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ORDINANCE 2002-5-6505
AN AUTHORIZING THE FINANCE DIRECTOR TO
REIMBURSE WAREHOUSE, INC., $19,956.49
BE IT ORDAINED BY THE CITY OF PADUCAH, KENTUCKY:
Section 1. The City Finance Director is hereby authorized to pay Warehouse, Inc.,
the sum of $19,956.49. This amount represents a portion of the sum of $63,300.00 which was paid
by Warehouse, Inc., to the City for the acquisition of the East Mall Road right of way. The sum of
$19,956.49 is comprised of an amount of $18,837.90, which was expended by the City from such
funding for construction enhancements as requested by The Cafaro Company, plus the sum of
$1,111.59, which represents the accrued interest on the sum of $63,300.00 paid by Warehouse,
Inc., to the City. This amount is being reimbursed by the City to Warehouse, Inc., for reason that
the expenditure of $18,837.90, plus the accrued interest, was not utilized for the acquisition of the
subject right of way. However, this reimbursement shall not in any manner be deemed a release or
discharge of any remaining liability of Warehouse, Inc., to the City under any agreement executed
by and between the City and Warehouse, Inc., as relates to such right of way, and the acquisition of
same, all of which liability shall remain in full force and effect.
Section 2. This ordinance shall be read on two separate days and will become
effective upon summary publication
ATTEST:
CITY CLERK
Introduced by the Board of Commissioners April 9, 2002
Adopted by the Board of Commissioners May 7, 2002
Recorded by Tammara S. Brock, Asst. City Clerk, May 7, 2002
Published by The Paducah Sun, May 14, 2002
ORD\29785
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