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HomeMy WebLinkAbout2014-03-8127Kim 170860 ORDINANCE NO. 2014-3-8127 AN ORDINANCE AUTHORIZING AND APPROVING THE ACQUISITION OF REAL PROPERTY LOCATED AT 5455 COMMERCE DRIVE, PADUCAH, MCCRACKEN COUNTY, KENTUCKY AND ASSUMPTION OF THE LEASE AGREEMENT WITH MACCO ORGANIQUES CORPORATION, FOR THE IMPROVEMENT OF A PUBLIC PROJECT WHEREAS, the Board of Commissioners of the City of Paducah has determined that it is necessary, appropriate, or in the best interest of the City for the City and McCracken County, Kentucky to each acquire an undivided one-half (1/2) interest in the real property located at 5455 Commerce Drive, Paducah, McCracken County, Kentucky which is more particularly described on Exhibit "A," attached hereto (the "Property") and to assume the lease obligations of Paducah -McCracken County Industrial Development Authority ("IDA") under the Lease Agreement dated May 31, 2013 with MACCO Organiques Corporation ("MACCO") for the Property, for purposes of economic development (the "Public Project"); and BE IT ORDAINED BY THE CITY OF PADUCAH, KENTUCKY: SECTION 1. The Board of Commissioners of the City of Paducah hereby approves and consents to the acquisition of an undivided one-half (1/2) interest in the Property from IDA and the execution of an Assignment Agreement for the City's assumption of IDA's rights, duties, and obligations under the existing Lease Agreement dated May 31, 2013 with MACCO, for MACCO's use and occupancy of the Property. It is hereby found and determined that the acquisition is public property to be used for the public purposes of the City. It is further determined that the Mayor, on behalf of the City of Paducah, Kentucky, is hereby authorized to execute the general warranty deed, the Assignment Agreement and any other documents necessary to accomplish and consummate the acquisition of the Property and assumption of the lease. SECTION 2. If any section, paragraph or provision of this Ordinance shall be held to be invalid or unenforceable for any reason, the invalidity or unenforceability of such section, paragraph or provision shall not affect any of the remaining provisions of this Ordinance. SECTION 3. This City Commission hereby finds and determines that all formal actions relative to the adoption of this Ordinance were taken in an open meeting of this City Commission, and that all deliberations of this City Commission and of its committees, if any, which resulted in formal action, were in meetings open to the public, in full compliance with applicable legal requirements. SECTION 4. All ordinances, resolutions, orders or parts thereof in conflict with the provisions of this Ordinance are, to the extent of such conflict, hereby repealed and the provisions of this Ordinance shall prevail and be given effect. SECTION 5. This ordinance shall be read on two separate days and will become effective upon summary publication pursuant to KRS Chapter 424. MAYOR ATTEST: City Clerk �' Introduced by the Board of Commissioners, March 11, 2014. Adopted by the Board of Commissioners, March 25, 2014. Recorded by City Clerk, March 25, 2014. Published by The Paducah Sun, April 2, 2014. \ord\Deed & Lease - MACCO 710 EXHIBIT "A" BEING TRACT C, CONSISTING OF 10.2007 ACRES, IN INDUSTRIAL PARK WEST, AS SHOWN ON THE WAIVER OF SUBDIVISION PLAT AT INDUSTRIAL PARK WEST TO CREATE NEW TRACT F AND REVISE TRACT C OF RECORD IN PLAT SECTION "L," PAGE 1308, IN THE MCCRACKEN COUNTY COURT CLERK'S OFFICE. SUBJECT TO DECLARATION OF PROTECTIVE COVENANTS AND RESTRICTIONS FOR INDUSTRIAL PARK WEST OF RECORD IN DEED BOOK, 1186, PAGE 67, AND RERECORDED IN DEED BOOK 1186, PAGE 643, IN THE AFORESAID CLERK'S OFFICE. BEING A PART OF THE SAME PROPERTY CONVEYED TO PADUCAH-MCCRACKEN COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY, A KENTUCKY CORPORATION, BY DEED DATED APRIL 25, 1997, OF RECORD IN DEED BOOK 871, PAGE 672, IN THE MCCRACKEN COUNTY COURT CLERK'S OFFICE. 711 WITNESSETH: BEING TRACT C, CONSISTING OF 1.0..2007 ACRES, IN INDUSTRIAL PARK WEST, AS SHOWN ON THE WAIVER OF SUBDIVISION PLAT AT INDUSTRIAL,.PARK WEST TO CREATE NEW TRACT r AND REVISE TRACT COF' ARD IN PLAT SECTION -4" PAS Imo, IN 7M MCCRACKEN COUNTY COURT CLERKS OFFICE. SUBJECT T9 DECLARAIMN OF PR4'IEMM COY ANTS AND RESTRIC110M, FOR RMUS T" IAL 712 F.IWIDUA TO AND TO mag' 'Ofrecort Md &&a, vww pm&4y ms'to ft s nm&ofno am for dw proputy hwelyf t" d ic SMWeo tc to CY OF PADUCAK KENTUCKY B. Title STATE OF KENTUCKY COUNTY Of MCCRACKEN ) The foregoing �OTAq�, Y ID�44bf 1� = ',fir 1. Y Tie 'e swam aid aamw1wow w: . duty of 2014, by. ( e) of CITY O PADUCAK KENTUCKY, a coqmWe, on bdW of saW entity, Gnotee. MY ivy expires; NOTARY Pte , STATE AT LWE 713 WMI SATE OF KCKY 7be fwqPmg MS&MUM ww swom aid admwledged befme me of �2014,b+ , GmAee. i+: 8'-.' 1 F.:'4",. L'.y NOTARY P11G, STATE AT LARGE KY 4 170147Aoc SSW'4 ., W Pwjed F* Ck of Pwouh ad of Mecm*,tat POD= 1155 KY 42M.,1155 715 177 ASSIGNMENT AGREEMENT FOR VALUABLE CONSIDERATION, the receipt of which is hereby ackww+ledged by the parties ham, PADOCAR-MCCRACKE-4 COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY, a governmental agency and lty of the City of Paducah and thee Countyof McCracken, Kvntucky, ( " herem) doics hereby sell, transfer and assign wto CITY OF PADUCAH, KMfMCKY, a municipal corporation second class existing under the lows of the Commonweafthof Keetticky, and a body pohdc and corporate, and COUNTY OF MCCRACKEN, KENTUCKY, a body pohW and eerie (collectively, the'"Assignee" herein), all of Ad's rights, Lim, Vis, wavranfies, covenants, duties, obiWfions and undertakings under the f+Akwing lease (NmWafier refer to as the "Lxase"): • A Lease Agreeinent elated May, 31, 2413, executed betymm Assipw (as Imo) and MACCO Organiques C (as Lessee) fw the lease of the real property known as Traci C, coag of 14.2407 ams, in Inial mark West The full text of the Lease is attached as Exhibit A to this Assignment. The terms hereof shall extend to and shall be binding upon the parties hereto, and their restive legal representatives, successors and assigns. DATED this day of 2014:. ASSIGNOR: PADUCAIi MCCRACKEN COQ INDOSTRiAL DEVELOPMENT AUTHORITY By: Title: C4,- r►Lail 11 -- T� a, 11 -- �;. ,. ,�n�e rel 716 L_'ii = it j 1 e. I I 1� � - , - it 13I _uL - i I ! — . I r , I , II t -. - , __ - " - I — ,..,U i.=-1 , , , , � 1, I:,-,. F.I�Nil If9 z j :� CITY OF PADUCAH, KDM)CKY ride-, - X#Ik _" J7 A �kl, 3 v ' 5V 7. 4. WA " at lf*,�fi La STATE OF KENTUCKY TUC f�� irAkwoem was T*Wn and'eka oiW,,.j gqd:bcfmm!s r-Iday P2 20,14, by Coumn DIDUSTRIAL DEVELMMENT AUTROWTY agam.7 and 1—o itj of the City of Padmah and The CouNyof McCadWs, Ktwhxky, on of said awporatknk Anipar. 2 717 STATE OF KENTUCKY COUNTY OF MCCRACKEN ) The foregoing instument was sworn and acknowledged before me this day of '2014, by , (title) of CITY OF PADUCAH, KENTUCKY, a municipal corporation of the second class existing under the laws of the Commonwealth of Kentucky, and a body politic and corporate, on behalf of said entity, Assignee. My commission expires NOTARY PUBLIC, S'T'ATE AT LARGE STATE OF KENTUCKY COUNTY OF MCCRACKEN The foregoing instrument was sworn and acknowledged before me this day of 2014, by (title) of COUNTY OF MCCRACKEN, KENTUCKY, a body politic and corporate, on behalf of said body, Assignee. My commission expires NOTARY PUBLIC, STATE AT LARGE This instrument prepared by: l �r 1, LF-- D " TbMWICEULER, LLP P. O. Box 929 Paducah, KY 42002-0929 I 1 11 1 1 1 ,� I I I , 1 i n -.r .I r r-_: - T -n .a—FI, ,,_ 718 L­_' --- __ - - , ­ _-JL �_1 �- ­ _'­ lj� EXHIBIT A SEE ATTACHMENT 4 LEASE AGREEMENT By and Between PADUCAH-MCCRACKEN COUMIY INDUSTRIAL DEWLOPMRM Ail MOR and MACCO ORGANIQUES CORPORATION Lessee Dated as of: May 31, 2013 Project Site: 5455 Commerce Drive Padue&14 Kentucky F 719 I , !i - � v _ Is L- i , I I I - L I - : i�, i L - 1 11 1 1 1 ! 1� I 720 LEASE AGRL71#!EM T%s Lem Agremew (dis *Leasc*wAde and entered hft as of dw 31st dwf of May, 2013, by and between PADUCAH-MCCRACXEN COUNTY WDUMIAL DKVVJ,OPMW24T AUTHORITY, a gay -- agencyandim, I , I lit- of &e CW of Pa*aa& and *e Cewty of McCra*=4 Keaftwky, (%e "Loner"), vmi& a pnw4*W maift wkbess of Pod Office Box 1155, Paduc* Kenkicky 42002-1155, and MACCO ORG,AMQM CORPORATION, a KentwlW corporafim (&e "Leasee', wM a p*A* muft addrew of M WA*m, Va§eyfwK, Qwbec, Canada J6S 4 3, and a registered agent address m Kenkicky of 4965 Ll% FB*aay 42, Soft M% Lewvvdie, KeMAW 40M MCCRACKM COUNTY, XENTUCKY (*CouuWl% widk a prbx*d nwAw address of 300 SmA 76 Sftvet, P*doc* KAModky 42003-, and CITY OF PADUCAllt IMNMCKY widt a prkw4wl nwAing add of Post Office, BoK 2267, PadwAk KenW* 42002-2267, is dw Luse for 6e pwpms hftvnw&w sd fw& #m9w, Loessee, C*, and Comty my e@Becftv* be m&rred to as the "Parfiai' and sirgularly► be referred to as a "Party"), WITNESSETH � %i 6--IvTm;-U-� W7 u'®. . 7.2 K�-j I 7, �17)jh �m j ".1 -,,, i �� mic'. 7' SEMON 1. Def tire& 721 "Ad*knd Roe .AM 'moi *j aR kM and noze is respect to or in counwam vA& (t) the Prat mcess of the C.on*uc*on Al , (it) tie Lmee impinvenwft, (at) &e , MpWcit, nlaitilenauce of &e Prentises, (1y) the invA&g of &e PzemLww as haida pwv , (v) a# ad A PMm3M if MY, Wd (V) MW amounts PI PxMUt to Sections 17 or 1s 0I Leese. 'wAW*w ed OfflcwO sWH mesn,M& respect to () de lAssor, dw ftesidenWCED and my officer, agent or empioym duly audmued by or resoludon, of die Lac' to perflom *e 8d or s *e _document in question, and, 00 die lAssee,the President and my O&W ofits Oftets, arnts or em . of dw Lessee to pI the so or sipt go document in questiom " " slWl mean the SOMW payments fivm lAssft to Lir, sa set keth in Sedon. 3 of this LM". -.:A. f fjvF.. f• �G4 ... N -R: ^ (n; C,.�G R{k fig: 6 rb- MW shA mew the City of Pte, K , a mvnk4o . aid suMvision ofdw CommonweI Keay. "II tion Aflowancell s up to md not t0 eaceeed $2.5 MiWwn commked by the City and the Com' pIt to the MMU for sB of &e Pry hapf9vemengs on, t% Prq,et bite. "C48WY" ShAN MCm &C CoudY Of bfeCmkak Kentaft a county sd pofified subdivision of the Commonof may. "Event r f 'Dqfbukl meom an event degmibed in X117 of this Lease. "Interest Rate for Advances" me= tea pavwt (10"1 per seam. 2 I: 1,-, i -lj I 1 u I P i 722 17-9— �..^ ."i.�'�� •'a .�?A. b`.' ae�, .g,s Pa?at''3d: oY'; 1;0 d 8.' SECTION 2. Tang Rewwal Tis. 723 hucia, leam fivm the 1Awc.and I , the for a to offive (5)yeam(On itre, v&kh Tom AsK commumum es dw 4w a cotdAtaft of y "COWAURCUBWA Dael ( _.. Tam, SECTION 3. Rental. 4 724 SECTION 4. Use of the prmiws. SECTION 5. Die very of the Preighses. F. 725 SECTM 6 Rdun and bulmoficadw Cov r y' AE -77E R 726 under the Passes wisft ftm or as a resuk of the occupancy or use of the Frenizes by Lessee. Tbe Lessee wiff mdemmfy and save the Lem hungess hom any swh Lessee ludemnified Chunw, OF In connection wdh air acbm or proceeding brou& *mm € nd, upon mobee fivm dw Leap, will defend or pay de cog of de t vach nxleuee, in aity sach act or rVeceft. Thr, iffidenudkWOR UMM mmler dig Section 6 wiN continue in M fain and effed t101 a On W ptyawant of adl obligations, mider dis Lease aar dw tm&bmfmm of dig Lease far 11 > i l S ►e rise to as . .. to SKY es .. after Ow date of terinination oflids Imm SEC I ?. of "I I 7 any odwr party in the event of dwuge or toss. 727 11F .4 4.574777 -F a R.A R M".:.. Q': €'i:- 4 ".: P; ew.. ..0 F` U7773 T7M771n;E.2R c R ng Q,c a,s�: Af 6 E@, nPg.b�Q; eR'a+T afl,P b F. rr t� r g �R E6 ° Kf R r'PH „g, ba, 777 :71r,17, 7If= n+QQ:. R=u Q,- (i�QQ..g Q:P Ibel6° :•�"n,k �•a2." _C .&A`, ow. 8 {4'" 6a 3 ='R Rp D vQC Q.H R� o1w`o 5 P Q,: e'. �r ll NQ R. �A' 'EF .R R,R 8'kzad.fi �.r - SEMON 9. Lessee Improvements: Alteration of Project• Additional Improvements. Lome -shafi have the right km and aftw the, date of Lease to commence the Lessee Improvements. Lessee shahh a have and is hereby given tie dgK at its sek cost and expense, to nuke such additions, changes and aftcatiow in and to ate► par# of the Building and d w Project Improvements as Lessee fivea bane to tine may dam necessary or advisable-, however, Lessee shaff not rhe any addition,cl an ge or akeradon mdww the approval of Lessor, which approval wihh not be unreasonably debovd, wi - . , or conditioned, and which muent wifi be deed gig if any such request is not either approved or denied with specifiefty by Lessor (30)tis a ' by Lessee, Any d=W of be .ed by a detaW expWation of tie approval of mich refit s t shaft be granted by Lessor The Pte# Improvements, Lessee IMPOWOMents B aff Od , dufto and a to the audwrity of this Section 9 AM (a) be made in a worimunlike manner and in compliance with a PAdivisioo regohatiorns, laws and ordinances aWlcabie therelo, (li) when commence be E 728 SBCTION t L ...ties. From and after dw CommaxancrADate, Lemepay all dmWfor oWiew Rmew'd Tem of Om Lew. Lmw sW wt be respwA&k foo' dl-.. qmft, qumW, OF &&n iR 60 SMOY Of 'Y is so affeeWd - °���: %!:_ °a v� �r e, ��.s�B.a 3i `' ^�3�'r✓a+ Bs g:.. y. ,. �,:d�.'� 9 SECMON 13. Co 729 IIe tam "eondemnabW as used a this Lease AwU mew the exemin of &0 pwow of . by aoy person, enuty, body agency or authomy, or primo panhase in him of eminent domain, and the date of condemnation shall mean the day an vAtkh the ae taking- of possession pursuant to the exercise of said power of eminent domain, or purchase in lieu thereof, occurs, or the '.date of setflement orise claim of 6e parties thereto during the pendency of the exercise of said power, Amer ftp ae. In the event the a th a Pry are condemned, or so much goof that in limo's the Premises are as km suitabie for die comm of the pm or its business then `being couiductedVia, then, a other event, this Lease AM smannuft as tw dft Of isatieas. In the event oWy a int of the Plemises is condemned and, in ms's the part not condemned remains reasonabty Lassee'scondowd occupancy and conduct of the Project or its business thereon, d& Lean as to the pwt so Udws, terminate.on the date of condemnation, and, the Lease Reid Payments *M &wmqm be reduced proportionately for the area of the Premises taken. -_ Mof 0 a Baa, During the tem of this Lease, tier Lessee Anil have DA pmesskmi6, coi and operadonof the Premises, and the Lessee agrees that it wiH, at its om cqmse, the sem or canse to same to be operated aeconfing to aceeptable pWAc sbBdBf& and in sad mumer as to promote and of the Citic and. the County, protbat stich covenant shaft not ewe any figM ofaccess or cWni is favor of the genavd .pr c in or to the Premise& 10 730 l pro is s as we reasonaW wc"t" to Lessee. Aftwhed hereto and ande.a pwt hereof as C is a copy of a t -irmranee commiurient wikk fift an raatters.of reeoM to winch de Pmains is sit as of May 15, 2013(dw "Exp Tide "). I:assee sW ex+ecate and 4eIhw A documents mwqpgoe or security be4da to effect 2wk sdbordrAn-&skwbmw and adwaimeaL Lam's Whire to execute and defim sash er instruments provided for in this Section 15 vhdia ten (10) receipt by Lessee of a wd"M a defauk undw this Vie. (The eat and 'expense of a fide insurance pommy *affi be of the so* cad and expense of .) ;Ii ai �A-51bd:2 '�• y' y: - 3.., - 77r ,' a; 1. 'a 0 "y © J./" :-!: ted• _ :tip&' B'. 9. 8 �.. v'�7. a,� vy. w.0 ;.�a'8'-,.,:.d.:J , ..,�.• �a ase .,. .a,. a.��g: „�. g'.ad, :7 3;.- :..;1, a•y ,k as:I.a 598''8 sa,.. u'4��: U .+: ,�• �',a d.w At ark tare, but not nmm often &M t m any eat ym, Lessee, ori or before the of speedied a a wry request therefor, made by Lessor, whrh dMe &W not be Mtier thea ten (10) dWs fivat the i of request, examde �iedge WA � to Lessor afire de esu.. or not (a)this L,ewe is in fg# forces effect; and ect; (b) tbts Lane ho been in ; (e) areexisting to t ghe of Lae and the noture of such debaft if my, 4 the moat of the Lmse, Rent WAd ffie data Ithe Lem ReRW POyments hwe beca per, aid (t) at Project to the a required of Lmw bafe been made wA6 maptze by Lessee. cmfificMe did pursuant to dis Sesfion may k rated on b'pr� pwchAsez or - - or the how or peospeetive, hoMerof ark mwtpVOf the p2mism.,w of f ear's intang havunder. i' i a ;asy s�w - - 'Mis Lyse is me& 0n zondifien *A if (each of the events bain deemed an "Event of DdMr steer the prqvisiong of dais ): (a) Lie MIS to pommy Pay My Base Rent or Additiond Rem as. the some becomes, due and as in Secy 3 and'S of fids Lease, and such fa +e cantinues for ten (1'0) after written rhe of such faire fin Lessor; or - g„'' yy 18.s '4• bN .t3 L2 zd =.4 aevS.w g:` ays +ra;.p FI'J •'4-, :yri �.Id '•JET .��a�.. �:;y-H ;-W�f e,9 51 C 777V-7 77' -'11uv,60'. ;:sr01I _ » tr ry d:t =8i'S a' =•9- rig - +i; 11 731 (e) Lessee daft fait to satiny the Woymeat ComwdMlent &Kukg dw lofts# Terms of this Lease; or (d) Lessee shall fail to timely.complete the Lessee hopmevemmils in w4wdmw wNh Seed= 9 or the other provisions of diis Lease; (e) Lessm abandow or vacates the Prembes for a period m exp of smty CoWeCtdjV'C days other &ML die t0 CasUaky or Forse Ar6aj um, or ( Tlse : (1') 8&uk in wifing its inability to pay its deks Wmft as aff Wei *w, (ii) have SM oar Jbir rekf enlerld in nay rye commumd by or is tt Fe"!d b"dcmlfty lavws, as 90w or hNSAM& iaelft*. (& eammenee a any odw FOderml or shift bn&rqft,y. is y. rewWabmaw or ' mar, er haws pin Commawed against it and eilher have on order of insoEvemy of III ' entered againg it or have &e proceeding rmu" *and umstaymed fiw Pkindy ') make ao assigunmW fac the bene& of credilow, or (v) have a neeiver or uudw appoinftd. &r it or for ft vAole or my subs the part of its property; thm Lessor may take any ohne or nwm of the fbHowing remedial AeM in motion to an odw remadies avai3able at later or equity: (i) Deelare afl instdhwmbof Base Rat as weR as ate► Addifiamai Rat f r themmWadkw of the then owrwA Term to be uimmis y dw and pa , tie am stall bwmm y due and pay • 12 732 B uA: M y; n ;.T.: �9 B ow n.. •d-� 'a;. ,. e'r' 9 ani r, 2,.il"m•esm3. w"N: ..,. iF,.: ;yu `+ '.a'expenm necessary in D' D' ftnmdL Any_ reldbag .Y; be effected D private negotiation andwithout aidvw4semenL Havingas .sa D y: D. take possession 6 - ° - MaY, by :':.ti r6°9; .er .N 'pa'; r' tema- Lmse,-voye notice to Lessee gjven� at any fim fimeaf4ft While- Lessee is in defawk in the 1" pt $ Base Rest or Additional Rest or in the perfmmace ef any odw obfigatica � under this Lewt, elect 8terminate2-Imi seona date:3 be W such sW be not earlier than ten (10) days fker &e ON* of such noCice, arA if rM dehtdts AW not have thm neem curet 3 :" the IdatevD dis Lem *M, &meupon be y .....:,.mss If In weer ,,,.mA.... afty - Lessor xW have the d* to elect to re-eriter and take possession of &e .,b ma `MLessor my erAw andexpel lzme and diosechmung drotmh or '..9. Lesseeil` remove. % rmperty. rod effectsof both or as LMW,may ato.wv&, eq-mCD 8>' Weim bsv •.,e, of of 6e Names and of wbwU,ebsues"emahms, meome,y a ea°.' �yt�a, Uf'a.>•epa's B 'c.8e°e' such :_pp§'otl.b9._o, .,, wnfer..b omsent,416 the appoirAment of any suek receiver. 13 a k 14 733 I , :, L L I !! , t I 734 8774 d:^ ,oei'-MOU .6' 4a 7'-- - 57 "1 i 78771- in thevent LAMM swL mm Laww's CIVACII*, hak &M after dw =PkIbm VI sn bitiM Term and ewh Rmew4d Tarmi 6mf ( , ' ' vhlb&d.mmm.t of &e Term� mwk Wfmg bvw SkA he eouftaed to be a teftm"-7 #on mwa&-k-moSi& me' U, ," M be R Svmed t,an a'2' Ar mmeon&fwwandcoveamb carAm6dnMugLaw;eexppt a majsmahoH $ :172 9,=--Wi :.,1Y 735 This Lease shall inum tp the benefit of and shalt be binding upon the . L=w and the Leese ant their respective success= and assigns, sem, howevw, to the thaftedow contained herein. q, o: IF �.f .I;E. �P; t',F. N+1':<rr4 i}:•.,Ny.'�M Fi G:: w-'��"`. m Rf N'. y. :y.: '�ti fl ;;;f• F."R ." w P'.' '. '. -,-. v(' ''�Cr. �. .: f fl ..A:E.. k f. " flF„ ,•. Pi t -. r'.t �fY P' A9', fi.t F' a B C�. +W.F.. F :: F.;, p �;r_ i.'t. 7 - .•fir F. f: DIES Re $' k ;B' 9. b'4."r ''BR SECTION 31. References to A#gmM' Fees. . Any coveiiant contained in ds Lease to pay or to reunburse the Pa of sttorneye fi"be to . reasonable .a eye f all powediPS16 ' but not 1habod to,.Rego ons, adminiskafive hewhigs, UUh and appeds. SOON 32. Ia. Exnept as'fically. , the Lie Rental P"meRe and all nedees, approvals, consents, . and othr Mmmuniciifiew hanundw shall be in and AM he deemed t0 have been given when delivered, if hand delivered or sent by a natimAy service, or dwee business- day Saw posWwAwd if • bar fim thin or perfified rnail, poslage prepakk wed, if to &e Lessor, at County WusWd Development Ahd y, Post Office lac 1.155, Padticah, KentwAy 42M- 1155, r®r 300 South T Sftet, Paducah, Kentucky 42W3, AUeniew Praident ad tom, vi a copy to Denton & Keine r, LLP, 555 Jew Sake 301, Keay, 4201, Ate: Lisa H. EwAnew, an If to the Leos at Key vt copy to Maw Organgpies Incorporated, a Canadian corporation, NO hkA ar, WkyfiJ6S 4M5, Aneadon: Pmt. The Lessor aid 60 Lessee may, by notice given ham, c g nate any fUrther or d1#%t addresses to vvtd& stibsequent Vices, approvals, corse s, reams or other communicadmube suit or 1 II 1 � . i i. i is a i_,•_i I I I _ 736 1 J � + B WWI9 MafterAIMthe smey" 6 a: btt so such be rujuired W be MA 10 mm d= Q!L This Lease and &e •'shaH bedeemed o 8e: comrsoft made undw g"tm$, ':.+;<'<" ;ss'o ',a Y n ru'>,. h be o3 e& by i.9 ch'9."9'mu^ in of j::.- g: ;;.;:h f 1 e.t."mJl. 9?' ':I B o+ ;I'd y., a. ., ei'J 'i $:: "a:ct:oof * state y s n �*a Cm*,'Keafticky ,Wo, wising OW of or a dis Lease.. SECTION X. Swrender of dw Premises dis Lem for any a Lance." 51=814er an eGli>ne-in asr 9oG ba., aa.. 3•B as it A1 Ad; r7m andtear excepted. kvftem govs .aep.':r'.d , tie':c.mowsm 5a g. -7- a . ..::7'7 y,; r•J ,�,+ - � P Iij 17n VA ik� , .. a a � .,, V-7-77MV 5J:'717, 9r"a 8 moa! IF, Z11 -v a" y 8 w.. 3 'B P..H 0 A:' P; ° ine A r :Yw •' +>3'9 sJ: 711, U MN,7. d =77. 9r - ''Gki ..3 � � ,w 8,- �g"d° �,:.,�. 3.y t .a0 �- d� . ,3'-d wa;J s.:•�,ru �; ,, Fo' ;f�' `?!i 3 1. J_-; 'if g"�.Ib 9a � 4J'.0' 'A • 1 ;..; y y'c^„ J e!'•lil 8 91 3 8 .:d mtlll 9 �'J.. M JyJ?9- r.a4t .a y';Jyrr� 117 t 1 . 737 IN TESTIMONY WHEREOF; the Parties have caused this instrument to be executed in its name and on its behalf by their Authorized Of niers, effective as of the day and year first above written. LF. R. Paducah -McCracken County Industrial Development Authority B�f. Title: fl CON04ONWEALTH OF KENTUCKY COQ OF MCCRACKEN The foregoing instrument was svAm and acknowledged berme m e this -of 2013, by i �T�� (tilt) of eCraeken Cly ladustrial DeVeWpamat AWhocity. a gun and ' of the City of Paducah and the City of WCracken, Kmwmky, an bdW of said ea*, I ". y commission expo NOT .RY P ZL. TATE AT LARGE r � 1 It. 738 LESSM. "rift: PROVDkm, IWAM 03�.QTMW COUNWcup CANADA Ile foregoing kohmnent was worn AM6. before me We 3 1 at (ky af May 2013, by Robert for &c pmddmt wr.ga= (k & Kmlu*y cmpm*ixm�, an behaff of said corperatiM Lespee. MY comrAmieffil expires, COUNTY: MCCRACKEN COUNTY, By: -ride: x4 739 COMAONWEALTHOFKENrIUCKY ) )ss COLWff OF MCCRACKEN ThMoregoing ins was sworn and aeknowledSW bei me th.I �� ayqf 2013, by Aln, JxV., (*k) of die durity of McCue, Kentueky, an bohdf of 'saW eater. hfy*ommLsAQucXPim— CL, N'OThRY PUB, STATE AT LARGE )0 210 6 CITY: CITY OF PADUCAH, KENTUCKY CION `EALTH OF KEWIMICKY ss CO[N OF MCCRACKEN ) he foregoing i tnnent s swr d acknaw edge befere tins (da ' of 2433,' ( ) of fm ty epiF KemWcky, on behaltof sag ami+. 110TAR ? ATS AT LAXf l 741 EXHIBIT A Project Site: 5455 Commerce Center Paducah, Kentucky BEING TRACT C, CONSISTING OF 142M ACRES, IN INDUSTRIAL PARK WEST, AS SHOWN ON THE WAIVER OF SUBDIVMON PLAT AT INDUSTRIAL PARK WEST TO CREATE NEW TRACT P AND REVISE TRACT C OF RECORD IN PLAT SECTION -L,- PAGE 13M, IN THE MCCRACKEN COUNTY COURT CLERK'S OFFICE. SUBJECT TO DECLARATION OF PROTECTIVE COVENANTS AND RESTRICTIONS FOR INDUSTRIAL PARK WEST OF RECORD IN DEED BOOK, 1186, PAGE 67, AND RERECORDED. IN DEED BOOK 11861, PAGE 643, IN THE AFORESAID CLERK'S OFFICE. BERG A PART OF THE SANE PROPERTY CONVEYED TO PADUCAH-IMCCRACKEN COUNTY INDUSTRIAL. DEVELOPMENT AUTHORITY, A KENTUCKY CORPORATION, BY DEED DATED APRIL 25, 1997, OF RECORD IN DEED BOOK 871, PAGE 6722, IN THE MCCRACKEN COUNTY CONT CLERK'S OFFICE m 1 i 1 11 1 I ( ,, [ T " rt - [ __.. I. -.�T� I-, 1' - Ff 1 ,"14-1Ti ¶. if p,-1: 742 EXHIBIT B Commweiment Date Letter mw" Orga*uw Corporation 100 McAAw VAL r-fW. Quebm. Canada J6S 4M5SR-S Attention: President Re: Lem Agmement doled May 31, 20-13, bowm Macm Orgm*m coMmtion, a Kentucky cm7omfim-n Cowgy kAotrig Ctesm") w4 pm6mh,�mcke Development A-u&pt* ("Lel Ladies and Gentle: Tbo pwpose of this letter is to COFAM &e following: (i) 7be COumlencernent Date for &e zefaenced Lease - Amt is 00 TIw Inthal Tem of the Lease expirm an Please admowlefte yow artemm with. to PwAsions of this 1et1w by the extm ew of dis letter arA retwaing &e Sam to an uv6sigmed. Shwer* ymm Padtm&�ocm*m c=v kAmb"mi pevaopmag Auenni By: Title: 23 0 a t 743 EXHIBIT C . Copy► of Current Title Commitment Reflecting Existing Title Matters [Attached] T-AW26F CM'S fief.-,= .°- I � 3. ebbe, > 3.wwwoto i , Cz- a Is� Vw * bye► pdq ym ==oft to be b oec ot to tiff±mfiL %in V ym mw u to pmpmw QWWWAW,WNWA Abkew 114pill,l his iewtt b b b+ a s tae tarl�sam�eemt��i�ed�ei sNo; ,: * , A. Vo Rwpbmbft isSdw&b 94. • '� " b� iii. ?Gt•h w`= G�q.P8A4 0 �� SEPTEMBER 24 %, d •• 1988 •� Dennis J. GK mm 7Adft New r President sawaftV7JI� 3 1 (This Commitment is valid only when SaybUtties A And 8 ave attached) Zopydght 200644 AmwIwA t.er.6 T" Asaochdk . AB mmm-ec9 77w &An d; V& reel t3ALTA ftm"w mM ALTA rmra6= to good Amw es o7 the dab a? use. AB other uses are p mhMW. ReprWad ureier Some ftm ft Awradw L" 71t Awo4t % I I• Fof n 5011000 (6/22/2010) Pop $ oft i x ALTA ft LOWAp VV4WAoAW *Ii7 , 745 -vt or saw'secu* jw&mmot 'MOFIPW m9w4 awftam deed of UL W at 9 ocav yow 1w awwav to vw'slw2. *"M"vhM yew tand is localed. LATER DEFECTS The EUMPOWN ia Sdodule a - SOC&M U WAY be amended to Show ar# *k*iwa oar aerate fw the *0 bm* JR #* Pubft Mew" Or ws Mated Or aftebed bobvew ow raw -11 - at Im Roqokomeots OWA and ow doW so *k* al (a) aid fc) of Sdodule 8 - Soc*M I are mot v.% imenck"Mt *oft to Yew bog"" of ft 3. EXIS71NG DEFECTS If any dohKb. Was. of an' cumlwartess exhWft at CammhmeW Daft awe jo Aft in Sawd"Is B* we OW MOOL Schoduie a to stAw ONM N we do amend Sche*Ae g Is sbgw #ww tO YGw aGOWdhV to PwaWWh 4 beWw unim you knew of ddodk of Unwivances. Via sho be, awl* *As "wwA*M antftwi; us about it in WARD. 4. LOUA71ON OF OUR LLABnM our 0* smig" is to M-MUS10 YIWA IIS � Mbff" 40 in 0" COWAAMIat iROW ORY Iof a 't w *" Y" $Me met AS Re"kemenlL a * " NW helabW 18 Y04 fteasYIGU because n eaw in 16 CWA*�Kour Nabw VA be &UAW to yew ctual less40MOOd by yoX fetp" 00 *AS CMWAWWO V you aded in owl* to: CGM;* vft Ow ReWArements *Am in Sdw" il - See&* I or Ehwktate wah ow wrom consent afty Excepfom shom'"SdW68-Seebonfl. we Ow Ixt be Mable IN NKMqee Cand PekV Aawt" 5h~ im 31*0� A of in owAxtpwA Gw joboy is to On tam a #*poky ("m to be issued to you. S. CLAWS MUST BE oA wo oN Tits coonstamoff Any dowk WNVW or A* based on neogmm. wwck be based an his Commwnew and is gubled le Is temw. Y'u `W ha" agabo q ALTA Maim tan~ cQ=wkM4*tT-M) 71 11 f F 71I I F-';- T-1 7"7" v 746 ALTA GE tTMENT. (6-17-06) _ Sdwdule A r. . First American Tine Insu ane'e Company Schedule A 1ssg Bice FileW: 05171,3PM *Re: 5455 Cor erre Eirive, PaI KY 42001 , 1. Cormakinent Date: May 1.5, 2013; at 8:30 A.M. 2. Policy of Poles to be issped (a) Owners Policy ALTA Own= 6-17-46 Amount of lase: VMD Proposee'r a fired: Xidvsdnd Devel kcrat AU &ordy 3.. The. estate or interest in the land gibed it this m� hnent is fee simple, apI. at the effective date hereof vested in. Paducah-MeCrwkea qty Indusuial Developnemt Aut'�ity 4. t1w land referred to in this Conmeduneat is descries as foliows See l pit Attach tdrz Keu*, LLP uuhozized Sig atory *FOR COMPANY eRMUMME PURPME 6NLY, NOT AN INSJRhr, PRO &ON THIS COHNITMWIr, 1S MNISHED BY FD A WL�CAAT TrTIX MMkkHCZ ICOM ANY, OR M POLWY AG.XNT SONY VCR THM ISSUANCE Of A 12NOUCY I'M MUMI&S 4, FtS fl" ARRIt ZiCA�tY TITi,E WOURA, E Gol4�PAR,Y 'TRIM CGM} fits H= A0 A�� OR AN`PJRON 01MAB - UNDER ' tis D� B A "fes � ANIS MM %� "n3 Co ' AND Tnz Trnz 3 ugAre II.�GY To AND l�fOT ABo'v�R A6 rB ,POSE➢? 04MMED I ASCE W�i`3T 1L1 TO Y MW CG�i� ' R ANY MI:3. IP�bwz Yiisff ak WTI= 71k ;day pALzLq'Aftb AND OrMIR T17LE 7frAnD C"RGES ARE iASTED. ALTA COMMITMENT (6-17-06) Schedule A I 1 issuing Off=' Fil6 N, -o: .051713PM t The following requirements must b6. met: I Pay the agreed amounts for the interest in the land'andlor the mortgzge to be insired. 2. Pay us the premiums, fees and cl*ges. Tbr the peicy. 3. Pay ail taxes and/or assessments, levied arA assessed ag&Msc the And, witTh are due and payable. 4. You must tell us in writing the name of &RYORe W TeferTed � in WS Commitment who will. got an interest in the land or who will make a kan on Oke W. 5. Documents, satisfactory to us, efta&S the interest 'in the �and and/oz mor! . gage to be insured, must be signed, delivered and rec�. 6. The undersigmA hits examined title to the subjest propwiy solely for the purpose of cletamm'ing the status of ownership of the subject property. The w0ersitaed has not been requested1lo, and as- not, evalt-tated the financial wandness of the beemwer -cc thesaffwy of v" of the property as c6flaterzi for arry loan, and expvessly diwlaims any liabilityforto the dec' ' Won dMer ir4o, the ion, which deeisidn is compietely the respongiMlitypf the irtstituti n making said low. 7; IT a policy is issbed, a i"'Ity of Paducah Orwmn eax Of 6% Of She Premium WUST AE collected in wdita'*6 to the �rbmium. 9. TIZ Lmhecsigned has exwnined title to 4it subject pmperly so1zly for 2he pwpow. of determining 6e sW= of ownership of the sub, t Property. 'tae undersigned has art been requested to, and has not, evaluated the financial soundness of the borrower or the, suffcimey of value of the PrOvler¢Y as collateral for any low, and ex*essly discWms any liability for the &6sjon to enter into tIma, which decision is ccn4kteiy b�e responsibility of the institution ' ukaking said loan. 9. '4 he propeoy address referenced h=,, if any,, was ebtLfied from the ioctl property assessor's office a is for infomattogg purposw only. mss sxamiaer makes no =h:rezation as to the accuracy of the property addiress and disclaims my liabillity for yaw reliance upoTi same. 10. Pmduce satis-fitetory evidence iMt all r enoiks MW pu%krsigrs involved it, the conveyance of the fir ed xepe�y we dimly cigami=nd W ve to gload stsMang ih r state of iticorporatioMegistratio ar4 the StEft of 7, eahreky Fvr&=, &w * Swd of Meators of any CoMoratioc invoived in this twmsti aved &Y testi vftn, "I -e s or. p=hzse of the insured property for the consideration toy � 91v6n OWIS with d=gnitrig a pmeA persons or class of pr rsom who can execute the documents &W othwwift act on its beha:f. edk CT;; LTA W (6-17-06) 3, 10. The larger tract from which the above described property was taken is subject to a general permit dated June 30, .1910, in favor of SoWhern Bell Telephone & Telegraph Company for service across property. Said easement is of record in Deed Book 174, page 261, McCracken County Court clerk's Office. 11. The larger tract from which the above described ?property, was taken is subject to a general permit dated June 28, 1928, io favor.' of Southern ie� Telephone & Telegraph Company for clearance across said property. Said permit is of record in Deed Book 165, page 247, McCracken County Court Clerk's Office. 12. This property was tax exempt for the 2012 rax year. City, state and county advalorem taxes for 2013 are a lien assessedl, not y#.t due wid payable. i t 160460.doc Schedule B — Section II ALTA COMMMMENT (6-17-N) 29 751 6 4 a Declaration of Protective: Coniftants and Restrictions Industrial Park West M DRC. M is made an dig IS* iSMIUaiy, 2010 by PADUCAEI- MCCRACKM CGUNft DOMITULAL DEVELOPMENT AUTRORITY, (the "Developer" or "MMA"), a temawntal VMOY And i USUumentWity of the City of Paducah, and. CMUMY Q(b4QQAdkA1% KeRhM *:",� as ftowner and developer -of tjja�certain � . ain real Property located in ]P&duc* h1CCFmkft County, Stake of Kentucky, known as Industrial Park West (the )- WH , . : WHMEAS. the Developer is dw owner of certain red p joc&W in pz*mxk MCC=ckM KA"tuGkY- m0e PwbmkAiY 4=m*cd an K A; md WHEREAS, the Developer has caused to be develeRed MW CORURUSS to 4MVW the I afamaid real property as an industrial park, -kno"�.,=bWkswW Pak W eat pWvMM'* 66 public ptirp6se of the City of Paducah and County of Maegadtojof e0ancag - 1000MMUM 40VAepmwA anid Fmidift quality A oppo&mMm lbr the CWM= of p&&rAk bkCruim County, and am Comman*emhkof Kanfim&T, YHER1W, in order to establish a generg plan for &e inWwement and drMlepsmag of Put West, the Deter de4k= W subject the prapWy to cettam cyot�ditioos, reskiction, Sad cavenants6 upon and subject to. W" *A. real pmPerty sW1 be held. tramftmd, soK km;4 oftmyvd, wA occupied for the bwmfit of ae cuffed ow ma and &U fimure own= to kuk"Mal Panic Wag, and WEM-R—EAS, the hnpoemonOf *P condWone, restrictions, eamem=&,, and. cow-MMAft contained hi dkisL Declaration was Of by dw beaW of dkWm of ft Darebper Out or about January 26, 2001, sad on jammy,►15, 2010, authorized and dkvcW 6e. mcordingof dmm conditions,. reptiietions, eneraceft, and covemants in dw b6ppraopm County0mut -,*a owe; and Cink A NOW. THEREFORF, dw Developer hemby declares that an &&rpmid md pxpedy #W be bvU by dw DmdoW mid "ch =kwq=M owmer m*ject to the m4fiens, reodefion.. and eevenuft contamed in dais Dedwation which *W run Wkh ft land =d be bivAng upon &U paim hm* my , ASK.We or WNeat in &e &&B=W md P"WW. their b, and and assigas and shaff ism to &e bawfit bf&e Drai"er and each nbseWat Owner. iII r -r- r -F- ci._.L u L _:-J, _... `- -'-'- ! y _:_.:._ _._..: ..: _. i. I I -------- 752 ---752 11,6 PRRwrM Un': Ait swk r1w estate A a %;a l I, ,. anotbi f to `M60,6 af t 12 RAZARDGM O IILLWAI. >�. . j man thereof, for -the manufacturing, storage or � ` which will increase fire;hazards to adjoining. a nw.sance or'causes:emissions ar odors or gases injurious toproducts manufactured or stor*d upon Ad jornxng premises orpre�tniss;within. SQ.O feet of said properly; or far any purpose or use llia� � �i America, the Coiximonwealt4 of.Kentucicy orapplubb y e r ter er 1.3) XCAVATLON: Na eXcavattons or excavating work shall b 'permitted on any part of s ak real estate on such real estate itnme( iately print to, and during the construction of such buildings :and tangible iirmpravements orxepairs: No soil; sand, -gravel, minerals;.,aggregate or earth materials draft be reis�oved ffiom said rear estate: except as part of sueh excavations .made for dw Pape=Ofewakwaft bwAwV . 1A OUTSIl ice. i t vim. hm 1 ' Of ac ftQbA is fi j 24 SITRAM AM GRGMWARIA COo TAM nwaafiwkr Vkh applicable zoning ordinance of-the City of Paducah and/or the Caanty, of McCracken except. (a) minimum lot sizes•shall be 3 acres.; (b). i all structure shall be set back at Ieast -fitly (5 feet from the right of way (front setback) and pavingshall, be twenty five (25) f 1. 1 1 rri the right of way; )° no ;building shalbbe located closer than twenty-rive (25) feet to th 'Arand t a >o€e :f iii masonry concrete, glass; Mpm Ar unless all exterior wal[9 atit a materials. ..All gutters, affwu i . a:w am 14 mWavai piftaZze s wig be, I' t ' i l f � , 3.1 A M0VAL NY PPODA: All odortwo Of Ucfwft not dMWOM t firM be nbutitted and hwe wfwen approval b3►Ae PMWA, 6' 3.2 comnucnoN ; 'rhe PM1DA shall havethe pow - r to approve the construction schedule of any development by grantee or lessee. Any grantee or lessee taking tine or leasehold interest if, ;any realty in the park shall begin construction within one'1 {) year of closing on said real estate or execution of lease. Completiotof construe#ion shall be in accor+ vA& tbo and spec i ti "Caved by 1. the PSA, 3-3 REAM COI!i Wft: Refuse be 106W at dw side or rear of dw balls amid semenW., 3.4 HEATING AND COOLING TOWERS: All heating and coag Wires Pte, an dw roofs of buildings shall be screened or enclosed from the street.view so architecturally oompatible with the main portion of the building. 3.5 LOADING DOCKS AND FACILITES Provisions for handling all freight, whether by rail or truck; must be on those sides of any building which do. not face a frontage street. All loading docks must be located at the rear -or sides of the buildings. Loading facilities shall constiucted so that no part ofthe l loading vehicle being unloaded at any loading_ dock, door or area will extend .beymbd the Pam, el line; All loading areas stall be screened from the street view.; 3.6 PARTING:.Employee, customer, :owner or tenant pi' ki t be , public street no'w in existence, through or adjacent to the abov0'd i ,, Pg a must be paved with year round surface (asphalt or concrete). Paed, skut panting areas sufficient for all the automobiles aid uucks of any busipm and ifteuqgoyees. WSWUMN. Visitors. Sad comervehicle pulang used ib&ACOQdWAofthe bU=="Ibe providw on each parcel 3.7 FRGW ;hM- ACK PA RMG: 4s all t . #bo seder* abs be fimiW to WACWmercial veNclas only and M exceed SW* of the rte- sk wow 1 3 AMOUNT 0� P"KI� >slas<xlt : 000 PassOUIPC ew 1 8 space be W ofb�ld g P for every SW sc�,,,�t01�: ORO CA M, L+.sa €AL, s feet df l a , l '& Prefal One p .. . W be rovidw for every 250 square feet of> icor am� 1 4A UNMGROUND MLIT E& Alle power line. wepbow .. . Vie, WAN ape, Ps Or P� ram laadtxsj doff bc =d 3 s r A ` 3.1 A M0VAL NY PPODA: All odortwo Of Ucfwft not dMWOM t firM be nbutitted and hwe wfwen approval b3►Ae PMWA, 6' 3.2 comnucnoN ; 'rhe PM1DA shall havethe pow - r to approve the construction schedule of any development by grantee or lessee. Any grantee or lessee taking tine or leasehold interest if, ;any realty in the park shall begin construction within one'1 {) year of closing on said real estate or execution of lease. Completiotof construe#ion shall be in accor+ vA& tbo and spec i ti "Caved by 1. the PSA, 3-3 REAM COI!i Wft: Refuse be 106W at dw side or rear of dw balls amid semenW., 3.4 HEATING AND COOLING TOWERS: All heating and coag Wires Pte, an dw roofs of buildings shall be screened or enclosed from the street.view so architecturally oompatible with the main portion of the building. 3.5 LOADING DOCKS AND FACILITES Provisions for handling all freight, whether by rail or truck; must be on those sides of any building which do. not face a frontage street. All loading docks must be located at the rear -or sides of the buildings. Loading facilities shall constiucted so that no part ofthe l loading vehicle being unloaded at any loading_ dock, door or area will extend .beymbd the Pam, el line; All loading areas stall be screened from the street view.; 3.6 PARTING:.Employee, customer, :owner or tenant pi' ki t be , public street no'w in existence, through or adjacent to the abov0'd i ,, Pg a must be paved with year round surface (asphalt or concrete). Paed, skut panting areas sufficient for all the automobiles aid uucks of any busipm and ifteuqgoyees. WSWUMN. Visitors. Sad comervehicle pulang used ib&ACOQdWAofthe bU=="Ibe providw on each parcel 3.7 FRGW ;hM- ACK PA RMG: 4s all t . #bo seder* abs be fimiW to WACWmercial veNclas only and M exceed SW* of the rte- sk wow 1 3 AMOUNT 0� P"KI� >slas<xlt : 000 PassOUIPC ew 1 8 space be W ofb�ld g P for every SW sc�,,,�t01�: ORO CA M, L+.sa €AL, s feet df l a , l '& Prefal One p .. . W be rovidw for every 250 square feet of> icor am� 1 4A UNMGROUND MLIT E& Alle power line. wepbow .. . Vie, WAN ape, Ps Or P� ram laadtxsj doff bc =d 3 755 no hisbw than g fent above the finished parted Bade on which it stands and AM be in More t Meana (14) fait in leas. M'' sib #hall obstruct the VWM 4=10WAdVe tragi.. 647 7A TYPR AF Ski: S7Wz be of apW=WRt ate., NeeN flashing $dam of preduaft of Services -or .. oto direct in . . No siVx or advertismg dev ues shall be wAWAed directly or pakted on am cxftw roof of any hWdi ng• 1.5 OTHE R ME' DIA. No devices ski, as fliashing or rotating devices, phonographs, , public address. systems or acini pcoductions ar reproduction devicin are or identifyiag the building. S.0 RZKMIVISION OF LOIM: No re=bdivision of lots is allowed wridum pciw wrium qpvvsl of the PllMA. Io the . is any conflict t% co at ts. eouddiow andprw4uwm and of tla a City of Paducah a tr &e County of McCmcken, soh "be resolved in favor of the more eve provisions. These eve covetwo be deemW for the bit ofthe present and Lion QWQM and of the Park and may be enforced of low or in equity by the PadueahAdeCra*en County Industrial Authority, Industrial Development A,uthorit, and anygrantedlessen or otlw occupant utUizingthe &Cwdes of -the above-described realty, and/or any other mem,ber of the geaerl per. I%= restnctive covenants sball be in full force and effect for a period of 50 yem fivw the daft here4 and valowakered, unendod or terminated ted ia writing by tbreo-&uwn of an gmatees, lei or O=upants of the above described realty, the sante AM be extended awtomminuy for, S9 . 11M effective date of this Deolaraion stall be JMAKY 26, 2001. wrriess the signattm of 6 Develow and nbsequtat own= as -of td abs written.�. DEVELOPER: PADIICAH-MCXACIMN COQ INDUSTRUL fel La . AUT'H9t rry. BY 1 Title r • S. The boregoing 1nskurmsttwu wici? 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