions.
SECTION 3. This ordinance shall be read on two
separate days and will become effective upon publication of
title and a certified summary thereof.
GERRY B. MONTGOMERY
Mayor
Introduced by the Board of Commissioners March 27, 1990
Adopted by the Board of Commissioners April 10, 1990
Recorded by Lenita Smith, City Clerk, April 10, 1990
Published by The Paducah Sun April 21, 1990.
ord/subdiv