HomeMy WebLinkAbout76-4-1258135
ORDINANCE NO. 76-4-1258
AN ORDINANCE AUTHORIZING THE LEASE OF CERTAIN CITY PROPERTY
., ~.
..
TO PADUCAH MARINE WAYS , INC . AND DIRECTING THE MAYOR TO EXECUTE SAID
LEASE
WHEREAS , the current lease between the City of Paducah and Paducah
Marine Ways, Inc. expires on May 10, 1976, and
WHEREAS , both parties to the aforesaid lease now desire that a new lease
be entered into .
NOW THEREFORE, BE IT ORDAINED BY THE BOARD OF COMMISSIONERS
OF THE CITY OF PADUCAH , KENTUCKY:
SECTION 1. That the City of Paducah, Kentucky, shall lease to Paducah
Marine Ways , Inc . for a period of five (5) years , with an option to renew for an
additional five (5) years, the following described real property:
Being all that portion of Lots 13 , 14 , 15 , 16 , 17 and 18
in Block 3 of "Old Town" that is situated between
Kentucky Avenue and Washington Street, the Tennessee
River and a line running parallel with the Floodwall
`and situated 25 feet ~on the river side of same -from its
center line .
SECTION 2. The consideration for the aforesaid lease shall be the sum
of $120.00 per month and the said lease shall contain such other terms and provisions
as may be recommended by the Corporation Counsel.
SECTION 3. The Mayor of the City of Paducah, Kentucky, shall be, and
he is hereby, authorized and directed fo execute om or about May 10, 1976, the aforesaid
lease with Paducah Marine Ways , Inc . -
SECTION 4. This ordinance shall be in full force and effect from and
after the date of its adoption . '~.
Z~ ~ ~ ~ ~ ,
• .. ~ ~ .. Mayor -
Passed' by the Board of Commissioners April 27 , 1976
Recorded by Sarah Thurman, City Clerk, April 27, 1976.