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HomeMy WebLinkAboutMO # 410I . I ,�.w tih „„�,� ,,�,1�1-,� ,Imm i�—J�llwlul L �+�•_. - r � � L� L �I�I LLQ—,�� ,.a,. il, � I ,l . I � � I d �.4V.1 ,�W��-,�.�,�u�l � , �W� d�L�l�, ,��,w�� �Ju��.�1 v14� v � �.. � �� LE�II�_�dl�lii, l� , . 56 MUNICIPAL ORDER NO. 410 A MUNICIPAL ORDER AMENDING THE DESIGNATED AREA OF PADUCAH OF ECONOMIC DEPRESSION AND THE RECOGNITION OF AN EXPANDED NEED FOR ENTERPRISE ZONE AUTHORITY WHEREAS, it is general knowledge that not all areas of the City of Paducah share the same advantages of economic growth and prosperity; and WHEREAS, areas of economic retardation inherently exhibit high unemployment rates, declining tax rates, and trends toward abandonment; and WHEREAS, Paducah's inner city is a contiguous area and is an area of pervasive poverty, unemployment, and economic distress in that: A. The average rate of unemployment in the designated area for the most recent 18 -month period for which data is available was at least 12 times .the average national rate of unemployment for said 18 -month -period; and B. At least 70% of the residents living in this area have incomes below 80% of the median income of:the residents of the City of Paducah. WHEREAS, such findings resulted in the establishment of an Enterprise Zone in Paducah on November 14, 1986; and WHEREAS, it is necessary and in the public interest that the Paducah City Commission amend its initial action and increase the formerly designated area of impact. BE IT ORDERED BY THE CITY OF PADUCAH, KENTUCKY: SECTION 1. That the following described area is hereby designated to be an economically depressed area: Beginning at a point at North Ellis Street extended and the thread of the Ohio River, that same point being the northwest corner of the Paducah City boundary; thence in an easterly direction along the thread of the Ohio and Tennessee Rivers to a point on the centerline of the extension of the right-of-way of Tully Street; thence in a southerly direction along Tully Street to the earthen levee floodwall; thence in an easterly direction along the earthen levee to the Paducah and Louisville Railway; thence in a northwesterly direction along the railway to a point on Island Creek; thence in a southerly and westerly direction with the Paducah Corporate Limits to the Paducah and Louisville Railway; thence in a northerly direction along the railroad to a point of intersection with the right-of-way of Division Street; thence westerly along Division Street to the Old Mayfield Road; thence northward to the intersection of Guthrie Avenue; thence in a westerly direction along Guthrie Avenue to the intersection of 19th Street; thence with 19th Street to Kentucky Avenue; thence in a northeasterly direction along Kentucky Avenue to 13th Street; thence northwest to Broadway; thence southwest along Broadway to 14th Street; thence northwest along .14th Street to Park Avenue; thence in a northeasterly direction along Park Avenue to 10th Street; thence in a westerly direction along 10th Street to the point of juncture with the earthen levee floodwall, that same point being the west limit of the City of Paducah; thence in a northerly and easterly direction along the boundary of the City of Paducah to the point of .beginning. SECTION 2. The Community Development Director of the City of Paducah, the Mayor of the City of Paducah, and all other officials of the City of Paducah are hereby authorized and directed to execute any i and all papers necessary to file an amended application to the Enterprise Zone Authority of Kentucky to have said area declared to be an Enterprise Zone and receive the benefits of such designations as set forth in KRS 154.650 through 154.705. SECTION 3. This Order shall be effective upon adoption as according to law. ATTEST: JOE VITERISI Mayor Adopted by the Board of Commissioners October 13, 1987 Recorded by Lenita Smith, City Clerk, October 13, 1987 Lenita Smith City Clerk SEAL OF CITY: 57