HomeMy WebLinkAboutMO # 817MUNICIPAL ORDER NO. 817
A MUNICIPAL ORDER WAIVING ONE PERCENT (1%) OF CITY
OCCUPATIONAL WAGE TAX TO PROMOTE JOB CREATION AT THE LYNX
DEVELOPMENT
WHEREAS, the City of Paducah is in support of the LYNX Development.
This $3,000,000 development will allow Lynx to create new jobs in the City of Paducah;
and
WHEREAS, the City of Paducah agrees to waive one percent (1%) of the
local occupational wage tax on the new jobs created, as required by the Kentucky Jobs
Development Act incentive program, for a period of ten years, to the extent it is able; and
WHEREAS, the City of Paducah requests the State to provide a four
percent (4%) match for this incentive program in order to assist with this economic
development program.
SECTION 1. The City of Paducah is hereby authorized to waive one
percent (1%) of its local occupational wage tax on new jobs created, as required by the
Kentucky Jobs Development Act incentive program, for a period of ten years, to the
extent it is able, for development of the LYNX Project.
SECTION 2. This order shall be in full force on and after the date of its
adoption.
May
ATTEST:
City Clerk
Adopted by the Board of Commissioners November 9, 1999
Recorded by Lenita Smith, City Clerk, November 9, 1999
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