HomeMy WebLinkAbout96-11-560013
ORDINANCE NO. 96-11- 6-4,66
AN ORDINANCE AUTHORIZING THE MAYOR TO EXECUTE A
RENEWAL LEASE AGREEMENT BETWEEN THE CITY OF PADUCAH AND JAMES
MARINE, INC.
WHEREAS, on October 31, 1986, the City and James
Marine, Inc. entered into a lease agreement wherein the City
leased and let unto James Marine certain real property located
in the City of Paducah, Kentucky, which real property is
adjacent to property owned by James Marine, Inc. at 1810 South
4th Street; and
WHEREAS, the term of said lease agreement was for a
period of five years with an option to renew for an additional
period of five years; and
WHEREAS, the parties do now desire to enter into a
renewal lease agreement.
BE IT ORDAINED BY THE CITY OF PADUCAH, KENTUCKY:
SECTION 1. That the Mayor is hereby authorized to
enter into a Renewal Lease Agreement between the City of
Paducah and James Marine, Inc. for lease to James Marine a
parcel of real property located in the City of Paducah lying
north (river side) of a line 25 feet north (river side) of the
City of Paducah Floodwall, extending to the Tennessee River,
east of Island Creek and west of property owned by James
Marine, Inc., adjacent to 1810 South 4th Street.
SECTION 2. This ordinance shall be read on two
separate days and will become effective upon summary
publication pursuant to KRS Chapter 424.
/n� W
ATTEST:
-901
City Clerk
Introduced by the Board of Commissioners November 12, 1996
Adopted by the Board of Commissioners November 26, 1996
Recorded by Lenita Smith, City Clerk, November 26, 1996
Published by The Paducah Sun . 4, /Q9�
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