HomeMy WebLinkAboutMO #3189MUNICIPAL ORDER NO. 3189
A MUNICIPAL ORDER AUTHORIZING THE FINANCE DIRECTOR TO MAKE
PAYMENT TO THE PADUCAH-McCRACKEN COUNTY RIVERPORT AUTHORITY IN
THE AMOUNT OF $145,312.24
WHEREAS, THE Paducah -McCracken County Riverport Authority is requesting
that the City of Paducah participate in the payoff of existing equipment loans used to finance
major capital equipment and improvements at the Riverfront; and
WHEREAS, the total payoff amount for the outstanding equipment loans is
$290,628.47, reflecting remaining principal, accrued interest and applicable fees as of
January 30, 2026; and
WHEREAS, the Riverport Authority has requested that the City of Paducah and
the McCracken County Fiscal Court, share in this cost, resulting in a City contribution in the
amount of $145,314.24.
KENTUCKY:
NOW, THEREFORE, BE IT ORDERED BY THE CITY OF PADUCAH,
SECTION 1. The City of Paducah authorizes the Finance Director to make
payment to the Paducah -McCracken County Riverport Authority in the amount of $145,312.24.
SECTION 2. This expense shall be paid from Account Number EDO117-000-
70000-7003.
SECTION 3. This Order shall be in full force and effect om and after the date
of its adoption. rzk a
George Bray, Mayor
ATTEST:
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� Lindsay Parish, ' ity Clerk
Adopted by the Board of Commissioners, January 27, 2026
Recorded by Lindsay Parish, City Clerk, January 27, 2026
MO\Payment to Riverport Authority — Equipment Loan Payoff