HomeMy WebLinkAbout2025-03-8837ORDINANCE NO. 2025-03-8837
AN ORDINANCE OF THE CITY OF PADUCAH, KENTUCKY, APPROVING
A MEMORANDUM OF UNDERSTANDING BY AND AMONG THE CITY
OF PADUCAH, KENTUCKY, AND TRAILS END DEVELOPMENT, LLC.,
WITH RESPECT TO THE RESIDENTIAL DEVELOPMENT OF VACANT
PROPERTY WITHIN THE CORPORATE BOUNDARIES OF THE CITY OF
PADUCAH; AND AUTHORIZING THE EXECUTION OF VARIOUS
DOCUMENTS RELATED TO SUCH MEMORANDUM OF
UNDERSTANDING.
WHEREAS, the City of Paducah is charged with the responsibility of overseeing the
proper and orderly development of vacant properties located within its corporate boundaries and
of ensuring the integrity and quality of its existing residential neighborhoods; and
WHEREAS, the City of Paducah's economic well-being is related to and in many
respects is dependent upon, sustained growth of its population and tax revenue base through
development of vacant properties; and
WHEREAS, Trails End Development LLC., a Kentucky corporation (the "Developer"),
is the present owner of a certain tract of vacant real estate located within the corporate
boundaries of the City of Paducah upon which Developer proposes to construct a two-family
residential development, which real estate is described in "Final Plat of Subdivision for Trails
End Subdivision, 125 Ridgeview Street, Paducah, Kentucky," dated August 11, 2023, by
Stephen Chino, a Kentucky P.L.S. No.3861, is attached hereto, and
WHEREAS, the Residential Development will encourage the development of orphaned
or underutilized land located in the mature portions of Paducah where infrastructure and services
are in place; and
WHEREAS, the Residential Development will encourage infill development that may
have been underutilized or blighted, helping to catalyze revitalization and
WHEREAS, the Residential Development will promote the health of the existing public
school system by increased residential development within the existing City of Paducah School
System and
WHEREAS, the Residential Development will help maintain growth through infill
development, which encourages a healthy economy and
WHEREAS, the Residential Development Agreement will encourage infill residential
development, which will increase the population base of the City of Paducah, therefore
increasing the possibilities of becoming a designated urbanized area and
WHEREAS, to ensure that the Residential Development will have a positive impact on
the entire community and to encourage the public purpose of infill residential development, it is
necessary and desirable that the City now authorize the Memorandum of Understanding by and
among the City and the Developer.
NOW THEREFORE, BE IT ORDAINED BY TIIE CITY COMMISSION OF THE
CITY OF PADUCAH, KENTUCKY, AS FOLLOWS:
Section 1. Recitals and Authorization. The City hereby approves the Memorandum of
Understanding among the City and the Developer (the "MOU") in substantially the form
attached hereto as Memorandum of Understanding and made part hereof. It is further
determined that it is necessary, desirable and in the best interests of the City to enter into the
MOU for the purposes therein specified. The Mayor of the City is hereby authorized to execute
the MOU, together with such other agreements, instruments, or certifications which may be
necessary to accomplish the transaction contemplated by the MOU.
Section 2. Severability. If any section, paragraph, or provision of this Ordinance shall be
held to be invalid or unenforceable for any reason, the invalidity or unenforceability of such
section, paragraph, or provision shall not affect any of the remaining provisions of this
Ordinance.
Section 3. Compliance With Open Meetings Laws. The City Commission hereby finds
and determines that all formal actions relative to the adoption of this Ordinance were taken in an
open meeting of this City Commission and that all deliberations of this City Commission and of
its committees, if any, which resulted in formal action, were in meetings open to the public, in
full compliance with applicable legal requirements.
Section 4. Conflicts. All ordinances, resolutions, orders or parts thereof in conflict with
the provisions of this Ordinance are, to the extent of such conflict, hereby repealed and the
provisions of this Ordinance shall prevail and be given effect.
Section 5. Effective Date. This Ordinance sh read on two separate days and will
become effective upon summary publication
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GEO GE BRAY, MAY
ATTE T:
indsay ParishQYty Clerk
Introduced by the Board of Commissioners, February 11, 2025
Adopted by the Board of Commissioners, March 4, 2025
Recrded by Lindsay Parish, City Clerk, March 4, 2025
Published by the Paducah Sun, March 7, 2025
\ord\plan\Residential Infill Agreement — Trails End Subdivision