HomeMy WebLinkAbout07-07-2020July 7, 2020
At a Called Meeting of the Board of Commissioners, held on Tuesday, July 7, 2020, at
5:00 p.m., Mayor Brandi Harless presided, and upon call of the roll by the City Clerk, the following
answered to their names: Commissioners Abraham, McElroy, Watkins, Wilson and Mayor Harless
(5).
In order to keep the Commission and public safe in the midst of the COVID-19 outbreak and in
accordance with Kentucky Executive Order 2020-243, all members of the Board of Commissioners
participated using video teleconferencing. Further, this meeting was not open to the public. The public
was invited to view the meeting on YouTube at https://www.youtube.com/user/naducahkyaov or on the
government access channel Government 11 (Comcast channel 11).
INVOCATION
Commissioner McElroy led the invocation.
PLEDGE OF ALLEGIANCE
Commissioner Abraham led the pledge.
ORDINANCE - ADOPTION
SALE OF 5400 COMMERCE DRIVE TO KSR LEGACY INVESTMENT CORPORATION
Mayor Harless offered motion, seconded by Commissioner Watkins, that the Board of Commissioners
adopt an Ordinance entitled, "AN ORDINANCE OF THE CITY OF PADUCAH, KENTUCKY,
AUTHORIZING AND APPROVING THE SALE OF PROPERTY AT 5400 COMMERCE DRIVE TO
KSR LEGACY INVESTMENT, CORP. PURSUANT TO AN OPTION TO PURCHASE, IN
CONJUNCTION WITH McCRACKEN COUNTY, KENTUCKY, WITH RESPECT TO A PUBLIC
PROJECT, AND AUTHORIZING THE EXECUTION OF LEGAL DOCUMENTS RELATED
THERETO." This ordinance is summarized as follows: Authorization for the Mayor to execute a deed
by and between the City of Paducah, Kentucky and McCracken County, Kentucky, as Grantors, and
KSR Legacy Investment Corp. (or its permitted assignee, if any), as Grantee, for the purpose of
conveying the Premises in exchange for payment of $3,600,000.00 which is the option price in an
Amendment to and Assumption of Lease Agreement dated on or about May 21, 2020, with KSR
Legacy Investment, Corp., and for the execution of any and all other documents necessary to close on
said transaction not inconsistent therewith and not substantially adverse to the City as may be approved
by the official executing the same on behalf of the City or the City Manager.
Adopted on call of the roll, yeas, Commissioners Abraham, McElroy, Watkins, Wilson and Mayor
Harless. (5) (ORD 2020-07-8642)
ADJOURN
Mayor Harless offered motion, seconded by Commissioner Wilson, to adjourn the meeting. All in
favor.
Meeting ended at approximately 5:06 p.m.
ADOPTED: July 14, 2020
Brandi Harless, Mayor
ATTEST:
indsayParishClerk