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HomeMy WebLinkAboutOrdinances Book 16, Page 10, No Resolution Number10. A RESOLUTION AUTHORIZINr. THE MAYOR AND CITY CLERK TO EXECUTE TO TOC MARINE SERVICE, INC. A LEASE TO CERTAIN LAND BORDERING ON THE BANK OF THE TENNESSEE RIVER DE 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 TOC Marine Service, Inc. in words and figures as follows': "THIS LEASE made and entered into on this day of January, 19(.7, by and hetween the CITY OF PADUCAH, Kentucky, a municipal corporation of the second class, hereinafter called LESSOR, and TOC MARINE SERVICE, INC., a corporation duly organized and existing under the laws of the Commonwealth of Kentucky, hereinafter called LESSEE, U I T N E S S E T H "THAT for and in consideration of the payment of the rents and the performance of the covenants.contained on the part of the Lessee, said Lessor does herebv demise and let unto the Lessee certain property owned by the Lessor bordering on the tank of the Tennessee Riher for the purpose of tying and securing barges and other river vessels for the purpose of storae•e or repair and loading and unloading, said strip being more particularly described as follows: The hank of the Tennessee River on a tract of land fronting• more than 1,000 feet on said river and extending between property owned by M & M Leasing Corporation and property of Shell Oil Company and lying lust outside the floodwall at Paducah, Kentucky, at the flood control office for the City of Paducah near Fourth and Meyers Street, together with all rights extending out into Tennessee River. "This lease for a tenancy from month to month commencing on the 1st dal of January, 1967, and at a monthly rental of One Hundred Fifty Dollars (6150.00) per month, payable in advance on the 1st day of each and every month. "It is further mutually agreed between the parties as follows: (1) The Lessee shall have the right of ingress and egress over the property of the City of Paducah for access to and from the demised premises. (2) The lessee shall have the use of one metal building on property of the Lessor which huildinp• lies on the outside of the floodwall. (3) Lessee may use property of the Lessor .for parking* facilities for its employees and business invitees and guests. MI Parkinv shall be outside city floodwall except at such times when floodwaters are at an elevation which require closing the flood Rates. (4) Lessee shall not violate any city ordinance or state laws in or about said premises. (5) Lessee shall not sublet the demised premises or any part thereof or assir-n this agreement without the Lessor's written consent. (b) Any failure by Lessee to pay rent or other charges promptly when due or to comply with anv other term or condition hereof shall, at the option of the Lessor, forthwith terminate this tenancy. (7) Lessee shall keep and maintain the premises in clean and sanitary condition at all times and on the termination of the tenancy shall render the premises to the Lessor in as Rood condition as when received, ordinary wear and tear and damage by the elements or act of God excepted. (8) Lessee hereby agrees to provide and keep in full force and effect public liability insurance issued by some good and sol- -ent company licensed to do business in the City of Paducah, Kentucky to protect the City from all claims of persons for personal inJury or death, and for damage of property in the following amounts: '100,000 for personal injury or death to any one person; ti300,000 for personal injury or death to more than one person resulting from the same accident; 50,000 for damage to property in any one accident. (9) This agreement and the tenancy hereby granted may be terminated at any time by either party hereto by giving to the other party not less than thirty (30) days prior notice in writing. IPI WITNESS WHEREOF, the parties hereto have executed this agreement in duplicate on the day and date first above written. CITY OF PADUCAH ATTEST: By Thomas W.- Vilson, I•?ayor Sarah Thurman, City Clerk TOC MARINE SERVICE, INC. By ATTEST: John B. Ritchie, Sr., President J. William Howerton, Secretary 11 12 STATE OF KENTUCKY COUNTY OF MCCRACKEN I, a notary public in and for the state and county aforesaid do hereby certify that on this day the forepoin7 instrument was produced before me by Thomas W. Kilsoji, Mayor of the City of Paducah, and signed and acknowledged by him as Mayor to he the.act and deed of the City of Paducah for the purposes therein contained and his signature was duly attested by Sarah Thurman, Clerk of the City of Paducah, Given under my hand and seal of office this day of January, 1967. My Commission expires: Notary Public, McCracken County, Ky. STATE OF KENTUCKY COUNTY OF McCRACKEN I, , a Notary Public in and for the state and county aforesaid do hereby certify that on this day the foregoing instrument was produced before me by John B. Ritchie, Sr. and was signed and acknowledged before me by him to be the act and deed of the corporation and was thereupon attested to by J. William Howerton, as Secretary. Given under my hand and seal of office this _ day of January, 1967. My Commission expires: Notary Public, McCracken County, Ky. THIS INSTRUMENT PREPARED BY: J. William Howerton, Attorney at Law 616 Citizens Bank Building, Paducah, Ky." SECTION 2. This resolution shall he in full .force and effect from and after its adoption. A!avor Passed r,y the Poard of Commissioners January 10, 1967 Recorded by Sarah Thurman, City Clerk, January 10, 1967.