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Home My WebLink AboutOrdinances Book 11, Page 110, No Resolution Number110 A RESOLUTION EXEMPTING FROM MUNICIPAL TAY,ATION FOR A PERIOD OF FIVE (5) YEARS 7FIE MANUFACTURING BUSINESS AND PROPERTIES OF THE MODINE YANUFAC TURING COIs;PANY LOCATED AT 31ST AND JACKSON STREETS I1 THE CITY OF PADUCAH, I{ENTUCIY. WHEREAS, the iodine Manufacturing Company has submitted its application for exemption from municipal taxation on its business and manufacturing properties located at 31st and Jackson Streets ir. the City of Paducah; and WHEREAS, it appearing from said application that the real estate at that address is owned by said Company which will manu- facture principally truck, tractor and passenger car radiators; and WHEREAS, it further appearin.m from said application that the plant of the Kodine Manufacturing Company is a new and bona fide manufacturing establishment, and under the statutes of the Commonwe alth of Kentucky and the ordinances of the City of Paducah, said applicant is entitled to exemption from municipal taxation for a period of five (5) years as an inducement to the operation of said manufacturing plant in the City of Paducah; I707 THEREFORE, BE IT RESOLVED BY T1E BOARD OF COI,2.iJsSJOKERS OF 7HE CITY OF PADUCAH, K;NTUCKY: SECTION 1. That the business of the Modine Manufacturing Company, locate at 31tit amd Jackson ,Streets in the City of Paducah, -Kentucky, all real estate now owned by said company at that location, and all manufacturing properties used in connection with the manufacturing of truck, tractor and passenger car radiators, as well as other heating equipment, be exempt from the payment to the City of Paduca of all license taxes and ad valorem taxes, with the exception of th taxes due and payable for school purposes, for a period of five (5) years, the exemption from license taxes to begin on July 1st, 1947, and the exemption from ad valorem taxes to begin with the assess- ments which would become due in the year 1948. SECTIOII 2. This resolution shall be in full force and effect from and ifter its adoptchon. Fassed by the Board of Commissioners June 17, 1947 Recorded by Sarah Thurman, City Clerk, June 17, 1947. d r.