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HomeMy WebLinkAboutOrdinances Book 16, Page 324, No Ordinance Number324 AN ORDINANCE AUTHORIZING THE MAYOR AND CITY CLERK TO EXECUTE A LEASE WITH THE URBAN RENEWAL AND COMMUNITY DEVELOPMENT AGENCY OF PADUCAH, KENTUCKY, PROVIDING FOR THE LEASE OF CERTAIN LAND LOCATED IN THE DOWNTOWN CIVIC CENTER PROJECT KY -R-30, AND KNOWN AS PART OF PARCEL 1, BLOCK 1, FOR THE PURPOSE OF DEVELOPING AND OPERATING A MUNICIPAL PARKING LOT, AND AUTHORIZING PAYMENT OF THE RENTAL BE IT ORDAINED BY THE BOARD OF COMMISSIONERS OF THE CITY OF PADUCAH, KENTUCKY: SECTION 1. That the Mayor and City Clerk be authorized to execute a lease with Urban Renewal and Community Development Agency of Paducah, Kentucky, for the lease of certain land located in the Downtown civic Center Urban Renewal Area, Project KY -R-30, known as part of Parcel 1, Block 1, in words and figures as follows: "L E A S E "THIS LEASE made and entered into as of the day of 1967, by and between the URBAN RENEWAL AND COMMUNITY DEVELOPMENT AGENCY OF PADUCAH, KENTUCKY, A public body and body corporate and Politic, created under the provisions of the Kentucky Revised Statutes, Chapter 99, herein after called the "Agency", and the CITY OF PADUCAH, KENTUCKY, a municipal corporation of the Second Class hereinafter referred to as "City", WITNESSETH• "WHEREAS, pursuant to a duly adopted and approved Urban Renewal Plan on file in the office of the Agency and in the office of the City Clerk of the City of Paducah, Kentucky, the Agency has undertaken a project known as the Downtown Civic Center, Urban Renewal Project, KY -R-30, and "WHEREAS, in connection with such undertakings the City and the Agency have entered into a contract for sale of certain land in said project by the Agency to the City known as Parcel 1, Block 1, as shown in the aforesaid Urban Renewal Plan as authorized and approved, and "WHEREAS, in advance of delivery of title to the said property by the Agency the City desires to lease a portion thereof, "NOW THEREFORE, for and in consideration of the mutual terms, covenants and provisions and other good and valuable considerations 325 hereinafter set forth, the Agency being authorized to do so, hereby rents, leases, and sets over possession to the City and said City hereby rents, and takes from the Agency the following described property: Being one-half of parcel 1, block 1, of the Downtown Civic Center, Project KY -R-30, Urban Renewal Disposal plat and beginning at the southwest intersection of Kentucky Avenue and South 3rd Street; thence in a southerly direction along the west property line of South 3rd Street 173.25 feet; thence at a right angle and in a westerly direction 173.25 feet to a point; thence at a right angle and in a Northerly direction 173.25 feet to the South property line of Kentucky Avenue; thence at a right angle and in an Easterly direction and along said South property line of Kentucky Avenue 173.25 feet to the point of beginning. Being a part of the same property conveyed to the Agency by the City of Paducah, Kentucky by deed dated April 12, 1966 and recorded in Deed Book 476, page 488 in the McCracken County Court Clerk's office. Also being the same property - conveyed to the Agency by F. T. Goode et ux by deed dated April 26, 1966 and recorded in Deed Book 476, page 639 in the aforesaid Clerk's office. Also being the same property conveyed to the Agency by Gus T. Smith, et ux by deed dated April 25, 1966, and recorded in Deed Book 478, page 4 in the aforesaid Clerk's office. "SECTION 1. The term pf this lease shall be for one (1) year commencing August 7, 1967 and terminating August 7, 1968, however, either party may terminate this lease during the term hereof by giving the other thirty (30) days written notice of its intention to do so. "SECTION 2. The rental of such term shall be at the rate of One Hundred, Sixty Four Dollars and Six Cents ($164.06) per month payable by the City to the Agency at the expiration of each month thereof. "SECTION 3. The City will hold the Agency harmless and indemnify it from any and all claims, damages, action, causes of action, costs or losses, including all the costs of defense thereof, which may arise directly or indirectly by reason of the City's development or use of the property or its execution of this lease. "SECTION 4. The City shall not sub -lease or in any manner alienate or assign its interest herein without the written consent of the Agency. "SECTION 5. The City shall not discriminate upon the basis of race, color creed, or national origin, in the use or occupancy of the property 326 or any improvements erected or to be erected thereon, or any part thereof. IN TESTIMONY WHEREOF, witness the hands of the parties through their duly authorized representatives as of the day and date first above written. CITY OF PADUCAH, KENTUCKY By: ATTEST: Mayor City Clerk URBAN RENEWAL AND COMMUNITY DEVELOPMENT AGENCY OF PADUCAH, KENTUCKY By Chairman ATTEST: Executive Director" SECTION 2. That upon execution of the lease by all parties the City Manager and Senior Treasurer are hereby authorized to make rental payments pursuant to the terms of the lease. SECTION 3. This ordinance shall be introduced and remain on file for at least one (1) week for public inspection in the completed form in which it shall be put upon its final passage, and if adopted shall be in full force and effect ten (10) days thereafter. Mayor Introduced by the Board of Commissioners September 13, 1967 Passed by the Board of Commissioners September 26, 1967 Recorded by Sarah Thurman, City Clerk, September 26, 1967