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HomeMy WebLinkAboutMO # 1124646 MUNICIPAL ORDER NO. 1124 A MUNICIPAL ORDER AUTHORIZING AND DIRECTING THE MAYOR TO EXECUTE A LEASE AGREEMENT BETWEEN THE YEISER ART CENTER AND THE CITY OF PADUCAH FOR LEASE OF THE NORTHERN END OF THE MARKET HOUSE BUILDING BE IT ORDERED BY THE CITY OF PADUCAH, KENTUCKY: SECTION 1. That the Mayor is hereby authorized and directed to execute a Lease Agreement between the Yeiser Art Center and the City of Paducah, Kentucky. This agreement is for leasing the northern end of the Market House Building located at 200 Broadway. SECTION 2. The term of the aforesaid lease authorized in Section 1 above shall commence on April 1, 2005, and expires April 1, 2010. The lease shall automatically renew for additional periods of one year per renewal term, unless either party gives written notice of termination no later than 90 days prior to the end of the term or renewal term. SECTION 3. This Order shall be in full force and effect from and after the date of its adoption. ATTEST: Tammara S. Brock, City Clerk Adopted by the Board of Commissioners, March 8, 2005 Recorded by Tammara S. Brock, City Clerk, March 8, 2005 \ino\Lease — Yeiser Art Center