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HomeMy WebLinkAboutMO # 1240543 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: J21MOM4 XY&M/(- 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)