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HomeMy WebLinkAbout98-8-5922646 ORDINANCE NO. 98-8- 4"9g -2A AN ORDINANCE AUTHORIZING AND DIRECTING THE MAYOR TO ENTER INTO A LEASE AGREEMENT BETWEEN MARTHA'S VINEYARD AND THE CITY OF PADUCAH, KENTUCKY, FOR RENTAL OF PROPERTY LOCATED AT 1100 NORTH 12TH STREET BE IT ORDAINED BY THE CITY OF PADUCAH, KENTUCKY: SECTION 1. That the Mayor is hereby authorized and directed to execute a Lease Agreement for the sum of $1.00 per year between Martha's Vineyard and the City of Paducah for the rental of property located at 1100 North 12th Street. The term of this lease shall be for five years with an option to renew for five additional five year terms. SECTION 2. This ordinance shall be read on two separate days and will become effective upon summary publication pursuant to KRS Chapter 424. 4UK'LC Mayor P Tem ATTEST: enita Smith, Cit Clerk Introduced by the Board of Commissioners July 28, 1998 Adopted by the Board of Commissioners August 11, 1998 Recorded by Lenita Smith, City Clerk, August 11, 1998 Published by The Paducah Sun, `lug ! 9', /99 SP \winword\ordinanc\plan\lease 1 0