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HomeMy WebLinkAboutMO # 1645MUNICIPAL ORDER NO. 1645 A MUNICIPAL ORDER AUTHORIZING THE MAYOR TO EXECUTE A LEASE AGREEMENT BETWEEN JAMES MARINE, INC., AND THE CITY OF PADUCAH FOR LEASE OF PROPERTY LOCATED BETWEEN KENTUCKY AVENUE, WASHINGTON STREET, THE TENNESSEE RIVER AND THE FLOODWALL BE IT ORDERED BY THE CITY OF PADUCAH, KENTUCKY: SECTION 1. That the Mayor is hereby authorized and directed to execute a Lease Agreement between James Marine, Inc., and the City of Paducah, Kentucky, for the sum of two hundred twenty-five dollars ($225.00) per month for land located between Kentucky Avenue, Washington Street, the Tennessee River and the floodwall. SECTION 2. The term of the aforesaid lease authorized in Section 1 above shall be for one (1) year, with the option to renew at the same terms for three additional one-year periods. SECTION 3. This Order shall be in full force and effect from and after the date of its adoption. ATTEST: JM!9��O/, 1457WCk, Tammara S. Brock, City Clerk Adopted by the Board of Commissioners, January 24, 2012 Recorded by Tammara S. Brock, City Clerk, January 24, 2012 \mo\Lease w -James Marine for Property 2012