HomeMy WebLinkAbout2012-5-7921146907
ORDINANCE NO. 2012 — 5 - 7921
AN ORDINANCE OF THE CITY OF PADUCAH, KENTUCKY, APPROVING
AN AMENDED AND RESTATED MEMORANDUM OF UNDERSTANDING
BY AND AMONG THE CITY OF PADUCAH, KENTUCKY, AND HIGDON
DEVELOPMENT, INC., AND GREENWAY VILLAGE, LLC, WITH
RESPECT TO THE RESIDENTIAL DEVELOPMENT OF VACANT
PROPERTY WITHIN THE CORPORATE BOUNDARIES OF THE CITY OF
PADUCAH; AND AUTHORIZING THE EXECUTION OF VARIOUS
DOCUMENTS RELATED TO SUCH MEMORANDUM OF
UNDERSTANDING.
WHEREAS, the City of Paducah is charged with the responsibility of overseeing the
proper and orderly development of vacant properties located within its corporate boundaries and
of insuring the integrity and quality of its existing residential neighborhoods; and
WHEREAS, the City of Paducah's economic well-being is related to and in many
respects is dependent upon, sustained growth of its population and tax revenue base through
development of vacant properties; and
WHEREAS, Higdon Development, Inc., a Kentucky corporation, and its affiliate
company, Greenway Village, LLC, a Kentucky limited liability company (collectively, the
"Developers") are the present owner of a certain tract of vacant real estate located within the
corporate boundaries of the City of Paducah upon which Developers propose to construct a
multi -family residential development (the "Residential Development"), which real estate is
generally bounded by
County Park Road, Stuart Nelson Park Road, and Stuart Nelson Park, in the city of Paducah,
McCracken, Kentucky (the "Property"); and
WHEREAS, the Residential Development will encourage development of single-family
owner -occupied housing on vacant, orphaned, or underutilized land located in the mature
portions of Paducah where infrastructure and services are in place; and
WHEREAS, the Residential Development will encourage infill development that may
have been underutilized or blighted, helping to catalyze revitalization; and
WHEREAS, the Residential Development will promote the health of the existing public
school system by increased residential development within the existing City of Paducah School
System; and
WHEREAS, the Residential Development will promote quality housing consistent with
the character of the adjacent residential neighborhood; and
WHEREAS, the Residential Development will help maintain growth through infill
development, which encourages a healthy economy; and
WHEREAS, the Residential Development Agreement will encourage infill residential
development, which will increase the population base of the City of Paducah, therefore
increasing the possibilities of becoming a designated urbanized area; and
WHEREAS, in order to insure that the Residential Development will have a positive
impact on the entire community and to encourage the public purpose of infill residential
development the City and Higdon Development, Inc., entered into a Memorandum of
Understanding dated March 2, 2011 (the "MOU"); and
WHEREAS, the MOU expired on March 2, 2012; and City and the Developers now
desire to amend and restate the MOU so that the obligations of the parties shall continue under
this Amended and Restated Memorandum of Understanding.
NOW THEREFORE, BE IT ORDAINED BY THE CITY COMMISSION OF THE
CITY OF PADUCAH, KENTUCKY, AS FOLLOWS:
Section 1. Recitals and Authorization. The City hereby approves the Amended and
Restated Memorandum of Understanding among the City and the Developers (the "Amended
and Restated MOU") in substantially the form attached hereto as Exhibit A and made part
hereof. It is further determined that it is necessary and desirable and in the best interests of the
City to enter into the Amended and Restated MOU for the purposes therein specified, and the
execution and delivery of the Amended and Restated MOU is hereby authorized and approved.
The Mayor of the City is hereby authorized to execute the Amended and Restated MOU,
together with such other agreements, instruments or certifications which may be necessary to
accomplish the transaction contemplated by the Amended and Restated MOU with such changes
in the Amended and Restated MOU not inconsistent with this Ordinance and not substantially
adverse to the City as may be approved by the official executing the same on behalf of the City.
The approval of such changes by said official, and that such are not substantially adverse to the
City, shall be conclusively evidenced by the execution of the Amended and Restated MOU by
such official.
Section 2. Severability. 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. Compliance With Open Meetings Laws. The 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. Conflicts. 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. Effective Date. This Ordinance shall be read on two separate days and will
become effective upon summary publication pursuant to KRMChapter 424.
ATTEST:
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City Clerk
Introduced by the Board of Commissioners, April 24, 2012
Adopted by the Board of Commissioners, May 8, 2012
Recorded by City Clerk, May 8, 2012
Published by The Paducah Sun, May 14, 2012
\ord\plan\MOU-Higdon Dev amend 5-2012
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4/12/2012146900
EXHIBIT A TO ORDINANCE
AMENDED AND RESTATED
MEMORANDUM OF UNDERSTANDING
This is an Amended and Restated Memorandum of Understanding (this "Amended and
Restated MOU") made and entered into on the day of , 2012, by
and between the CITY OF PADUCAH, KENTUCKY (the "City" or "City of Paducah"), a
municipality of the second class, and HIGDON DEVELOPMENT, INC., a Kentucky
corporation, and its affiliated company, GREENWAY VILLAGE, LLC, a Kentucky limited
liability company (collectively, the "Developers").
WHEREAS, Developers are the present owner of a certain tract of vacant real estate
recorded in deed book 778 page 634 and recorded in plat section M, page 483, in the McCracken
County Court Clerk's office, located within the corporate boundaries of the City of Paducah
upon which Developers proposes to construct a residential development, which real estate is
generally bounded by County Park Road, Stuart Nelson Park Road and Stuart Nelson Park, in the
city of Paducah, McCracken, Kentucky (the "Property"); and
WHEREAS, on March 2, 2011, Higdon Development, Inc., and the City entered into a
Memorandum of Understanding (the "MOU") outlining the terms of a Development Agreement
pertaining to the Property, which Memorandum of Understanding expired on March 2, 2012;
and
WHEREAS, the parties hereto now desire to amend and restate the MOU and the
obligations of the parties shall continue under this Amended and Restated MOU, and shall not in
any event be terminated, extinguished or annulled, but shall hereafter be governed by this
- Amended and Restated MOU; and it is further understood and agreed that the MOU is being
amended and restated by entry into this Amended and Restated MOU on the date hereof; and
WHEREAS, the City of Paducah is charged with the responsibility of overseeing the
proper and orderly development of vacant properties located within its corporate boundaries and
of insuring the integrity and quality of its existing residential neighborhoods; and
WHEREAS, the City of Paducah's economic well-being is related to and in many
respects is dependent upon, sustained growth of its population and tax revenue base through
development of vacant properties; and
WHEREAS, the Residential Development (as defined herein) will encourage
development of single family, condominiums, and multi -family housing on vacant, orphaned, or
underutilized land located in the mature portions of Paducah where infrastructure and services
are in place; and
WHEREAS, the Residential Development will encourage infill development that may
have been underutilized or blighted, helping to catalyze revitalization; and
WHEREAS, the Residential Development will promote the health of the existing public
school system by increased residential development within the existing City of Paducah School
System; and
WHEREAS, the Residential Development will help maintain growth through infill
development, which encourages a healthy economy; and
WHEREAS, the Residential Development will encourage infill residential development,
which will increase the population base of the City of Paducah, therefore increasing the
possibilities of becoming a designated urbanized area; and
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- - - -�- --
WHEREAS, in order to insure that the Residential Development will have a positive
impact on the entire community the City and the Developers have reached certain agreements
respecting the construction and improvement of the Residential Development and wish to reduce
the same to writing.
NOW, THEREFORE, in consideration of the foregoing premises, and for other value
consideration, the legal adequacy and sufficiency of which is hereby acknowledged by all parties
hereto, the parties do covenant and agree as follows:
A. Developers agree to the following:
Develop the Property for the exclusive use as a single family, condominiums, and
multiple family residential development and construct and install all public
improvements within the "residential development" in accordance with the final
subdivision plat or plats approved by the Paducah Planning Commission ( the
"Planning Commission"), the subdivision plans and stormwater management plan
approved by the City Engineer, and all applicable subdivision regulations as set
forth in Chapter 102, Article I and II of the Code of Ordinances—City of Paducah,
Kentucky (the "Subdivision Ordinance")(the "Residential Development"). For
purposes of this Amended and Restated MOU, public improvements shall include:
streets, sidewalks, curbs, gutters, storm sewers and storm water conveyance
system, water supply and distribution facilities, sanitary sewer facilities, electric
distribution facilities and street lights, and survey monumentation.
2. The Residential Development may be, at the option of the Developers, completed
in two phases, provided, however, the Phase 1 Infill Agreement must be executed
within one year from the date of the adoption of this Amended and Restated MOU
and the Phase II Infill Agreement (as defined herein) must be executed within five
(5) years from the date of the adoption of this Amended and Restated MOU.
3. Submit to the City Engineer for approval the final subdivision plans and
stormwater management plan for the Residential Development in compliance with
the Subdivision Ordinance.
4. The use and development of the Property shall be restricted to only single family,
condominiums, and multi -family residential units, which covenant shall run with
the land and shall be binding on all parties claiming under and through the
Developers, unless cancelled, altered, or amended by a writing entered into by the
Developers, or its successors, and the City of Paducah. This covenant on the use
and development of the Property shall be incorporated in the covenants and
restrictions of the Property which will be filed with the application for a
preliminary and final subdivision plat of the Residential Development and
ultimately place of record in the McCracken County Court Clerk's office.
B. City agrees to the following:
1. In consideration of the commitments and agreement of the Developers set for
above, the City agrees that upon the approval of each of the two final subdivision
plats of the Residential Development and acceptance of all public improvements
as defined in paragraph A (1) above, and simultaneous thereto, the City of
Paducah agrees to approve and enter into a Residential Infill Development
Agreement with the Developers in substantially the same form as attached hereto
as Exhibit A (the "Infill Agreement") for each of the two phases of development.
2. The Infill Agreement shall evidence the City's agreement to reimburse
Developers, for the actual and reasonable initial costs and expenses incurred by
Developers to construct and install the public improvements within the
Residential Development to be acquired and owned by the City up to an amount
not to exceed the total amount of ad valorem real property taxes assessed and
collected by the City over a ten (10) year period, commencing with the execution
of the Infill Agreement, from the Residential Development constructed on the
Property. For the purpose of this Agreement, the public improvements to be
rd
acquired and owned by the City shall include: streets, sidewalks, curbs and
gutters, storm sewers and storm water conveyance system located within public
right of way. If the Infill Agreement for Phase II of the Residential Development
is not executed within 5 years of the date of adoption of this Amended and
Restated MOU, then the City's obligation to enter into the Infill Agreement for
Phase II shall automatically terminate and be of no further force and effect.
3. The City shall have no obligation whatsoever to reimburse Developers in excess
of the total amount of ad valorem real property taxes actually collected and
received by the City annually during each year of the ten (10) year period.
Further, the City's obligation to reimburse Developers shall automatically
terminate upon payment in full of all such eligible costs and expenses or at the
end of the ten (10) year period, whichever occurs first.
4. The City shall construct, at its cost, Section 1 of the roadway improvement
relating to the Residential Development in conjunction with the Developers'
construction of Phase 1 of the Residential Development. Section 1 (Exhibit B)
shall be defined as that portion of the intersection of County Park Road and the
Subdivision's roadway depicted on the Phase 1 Subdivision Plat. Section 1 is
located within the right of way of County Park Road. The City agrees to
complete Section 1 in conjunction with the Developers" completion of Phase 1
and being within one year from the date of the adoption of this Amended and
Restated MOU baring any delays associated with regulatory matters/permits.
5. In the event Developers commence construction of Phase II of the Residential
Development in accordance with the terms and conditions of this Amended and
Restated MOU, the City shall construct, at its cost, Section 3 of the roadway
improvement relating to the Residential Development (Exhibit B) in conjunction
with the Developers' construction of Phase II of the Residential Development.
Section 3 shall be defined as that area located adjacent to Stuart Nelson Park Road
and proceeding to the west to the limits of the Property.
C. Miscellaneous Provisions. The following miscellaneous provisions shall apply:
1. Assignment. This Memorandum of Understanding shall be binding upon and
shall insure to the benefit of the parties hereto, and their respective legal
representatives, heirs, successors and permitted assigns. The Developers shall not
assign its rights and obligations hereunder, in whole or in part, without the prior
consent of the City, but in no event, shall any assignment hereunder release or
relieve Developers from any obligations of this Agreement for which Developers
shall remain fully bound to City.
2. Merger Clause. It is agreed and understood between the parties that this
Memorandum of Understanding represents the entire and exclusive agreement
between the parties, and that all prior representations, covenants, warranties,
understandings and agreements are merged herein. This Memorandum of
Understanding may only be modified in a writing executed by all parties hereto.
3. Construction. This Memorandum of Understanding shall be governed and
construed under the laws of the Commonwealth of Kentucky.
4. Assurances. City and the Developers agree to execute such further documents
and instruments as shall be necessary to fully carry out the terms of this
Agreement.
5. Amendments. This Memorandum of Understanding may not be modified or
amended unless by a writing signed by both parties hereto.
6. Execution and Delivery. This Memorandum of Understanding shall be of no
force or effect unless and until it shall have been executed by both the City and
the Developers and approved by the governing body of the City of Paducah.
7. Time. All times referred herein shall be strictly construed, as all of such times
shall be deemed of the essence.
WITNESS signatures of the parties as of the year and date first above written.
DEVELOPERS:
HIGDON DEVELOPMENT, INC.
Phil Higdon, President
Date:
GREENWAY VILLAGE, LLC
0
Phil Higdon, Manager
Date:
CITY:
CITY OF PADUCAH, KENTUCKY
Lo
Date:
I
William F. Paxton, Mayor
EXHIBIT A
Residential Infill Development Agreement
THIS INFILL DEVELOPMENT AGREEMENT ( the "Infill Agreement") made and
executed on this day of , 20_, by and between the City of
Paducah, Kentucky, a city of the second class, 300 South Fifth Street, P. O. Box 2267,
Paducah, Kentucky 42002-2267 (hereinafter referred to as "City"), and Higdon
Development, Inc., and its affiliated company, Greenway Village, LLC, a Kentucky limited
liability company (hereinafter referred to as "Developers").
WITNESSETH:
WHEREAS, the Board of Commissioners adopted Ordinance #
authorizing the approval of an Amended and Restated Memorandum of Understanding between
Higdon Development, Inc., as Developers, and the City of Paducah, which Amended and
Restated Memorandum of Understanding is dated 20_ (the "Amended and
Restated MOU"); and
WHEREAS, Developers are the owner of a tract of real property consisting of
which is located in Paducah Kentucky, a document describing real property is set forth in
Final Plat which is entitled "Final Plat of the ", survey dated
by is attached hereto (the "Final Plat"); and
WHEREAS, Developers has completed all requirements in accordance with the
City of Paducah Subdivision Ordinance and has obtained final subdivision approval for the
Developers' development of said tract of property as a subdivision for residential purposes from
the Planning Commission on and by Board of Commissioners on
,Ordinance # , which approval is evidenced by the Final Plat recorded in Plat
Section , page # , in the McCracken County Court Clerk's office (the
"Residential Development"); and
WHEREAS, The Board of Commissioners for the City of Paducah finds:
That an Infill Agreement with the Developers will increase residential development in the City of
Paducah.
That the City of Paducah's economic well-being is related to and in many respects
dependent upon, sustained growth of its population and tax revenue base through development of
vacant properties.
That an Infill Agreement will encourage development of single family, condominiums,
andmulti-family housing on vacant, orphaned, or underutilized land located in the mature
portions of Paducah where infrastructure and services are in place.
That an Infill Agreement will encourage infill development that may have been
underutilized or blighted, helping to catalyze revitalization.
That an Infill Agreement will promote the health of the existing public school system by
increased residential development within the existing City of Paducah School System.
That infill residential development will increase the revenue tax base necessary to meet
various capital needs, especially in the area of public safety, maintain infrastructure and
facilities, promote economic development, and will aid in the maintenance of existing
infrastructure and facilities.
That an Infill Agreement will help maintain growth through infill development, which
encourages a healthy economy.
That an Infill Agreement will encourage infill residential development, which will
increase the population base of the City of Paducah, therefore increasing the possibilities of
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becoming a designated urbanized area; and
WHEREAS, the City desires to provide municipal services to benefit Developers'
Residential Development, and the ultimate residents to be located therein, but requests
Developers to construct, at Developers' cost, the public infrastructure and improvements which
are necessary for the provision of such municipal services, including, without limitation, streets,
gutters, and other public improvements depicted in the Final Plat (the "Municipal Facilities"),
which upon completion and acceptance by the City will become the property of the City; and
WHEREAS, for reason the Municipal Facilities have become the property of the City
upon completion of construction and acceptance by the City, the City is agreeable to reimbursing
Developers for the cost and expenses ($ ) incurred by Developers to
construct and install such Municipal Facilities within the Residential Development to the extent
of the total cost and expense of same, or the amount of ad valorem real property taxes realized by
the City from property located within the Residential Development for a period of ten (10) years,
commencing with the execution of the Infill Agreement, the lesser to apply.
NOW, THEREFORE, in consideration of the foregoing provisions, and for other valuable
consideration, the receipt of which is hereby acknowledged by all parties hereto, the
parties do covenant and agree as follows:
Reimbursement to Developers for Costs and Expenses of Constructing the
Municipal Facilities. In consideration of Developers' construction of the Municipal
Facilities which are to become the property of the City, the City hereby agrees to
reimburse Developers for the actual and reasonable initial costs and expenses incurred by
Developers to construct and install the Municipal Facilities to the extent of such costs and
expenses, or to the extent of the amount of ad valorem real property taxes realized and
collected by the City from the City's levy and tax on the Residential Development for a
period of ten (10) years commencing with the execution of the Infill Agreement, the
lesser to apply. Reimbursement of these costs and expenses shall be subject to the
following terms and conditions:
A. Eligibility for Reimbursement. Only actual costs and expenses incurred by the
Developers in the construction of the Municipal Facilities which are constructed
in accordance with the Final Plat, the subdivision plans and stormwater
management plan approved by the City Engineer, and the Subdivision Ordinance
shall be eligible for reimbursement. The determination of which costs and
expenses are eligible and whether construction was made in accordance with the
Final Plat, the subdivision plans and stormwater management plan approved by the
City Engineer, and the Subdivision Ordinance shall be made by the City Engineer,
in his reasonable discretion.
B. Time of Request. The Developers shall only be entitled to make a request for
reimbursement at that point in time when the Developers have fully completed
construction of all of the Municipal Facilities. Any request for reimbursement
shall be filed with the City on or before May 31 of any calendar year.
C. Request for Reimbursement. Any request for reimbursement shall be in written
form. The initial Raeh-request made by the Developers shall be verified under
oath and shall itemize the costs and expenses which were incurred by the
Developers in the construction of the Municipal Facilities. Such itemization shall
first describe the Municipal Facilities which were constructed, and then describe
the material and labor incurred in the construction of such facilities, and thereafter
an itemization of the costs and expenses relating to same. The Developers shall
attach this expense report to the first request supporting documentation that
verifies the costs and expenses incurred by the Developers in the construction of
the Municipal Facilities. The Developers shall also provide to the City Engineer
any other documentation requested by the City Engineer which the City Engineer
deems necessary or advisable in his review of the request.
M.
D. Review and Approval by the City Engineer. Upon submission of the written
request, the City Engineer shall evaluate the request and make a determination as
to the eligibility of the costs and expenses as described in the request.
E. Upon approval of eligibility of the costs and expenses and the Municipal
Facilities, the City Engineer shall make a written report evidencing such approval.
The City Engineer shall state in the written report the amount of the costs and
expenses which were approved for reimbursement. In the event the City Engineer
should reject any cost or expense as set forth in the request, the City Engineer
shall provide an explanation in the written report for such rejection. Upon
completion of the written report, the City Engineer shall cause a copy of such
written report to be delivered to the Developers and to the Finance Department of
the City of Paducah.
F. Reimbursement from Finance Department. Upon receipt of the written
approval by the City Engineer, the Finance Department shall make a
determination as to the amount of ad valorem real property taxes which were
levied by the City for the City's sole benefit against the real property located in
the Residential Development and actually collected and received by the City
annually during each year of the ten (10) year period commencing with the
execution of the Infill Agreement. The Finance Department shall make payment
to the Developers in an amount equal to such taxes actually collected and received
by the City annually during each year of the ten (10) year period, subject,
however, to the following conditions:
(1) The City shall have no obligation whatsoever to reimburse the Developers
in excess of the sum total amount of the taxes actually collected and
received by the City during the ten-year period. In the event such sum
total amount exceeds the sum total of eligible costs and expenses, the
City's obligation of reimbursement shall terminate upon full payment of
such costs and expenses.
(2) Any taxes which may be collected by the City for the benefit of others,
such as the school board, etc., shall not be deemed a part of the
reimbursement herein.
(3) Only taxes actually received and collected by the City during the aforesaid
ten (10) year period following the effective date of this Agreement shall be
utilized in determining the reimbursement hereunder. Any taxes collected
prior to or after such ten (10) year period shall not be included in such
determination, regardless of the date of assessment or levy, issuance of the
tax bills, or in the event of any delinquency in payment.
2. Enforcement of Agreement. Each of the parties to this Agreement shall have the right
to enforce the terms of this Agreement. In the event of such enforcement, or in the event
of any dispute between the parties regarding the meaning or interpretation of any
provision of this Agreement, all parties do hereby agree to submit such action to the
McCracken Circuit Court. Each party shall have all rights and remedies as provided by
law. In the event such action is filed with the McCracken Circuit Court, each party does
hereby waive trial by jury. It is agreed by and between the parties that the prevailing
party in such action shall have the right to recover its reasonable attorney's fees from the
nonprevailing party as part of its costs of litigation.
3. Arbitration. Should any dispute arise between the parties, the parties will try to resolve
the dispute by negotiation. If the dispute has not been resolved by such negotiation, the
parties will submit the dispute for administered mediation. In the event a dispute cannot
be resolved by mediation, the following provisions shall apply:
A. As to any unresolved dispute, upon the written request of any party, the dispute
shall be submitted to an arbitrator to be selected by the parties. If the parties
cannot agree within ten (10) days after the receipt of written notice from the other
9
party requesting it to do so, the appointment shall be left to the American
Arbitration Association.
B. Except as otherwise specifically set forth herein, the arbitrator shall conduct the
arbitration in accordance with the Commercial Arbitration Rules of the American
Arbitration Association. The arbitration shall take place in Paducah, Kentucky.
C. The decision in writing of the arbitrator, when filed with the parties hereto, shall
be final and binding on both parties. The arbitrator shall award the costs and
expenses incurred by the prevailing party against the non -prevailing party to such
extent as determined by the arbitrator as the arbitrator deems just and equitable.
Judgment may be entered upon the final decision of the arbitrator in any court
having jurisdiction. Any party shall have the right to sue in court to enforce the
arbitration award. In accepting arbitration, the parties expressly waive trial by
jam'•
4. Miscellaneous Provisions. The following miscellaneous provisions shall apply:
A. Notices. All notices provided for herein will be in writing and addressed to the
parties.
B. Other Rights and Remedies. The duties and obligations imposed by this
Agreement and the rights and remedies available thereunder are in addition to and
not a limitation of any duties, obligations, rights, and remedies, otherwise
imposed or available by law.
C. Governing Law. This document shall, in all respects, be governed by the laws of
the state of Kentucky.
D. Entire Agreement. The Infill Agreement and the MOU expresses the complete
agreement of the parties and supersedes all prior written or oral agreements or
understandings between the City and the Developers with regard to the matters
addressed herein. The making, execution, and delivery of this Agreement by the
parties hereto has not been induced by any representations, statements, warranties
or agreements other than those expressly set forth herein and in the MOU.
E. Amendments. The Infill Agreement may not be modified or amended unless by
a writing signed by both parties hereto.
F. Time. All times referred herein shall be strictly construed, as all of such times
shall be deemed of the essence.
G. Counterparts. The Infill Agreement may be executed simultaneously or in any
number of counterparts, each of which shall be deemed to be an original, but all
of which together shall constitute one and the same agreement.
H. Successors and Assigns. The Infill Agreement shall be binding upon the parties
hereto, their heirs, successors, and assigns.
I. Effective Date of Agreement. The effective date of the Infill Agreement shall be
the date that the mayor of the City of Paducah executes the Infill is Agreement.
CITY OF PADUCAH, KENTUCKY
By
William Paxton, Mayor
10
Higdon Development, Inc.
By_
Title
GREENWAY VILLAGE, LLC
By
Title
STATE OF KENTUCKY )
COUNTY OF McCRACKEN )
The foregoing instrument was acknowledged before me this
, 20 , by William Paxton, Mayor, City of Paducah.
My commission expires
Notary Public, State at Large
STATE OF KENTUCKY )
COUNTY OF McCRACKEN )
The foregoing instrument was acknowledged before me this
, 20 , by
(title) on behalf of Higdon Development Inc.
My commission expires
Notary Public, State at Large
STATE OF KENTUCKY
The foregoing instrument was acknowledged before me this
20_, by ,
Greenway Village, LLC.
My commission expires
11
day of
day of
day of ,
_(title) on behalf of
Notary Public, State at Large
I�:� 810.318
See attachment.
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