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MUNICIPAL ORDER NO. 1240
A MUNICIPAL ORDER AUTHORIZING AND DIRECTING THE
FINANCE DIRECTOR TO MAKE PAYMENT IN AN AMOUNT NOT TO EXCEED
$46,669 TO THE GREATER PADUCAH ECONOMIC DEVELOPMENT COUNCIL
FOR EXTENSION OF OPTIONS FOR PROPERTY FOR ECONOMIC
DEVELOPMENT
BE IT ORDERED BY THE CITY OF PADUCAH, KENTUCKY:
SECTION 1. That the City of Paducah hereby authorizes and directs the
Finance Director to make payment in an amount not to exceed $46,669 to the Greater
Paducah Economic Development Council to extend options on 1,298 acres of property
located around the property owned by Riverport Authority known as Riverport West on
the Ohio River for economic development.
SECTION 2. This expenditure authorized in Section 1 above shall be
charged to the Investment Fund account.
SECTION 3. This order shall be in full force and effect from and after the
date of its adoption.
ATTEST:
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Tammara S. Brock, City Clerk
Adopted by the Board of Commissioners November 14, 2006
Recorded by Tammara S. Brock, City Clerk, November 14, 2006
\mo\payment-GPEDC ($46,669)