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HomeMy WebLinkAbout2011-7-7841ORDINANCE NO. 2011-7-7841 AN ORDINANCE AUTHORIZING THE MAYOR TO EXECUTE A CONTRACT WITH ENTREPADUCAH FOR SPECIFIC SERVICES BE IT ORDAINED BY THE CITY OF PADUCAH, KENTUCKY: SECTION 1. That the Mayor is hereby authorized to execute a contract with EntrePaducah in the amount of $100,000, to be made in quarterly allocations of $25,000, to provide support to entrepreneurs in Paducah and McCracken County. This contract shall expire June 30, 2012. SECTION 2. This expenditure shall be charged to the Investment Fund account, Project No. EDO101. SECTION 3. This ordinance shall be read on two separate days and will become effective upon summary publication pursuant to KRS Chapter 424. ATTEST: s. Tammara S. Brock, City Clerk Introduced by the Board of Commissioners, July 12, 2011 Adopted by the Board of Commissioners, July 26, 2011 Recorded by Tammara S. Brock, City Clerk, July 26, 2011 Published by The Paducah Sun, July 30, 2011 \ord\contract-entrepaducah subsidy fy11-12