HomeMy WebLinkAboutMO # 1677MUNICIPAL ORDER NO. 1677
A MUNICIPAL ORDER AUTHORIZING THE MAYOR TO EXECUTE
A LEASE AGREEMENT WITH LAMAR COMPANIES FOR LEASE OF A PORTION
OF PROPERTY LOCATED AT END OF FOURTH STREET & ISLAND CREEK
OR/WAYNE SULLIVAN DRIVE @ 4TH STREET FOR AN EXISTING BILLBOARD
BE IT ORDERED BY THE CITY OF PADUCAH, KENTUCKY:
SECTION 1. That the City of Paducah hereby authorizes the Mayor to
execute a Lease Agreement with Lamar Companies at an annual rental of $1,000 for a
portion of property located at the end of Fourth Street & Island Creek or/Wayne Sullivan
Drive @ 4th Street for an existing billboard, said agreement is attached hereto and made a
part hereof, as if fully set out herein.
SECTION 2. The term of the aforesaid lease authorized in Section 1
above shall be for a period of ten (10) years commencing on August 1, 2012. Lamar
Companies may renew this lease on a year to year basis. Said renewal term shall
automatically go into effect unless the City or Lamar gives written notice of non -renewal
at least sixty (60) days prior to the expiration of the original term.
SECTION 3. This Order shall be in full force and effect from and after
the date of its adoption.
ATTEST:
jw_n
Tammara S. Sanderson, City Clerk
Adopted by the Board of Commissioners, July 10, 2012
Recorded by Tammara S. Sanderson, City Clerk, July 10, 2012
\mo\Lease w -Lamar — billboard 2012