HomeMy WebLinkAboutOrdinances Book 17, Page 939, Ordinance Number 72-2-614939
ORDINANCE NO. 72-2-614
AN ORDINANCE AUTHORIZING THE MAYOR AND CITY CLERK TO EXECUTE
A CONTRACT WITH THE URBAN RENEWAL AND COMMUNITY DEVELOPMENT AGENCY
OF PADUCAH, KENTUCKY, FOR THE PURCHASE OF DISPOSAL PARCEL NO. 1,
BLOCK NO. 3, IN THE DOWNTOWN CIVIC CENTER PROJECT NO. KY -R-30
BE IT ORDAINED BY THE BOARD OF COMMISSIONERS OF THE CITY OF
PADUCAH, KENTUCKY:
SECTION I. That the Mayor and City Clerk be, and they are hereby,
authorized to execute a "Contract for Sale of Land in Downtown Civic
Center Project, KY -R-30," a copy of which has been received and filed
with the Minutes of the meeting of February 22, 1972, said contract
being for the purchase of Disposal Parcel No. 1, Block No. 3 in the
Downtown Civic Center Project Area, Project No. KY -R-30, being
approximately one-half block of real property lying on the south side
of Kentucky Avenue and running between South 5th Street and South 6th
Street, and which is more particularly described in said Contract.
SECTION 2. Upon the execution of said Contract, the City Treasurer
is authorized to pay the sum of $70,000.00, representing the unpaid
portion of the agreed purchase price of $87,500.00, said sum to be
paid from the proceeds of the revenue bond sale which was held in part
for the purchase of the property.
SECTION 3. An emergency is declared to exist, and this ordinance
shall therefore be introduced and remain on file for at least one 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 immediately thereafter.
' 7)/
_. / i ; am -
/i Q .�/.c
Mayor
Introduced by the Board of Commissioners February 22, 1972
Passed by the Board of Commissioners February 29, 1972
Recorded by Sarah Thurman, City Clerk, February 29, 1972.