HomeMy WebLinkAboutOrdinances Book 9, Page 509, No Ordinance NumberPage 509
AN ORDINANCE AUTHORIZING AND FMPO1'7RING TRF MAYOR OF THE CITY
OF PADUCAH, KENTUCKY TO EXECUTE A DEED TO SAID PROPFRTIFS BF.T'.'?FFN 30TH
STREFT AND LaBELT.E AVFNUF., ANDBFTWEEN BROADWAY AND JFFFRRSON STRFFTS
TOGFTHFR !;TITH THE PADUCAH & ILLINOIS RAILROAD COMPANY AND KNOWN AS A DEED
OF EXCHANGE OF REAL ESTATE, AND FOR THE PAY14EN`[' OP A BrLPNCE OF T710
HUNDRED FOUR & 5OA00 ($204.50) DOLTARS TO SAID PADUCAH & ILLINOIS
RAILROAD COMPANY ON ACCOUNT OF SEWER IMPROVEMENTS, AND PROVIDING TEAT
SAID PADUCAH & ILL•INOIS R.A.ILROFD COMPANY SHP.LL RECEIVE A TRANSFER OF BID
AND PAY PURCRA.SE BOND FOR SAID PROPERTY IN CONNECTION THEREWITH.
BE IT ORT r INED BY TITS BOARD OF CO?,U,1ISfIONERS OF THE
CITY OF PADUCAH., KRTITUCKYP
SECTION 1.
That the Mayor be and he is hereby authorized and empowered to
sign and acknowledge a deed to be knol:-'n as Deed of Exchange of Real
Estate between the Paducah & Illinois Railroad Company and the City of
Paducah, and known and described as certain boundaries in connection
with the changing and opening of certain streets between Jefferson and
Broadway Streets and 30th Street and LaBelle Avenue. Said deed being
a joint deed will become effective only when it has been signed and
acknowledged by the Mayor of the City of Paducah and by the proper
officials of the Paducah & Illinois Railroad Company and a copy of same
delivered to the City of Paducah and the Paducah r. Illinois Railroad
Company haspa,id the considerations specified in said deed, and the City
of Paducah has paid the considerations specified in said deed, and by
said deed the City of Paducah is to receive a strip of ground on the
east side of the railrond erpbankment and 31st Street between Broadway and
Jefferson Streets, 40 feet in width and extending the full distance from
Broadway Street to Jefferson Street and fronting apnroximately 41.66
feet on Broadway, and fronting apnroximately 41.82 feet on Jefferson
Street; and the Paducah & Illinois Railroad Company is to receive parcel
No.2, being a triangular strip of ground fronting apnroximately 60 feet
on Broadway on the west side of said railroad embankment and in what was
formerly a part of 31st Street, and parcel No.3 being a triangular
strip of ground on the east side of LaBelle Avenue between Jefferson
and Broadway Streets, and parcel No.5 being a strip of ground lying
between LaBelle Avenue and parcel No.2 aforesaid, and being the closed
part of Broadway Street on the north side thereof, and parcel No.6 bei
the closed part of Broadway street immediately abutting and between
parcel Nol 1 and parcel No.2 aforesaid. Also parcel No.7 being that'
part of 31st Street as originally platted by the '"lest End Improvement
Company and now occupied by the embankment or fill of the Paducah
& Illinois Railroad Bomnany between Jefferson Street and Broadway Stre
Page 510
SECTION 2.
Upon the adoption of this ordinance and the execution of
said deeds aforesaid, the Commissioner of Public Finance is hereby
authorized and directed to pay to the Paducah & Illinois Railroad
Company the sum of Two Hundred Four & 50/100 ($204.50) Dollars,
being the difference in the amount of sewer improvement taxes that
it has paid upon said parcel 110.1 aforesaid and the amount of sewer
improvement tax paid by the City of Paducah on parcel No.2 aforesaid
as•'described in said deed of conveyance to be executed as aforesaid,
and as shown on the plat of said properties attached to said deeds.
SECTION 3.
This ordinance shall take effect and be in force from and
after its adoption.
Signed
ayor
Passed by the Board of Commissioners February 24, 1930
Recorded by Hunt Crossland, Clerk, February 25, 1930