HomeMy WebLinkAbout2004-11-6891ORDINANCE NO. 2004-11-6891
AN ORDINANCE AUTHORIZING THE FINANCE DIRECTOR TO MAKE
PAYMENT TO THE KENTUCKY ECONOMIC DEVELOPMENT FINANCE AUTHORITY
1 FOR RELEASE OF PROPERTY LIEN IN INFORMATION AGE PARK
BE IT ORDAINED BY THE CITY OF PADUCAH, KENTUCKY:
SECTION 1. That the Finance Director of the City of Paducah is hereby
authorized to make payment in the amount of $225,000 to Kentucky Economic Development
Finance Authority the amount of $225,000, for release of liens for Tracts 25, 27 and 29 in
Information Age Park in Paducah/McCracken County, Kentucky.
SECTION 2. This expenditure shall be charged to project ED0033.
SECTION 3. Pursuant to KRS 83A.060, the City Commission suspends the
requirement of a second reading and publication of this Ordinance. Therefore, the City Commission
does hereby declare an emergency to exist because of an impending deadline for the execution of an
agreement with an economic development prospect, American Justice School of Law.
SECTION 4. This Ordinance shall become effective upon the first reading of this
Ordinance.
ATTEST:
AL1 / /�O mmit
Brock,Tammara S. _
Introduced and adopted by the Board of Commissioners, November 23, 2004
Recorded by Tammara S. Brock, City Clerk, November 23, 2004
Published by The Paducah Sun, November 29, 2004
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