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ORDINANCE NO. 91-7-4645
AN ORDINANCE AUTHORIZING THE SALE OF SURPLUS REAL
PROPERTY FOR THE BENEFIT OF PADUCAH WATER WORKS
WHEREAS, a Resolution of the Commissioners of
\ Water Works of the City of Paducah dated July 3, 1991,
declared property located on Noble Road, McCracken County,
Kentucky, no longer suitable or necessary to the operation
of the Water Works; and
WHEREAS, said Resolution of the Commissioners of
Water Works dated July 3, 1991, recommended the City of
Paducah accept the offer of GPEDC, Inc. for a lease with
option to purchase said surplus property on Noble Road for
the sum of Two Hundred Thousand ($200,000.00) Dollars; and
WHEREAS, the Commissioners of Water Works have
declared the proceeds from the sale of this property are
needed to continue the efficient operation of the Water
Works, and that it would be in the best public interest to
accept said offer; and
WHEREAS, said property is presently owned by the
City of Paducah, Kentucky, on behalf of Paducah Water Works.
.BE IT ORDAINED BY THE CITY OF PADUCAH, KENTUCKY:
SECTION 1. The City of Paducah hereby accepts the
offer of GPEDC, Inc. to lease with option to purchase for
the sum of $200,000.00 Dollars the real property, more
P Y.
particularly described by plat attached hereto and incor-
porated herein as if set out in full.
SECTION 2. The City of Paducah hereby authorizes
and directs the Mayor to execute and the Corporation Counsel
to approve all deeds and any other documents necessary to
accomplish the purposes of this ordinance, and further
authorizes the proceeds of this sale to be deposited in the
General Fund Account of Paducah Water Works.
SECTION 3. This ordinance shall be read on two
separate days and will become effective upon publication of
title and a certifie4 summary thereo .
GER B. ING2R
Mayor
Introduced by the Board of Commissioners July 9, 1991
Adopted by the Board of Commissioners July 23, 1991
Recorded by Lenita Smith, City Clerk, July 23, 1991
Published by The Paducah Sun July 29, 1991
ord/pww
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