HomeMy WebLinkAbout84-4-2504ORDINANCE NO. 84-4- 2504
AN ORDINANCE EXEMPTING HAWLEY PRODUCTS, INC. FROM THE PAYMENT OF CERTAIN CITY TAXES FOR
A PERIOD OF FIVE YEARS
WHEREAS, it is provided by Section -92.:300(1) ;that the legislative body of any city of
the second to sixth class may, by ordinance, exempt manufacturing establishments from city
taxation for a period not exceeding five years as an inducement to their location in the city,
and
WHEREAS, the Board of Commissioners met and tentatively approved the tax relief gran
herein as an inducement for Hawley Products, Inc. to build its manufacturing establishment in the
City of Paducah, and
WHEREAS, Hawley Products, Inc., a Kentucky corporation, has requested such exemption
for the purpose of establishing a manufacturing establishment in the City of Paducah, Kentucky,
and
WHEREAS, the Board of Commissioners of the City of Paducah, Kentucky, finds that the
granting of such an exemption will induce Hawley Products, Inc. to locate a new manufacturing
establishment in the City of Paducah, and that the benefits to said City and its citizens of the
location of such new manufacturing establishment in said City will greatly exceed any benefits
derived from such taxes if such an exemption were not granted, and
WHEREAS, the Board of Commissioners of the City of Paducah, Kentucky, desires to grant
such exemption as an inducement for said manufacturing establishment to be located in the city.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY OF PADUCAH, KENTUCKY:
SECTION 1. That the real estate to be purchased by Hawley Products, Inc. for a manu-
facturing site, together with all of its associated manufacturing equipment subject to city
taxation, be exempted from such city ad valorem taxation as provided for by Section 92.300(1) f(
a period of five years, beginning with the first half (payable in the fall, 1985) of the taxes
assessed as of January 1, 1985, for the fiscal year 1985-86, as an inducement for said establisl
ment to be located within the corporation limits of the City of Paducah, Kentucky. A brief
description of the aforesaid real estate is as follows: 1567 North 8th Street, Paducah,
McCracken County, Kentucky.
SECTION 2. If at any time said Hawley Products, Inc. should cease operating said
manufacturing establishment, except periods of non -manufacturing activities caused by accidents,
mishaps, breakdowns, strikes or other unavoidable occurrences or casualties, the exemption
granted herein shall be immediately cancelled and held for naught.
SECTION 3. This ordinance shall be read on two separate days and will be effective
upon publication of a certified summary thereof.
JOE VITERISI
Mayor
Introduced by the Board of Commissioners % 1984
-)-Z/
Passed by the Board of Commissioners April 4-&; 1984
Recorded by Louise McKinney, City Clerk, April 1-6-, 1984
Published by The Paducah Sun 3z), / ��