paducah 81017PADUCAH, Ky. (8/10/17) — The City of Paducah is accepting applications for the Roof Stabilization Assistance Program until 9 a.m. Aug. 31.  The program assists property owners within a defined area of historic downtown Paducah, stretching in general from Water Street to 7th Street and Jefferson Street to Kentucky Avenue.  A map showing the program area in addition to the application, ordinance, and a list of qualified roofing contractors can be found on the City’s website www.paducahky.gov.  Look under “Request for Bids-Proposals” under the Government tab. 
 
“The purpose of the Roof Stabilization Assistance Program is to offer assistance to property owners in stabilizing one of the most critical parts of our historic structure,” said Downtown Development Specialist-Main Street Director Melinda Winchester. “When buildings fail in our historic downtown, they not only affect the existing structures but also their neighboring buildings by having a negative domino effect. This program is one of several offered through the Planning Department to encourage the development, beautification, rehabilitation, and stabilization of our downtown district,” said Winchester. “As buildings are stabilized and occupied, businesses will thrive, and more people will see the benefits of living and working downtown.”
 
Under the program, a property owner in the defined area may be eligible to apply for financial assistance in replacing or repairing the building’s roof with financial assistance per project not exceeding 50 percent of the construction costs or 50 percent of the stabilization funds allotted by the City for the fiscal year.  Three bids from the list of qualified contractors and proof of financial ability from a qualified financial institution also are required to be submitted with the application.
 
Once applications are received, they will be ranked according to the following criteria:  urgency of the roof stabilization, the contribution of the structure on the National Register of Historic Places, the structure’s relationship to adjacent structures, and the capital commitment of the property owner to rehabilitate the structure. The funds will not be available to the property owner until the rehabilitation work has been completed. 
 
Since the Roof Stabilization Assistance Program began in 2013, a total of 12 properties in historic downtown Paducah have received assistance.  The City of Paducah has $60,000 available for the program for this fiscal year.  For more information, contact the Planning Department at 270-444-8690.

SurfKY News
Information provided by Pam Spencer

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