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HomeMy WebLinkAbout94-7-5167567 ORDINANCE NO. 94-7-5167 AN ORDINANCE ORDERING AN ELECTION BY THE QUALIFIED VOTERS OF THE CITY OF PADUCAH, KENTUCKY, TO BE HELD ON THE REGULAR ELECTION DAY, NOVEMBER 8, 1994, IN THE CITY OF PADUCAH, KENTUCKY, TO DETERMINE THE QUESTIONS WHETHER PADUCAH POWER SYSTEM SHALL ACQUIRE BY THE EXERCISE OF THE POWER OF EMINENT DOMAIN THE ELECTRIC FACILITIES OF JACKSON PURCHASE ELECTRIC COOPERATIVE CORPORATION LOCATED WITHIN THE CITY LIMITS OF PADUCAH, KENTUCKY, AND WHETHER PADUCAH POWER SYSTEM SHALL ISSUE REVENUE BONDS TO PAY FOR THE ACQUISITION WHEREAS, the Mayor and Board of Commissioners of the City of Paducah, Kentucky, declare that it is desirable that all persons, businesses and other entities within the municipal boundaries of the City of Paducah, Kentucky, purchase and receive their electric power from the City's municipal power company, the Electric Plant Board of the City of Paducah, Kentucky, d/b/a Paducah Power System; and WHEREAS, certain areas within the city limits of the City of Paducah, Kentucky, are presently being served by another electric company, the Jackson Purchase Electric Cooperative Corporation; and WHEREAS, the areas within the city limits of the City of Paducah, Kentucky, presently being served by Jackson Purchase Electric Cooperative Corporation are depicted as the shaded areas on the map of the City of Paducah, Kentucky, attached hereto and incorporated herein; and WHEREAS, the Mayor and Board of Commissioners of the City of Paducah, Kentucky, declare that it is desirable that Paducah Power System acquire by condemnation the electric plant and facilities of Jackson Purchase Electric Cooperative Corporation lying within the city limits of Paducah, Kentucky, which electric plant and facilities lie within the shaded portions of the map attached hereto; and WHEREAS, the qualified voters of the City of Paducah should be given the opportunity at the next regular November election to decide whether or not Paducah Power System shall acquire by condemnation the electric plant and facilities of Jackson Purchase Electric Cooperative Corporation lying within the municipal boundaries of the City of Paducah, Kentucky, and whether or not revenue bonds in an amount sufficient to pay the entire damages and costs of such acquisition should be issues p by Paducah Power System. "w BE IT ORDAINED BY THE CITY OF PADUCAH, KENTUCKY: SECTION 1. The Board of Commissioners of the City of Paducah hereby declares its desire that the Electric Plant Board of the City of Paducah, d/b/a Paducah Power System, acquire by condemnation the electric plant and facilities of Jackson Purchase Electric Cooperative Corporation lying within the municipal boundaries of the City of Paducah, Kentucky. SECTION 2. The property to be condemned shall be the electric plant, as defined in KRS 96.550(5), of Jackson Purchase Electric Cooperative Corporation lying within the present city limits of Paducah, Kentucky, and within those shaded areas as shown on the attached map of the City of Paducah, Kentucky, including all tangible or intangible property, franchises, easements and rights, located therein or pertaining thereto, which in the judgment of the Paducah ower System are necessary or convenient. ' SECTION 3. Pursuant to the provisions of KRS 96.550 to 96.900 there shall be submitted to the qualified voters of the City of Paducah at the next regular November election on November 8, 1994, the following question: "Are you in favor of the Paducah Power System, the Electric Plant Board of the City of Paducah, Kentucky, acquiring by the exercise of the power of eminent domain the electric plant and facilities located in all areas of the city that are not presently being served by Paducah Power System, and the issuance of revenue bonds in an amount sufficient to pay the entire damages and costs of such acquisition?" SECTION 4. The Mayor, acting by and through the City Clerk, shall certify this Ordinance to the Clerk of the McCracken County Court, who shall have printed on the official ballots for use in the regular election in the City of Paducah, Kentucky, on November 8, 1994, the following question: Are you in favor of the Paducah Power System, the Electric Plant Board of the City of Paducah, Kentucky, acquiring by the exercise of the power of eminent domain the electric plant and facilities located in all areas of the city that are not presently being served by Paducah Power System, and the issuance of revenue bonds by Paducah Power System in an amount sufficient to pay the entire damages and costs of such acquisition? Yes No SECTION 5. Pursuant to KRS 96.640, the Mayor of the City of Paducah shall advertise such election and the object thereof by publication pursuant to KRS Chapter 424 and also by printed handbills posted in not less than four (4) conspicuous places in each voting precinct in the municipality and at the courthouse door, and by such other means as she may consider desirable or necessary. All qualified voters of the City of Paducah shall have the privilege of voting at said election. SECTION 6. This ordinance shall be read on two separate days and will become effective upon summary publica- tion pursuant to KRS Chapter 424. Ma o ATTEST: • M Ci Clerk Introduced by the Board of Commissioners July 5, 1994 Adopted by the Board of Commissioners July 12, 1994 Recorded by Lenita Smith, City Clerk, July 12, 1994 Published by The Paducah Sun ord/rei:eren I hereby certify that the above is a true and correct copy of an ordinance adopted by the City of Paducah on 1994. City Clerk 569