HomeMy WebLinkAboutMO #3234A MUNICIPAL ORDER APPROVING A DEVELOPMENT AGREEMENT (PHASE 1) WITH
HAMILTON PLACE PROPERTIES, LLC RELATED TO THE MEHARRY MEDICAL
COLLEGE DEVELOPMENT AT 1034 WALTER JETTON BOULEVARD AND
AUTHORIZING THE MAYOR TO EXECUTE ALL DOCUMENTS RELATED THERETO
WHEREAS, Hamilton Place Properties, LLC ("Developer") owns or controls
certain real property located in the City of Paducah, Kentucky, including property associated
with the address 1034 Walter Jetton Boulevard (the "Development Site"); and
WHEREAS, Developer has entered into a lease arrangement with Meharry
Medical College, dated February 4, 2026, for the development of a medical office facility on the
Development Site to provide services related to dental, oral wellness, and general healthcare; and
WHEREAS, the proposed development is part of a larger multi -phase project,
with Phase 1 consisting of approximately 3,100 square feet of medical office space to be
occupied by Meharry Medical College; and
WHEREAS, the City of Paducah desires to support the phased development of
the project due to its anticipated public benefits, including expanded access to healthcare
services, job creation, economic development, and investment in the Southside neighborhood;
and
WHEREAS, the City and Developer have negotiated a Development Agreement
setting forth the terms and conditions under which the City will provide certain incentives and
support for Phase 1 of the project; and
WHEREAS, the City Commission finds that approval of the Development
Agreement is in the best interests of the City and consistent with its economic development and
revitalization goals.
KENTUCKY:
NOW THEREFORE, BE IT ORDERED BY THE CITY OF PADUCAH,
SECTION 1. That the Board of Commissioners hereby approves a Development
Agreement (Phase 1) with Hamilton Place Properties, LLC, in substantially the form attached
hereto as Exhibit A, for the development of property located at 1034 Walter Jetton Boulevard for
use by Meharry Medical College as a medical office facility providing dental, oral wellness, and
general healthcare services.
SECTION 2. That the Mayor is hereby authorized to execute the Development
Agreement approved in Section 1, together with any and all related agreements, instruments, and
documents necessary to carry out the terms of the Development Agreement, with such changes
therein as are not inconsistent with this Municipal Order and are not materially adverse to the
City, as may be approved by the Mayor. Execution of such documents shall constitute conclusive
evidence of such approval.
of its adoption.
SECTION 3. This Order shall be in full force and effect from and after the date
ATTEST: A
Lindsay Parish, Ci V Clerk
Adopted by the Board of Commissioners, April 28, 2026
Recorded by Lindsay Parish, City Clerk, April 28, 2026
\mo\Development Agreement — 1034 Walter Jetton Blvd.