HomeMy WebLinkAboutOrdinances Book 15, Page 955, No Resolution Number955
A RESOLUTION AUTHORIZING THE MAYOR AND CITY CLERK TO EXECUTE
TO PADUCAH MARINE WAYS, INC. A LEASE TO CERTAIN SPACE BETWEEN KENTUCKY
AVENUE AND WASHINGTON STREET, THE FLOODWALL AND THE TENNESSEE RIVER
BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE CITY OF
PADUCAH, KENTUCKY:
SECTION 1. That the Mayor and City Clerk of the City of Paducah,
Kentucky, be, and they are hereby, authorized and directed to execute,
on behalf of the City a lease to Paducah Marine Ways, Inc. in words
and figures as follows:
"THIS LEASE made and entered into on this the 11th day of May,
1966, by and between CITY OF PADUCAH, KENTUCKY, a municipal corporation
of the second class, hereinafter called "Lessor", and PADUCAH MARINE
WAYS, INC., a corporation or7anized and existing under the laws of the
State of Delaware, having an office and place of business in Paducah,
Kentucky, hereinafter called "Lessee".
W I T N E S S E T H:
THAT for and in consideration of the sum of One Hundred ($100.00)
Dollars per month, and subject to the hereinafter terms and conditions,
the Lessor does hereby lease to the Lessee certain land in said City
described as follows:
Being all that portion of Lore 13, 14, 15,
16, 17 and 1$ in Block 3 of "Old Town" that
is situated between Kentucky Avenue and
Washington Street, the Tennessee RiVer and
a line running parallel with the Floodwall
and situated 25 feet on the river side of
same from its center line."
The terms of this lease shall be for a period of five (5) years
from the date hereof, and, at the option of the Lessee may be renewed
for a period of five (5) additional years.
This lease is subject to the following terms and conditions:
(a) The leased premises shall not be underlet, or the term, in whole
or in part, assip•ned, transferred or set over by the act of the Lessee
without being approved by official action of the Board of Commissioners
of said City.
(b) The Lessor at all times shall have the right to go on said
premises at any time for the purpose of checking, repairing or any
other action needed in connection with a sewer line running across the
same.
956
(c) It is the intention of the Lessor that the Lessee shall have
full and complete and peaceable possession of the premises for the term
set out herein, however, should this lease be cancelled and Held for
naught by operation of law, the Lessor shall not be liable to the Lessee
for any damages by reason of such termination.
The execution of this lease by the Lessor is authorized by a
Resolution adopted by the Board of Commissioners of the City of Paducah,
Kentucky on the 10th day of May, 1966.
WITNESS the hands of the Lessor and Lessee on this the day and
year first above written.
ATTEST
City Clerk —'
CITY OF PADUCAH, KENTUCKY
By
--—Play —or
PADUCAH MARINE WAYS, INC.
By
C. E, fanstiel
Vice President"
SECTION 2. That this Resolution shall he in full for¢:e and
effect from and after its adoption.
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Iilavor
Passed by the Board of Commissioners May 10, 1966
Recorded by Sarah Thurman, City Clerk, PSay 10, 1966.