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MUNICIPAL ORDER NO. 232
8
A MUNICIPAL ORDER DEFINING THE DOWNTOWN BUSINESS DISTRICT FOR ELIGIBILITY
OF INDUSTRIAL REVENUE BONDS
WHEREAS, Section 1, sub -section 14 of HB 493 (1982 Legislative Session)
states that "Any activity including new construction designated for revitalization or
redevelopment of downtown business district asdesignatedby the issuer" are eligible
for industrial revenue bond—financing,--and -
WHEREAS, it -is the intent of :the City of Paducah to define the downtown—
business
owntown—business district as permitted by HB 493.
BE IT ORDERED BY THE CITY OF PADUCAH, AS FOLLOWS:
SECTION 1. The Board of Commissioners of the City of Paducah hereby
defines the downtown business district for eligibility of 2ndustrial 'r'evenu'e bond
financing to include the entire corporate limits of the City of Paducah.
SECTION- 2. ''This -municipal- order defines ` the area "in `which -activity will be
considered downtown business district but does not approve any 'specific project for
financing under the industrial revenue bond program.
SECTION 3. This order shall become effective immediately upon passage as
provided by law.
JOE VITERISI
Mayor
Passed by the Board of Commissioners December 27, 1984
Recorded by Lenita Smith, City Clerk, December 27, 1984.