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HomeMy WebLinkAbout87-8-3056163 ORDINANCE NO. 87-8-3056 AN ORDINANCE EXEMPTING H. B. FULLER COMPANY FROM THE PAYMENT OF CERTAIN CITY TAXES FOR A PERIOD OF FIVE YEARS WHEREAS, it is provided by Section 92.300(1) that the legislative body of any city of the second to sixth class may, by ordinance, exempt manufacturing establishments fromcity taxation for a period not exceeding five years as an inducement to their location in the city; and WHEREAS, H. B. Fuller Company has requested such exemption for the purpose of establishing a manufacturing.establishment in the City of Paducah, Kentucky; and WHEREAS, the Board of Commissioners of the City of Paducah, Kentucky, finds"that the granting of such an exemption will induce H. B. FULLER to locate a new manufacturing establishment in the City of Paducah, and that the benefits to said City and its citizens of the location of such new manufacturing establishment in said City will greatly exceed any benefits derived from such taxes if such an exemption were not granted; and WHEREAS, the Board of Commissioners of the City of Paducah, Kentucky, desires to grant such exemption as an inducement for said manufacturing establishment to be located in the city. BE IT ORDAINED BY THE CITY OF PADUCAH, KENTUCKY: SECTION 1. That the real estate to be purchased by H. B. Fuller Company for a manufacturing site, together with all of its associated manufacturing equipment subject to city taxation, be exempted from such city ad valorem taxation as provided for by Section 92.300(1) for a period of five years, beginning with the first half (payable in the fall, 1988) of the taxes assessed as of January 1, 1988, for the fiscal year 1988-89, as an inducement for said is as follows: Sixty-one.(61) acres, more or less, located on the Coleman Road and contained within the Coleman Road Industrial.Site, and as to be conveyed from Genex Corporation to H. B. Fuller Company. establishment to be located within the corporation limits of the City of Paducah, Kentucky. A brief description of the aforesaid real estate is as follows: Sixty-one.(61) acres, more or less, located on the Coleman Road and contained within the Coleman Road Industrial.Site, and as to be conveyed from Genex Corporation to H. B. Fuller Company. 164 SECTION 2. In addition to the.tax..relief granted to H. B. Fuller Company in Section 1 above, the City of Paducah extends the following tax incentives to H. B. Fuller Company .and its employees: A. A fifty percent (50%) reduction in the refuse collection fees as set forth in Section 27-49 of the Code Ordinances, for a .period. .of five (5) years, starting January 1, 1988. B. A five (5) year moratorium on business license fee, starting January 1, L988, on any licenses required by Chapter 17 of the Code of Ordinances of the City of Paducah. C. For a period of five (5) years, starting September 1, 1987, no building or electrical plan review and/or building or electrical permit fees shall be charged to H. B. Fuller Company. This provision does not waive the necessity of .obtaining all necessary permits.and licenses and meeting all requirements of the applicable Building and Electrical Codes. D. License fee on employees under Section 17-127, etc., of the Code of Ordinances of the City of Paducah, shall be reduced by fifty percent (50%) for a period of two (2) years, starting January 1, 1988. SECTION 3. If at any time said H. B. Fuller Company should cease operating said manufacturing establishment, except periods of non -manufacturing activities caused by accidents, mishaps, breakdowns, strikes or other unavoidable occurrences or casualties, the exemption granted herein shall be immediately cancelled and held for naught. SECTION 4. If any provision of this ordinance is found by a court of competent jurisdiction to be invalid or unconstitutional, or if the application of this ordinance to any person or circumstance is found to be invalid or unconstitutional, such invalidity or unconstitu- tionality shall not affect the other provisions or applications of this ordinance, which can be given effect without the invalid or unconstitu- tional provision or application. SECTION 5. This ordinance shall be read on two separate days and will be effective upon publication of title and a certified summary thereof. ORD7 JOE VITERISI _. Mayor Introduced by the Board_ of_Commissioners July 28, 1987 Adopted by the Board of.Commissioners August 11, 1987 Recorded by Lenita Smith, City Clerk, August 11, 1987 Published by The Paducah Sun August 17, 1987.