HomeMy WebLinkAbout01/08/85Proceedings of
Board of Commissioners
No.
City of Paducah January 8; 1985
At a Regular Meeting of the Board of Commissioners held in the Commission Chamber, City Hall,
Paducah, Kentucky, at 7:30 p.m. on January 8, 1985, Mayor Viterisi presided and upon call of the Roll,
the following answered to their names: Commissioners Cole, Coleman, Ford, Grumley and Mayor Viterisi
(5) .
Commissioner Coleman offered motion, seconded by Commissioner Cole, that the reading of the
Minutes for December 11 and 27, 1984, be waived and that the Minutes of said meeting prepared by the
City Clerk be approved as written. Adopted on call of the Roll, Yeas, Commissioners Cole, Coleman,
Ford, Grumley and Mayor Viterisi (5).
Mayor Viterisi offered motion that "WHEREAS, the terms of Rollie J. France, Harold Ford and
Lou Burgess Brown as members of the Paducah -McCracken County Recreational Tourist and Convention
Commission, have expired; and whereas, the Paducah -McCracken County Hotel/Motel Association has
submitted the name of Lou Burgess Brown for reappointment to said board; and whereas, the Paducah Area
Chamber of Commerce has submitted the name of Rollie J. France to be reappointed to said board; and
whereas, the West Kentucky Restaurant Association has submitted the name of Harold Ford to be
reappointed to said board, I hereby, jointly with the Judge of McCracken County, reappoint Lou Burgess
Brown (representative of Paducah -McCracken County Hotel/Motel Association), Rollie J. France (repre-
sentative of Paducah Area Chamber of Commerce), and Harold Ford (representative of West Kentucky
Restaurant Association) to the Board of the Paducah -McCracken County Recreational and Tourist and
Convention Commission for a period of three (3) years, expiring December 31, 1987.
Commissioner Coleman offered motion, seconded by Commissioner Cole that the Board of
Commissioners approve the action of Mayor Viterisi in appointing Lou Burgess Brown, Rollie J. France and
Harold Ford as members of the Paducah -McCracken County Recreational Tourist and Convention Commission.
Adopted on call of the roll, yeas, Commissioners Cole, Coleman, Grumley and Mayor Viterisi (4).
Commissioner Ford abstained (1).
Mayor Viterisi offered motion that "WHEREAS, Richard Holland, a member of the Historical and
Architectural Review Commission, has resigned, I hereby, subject to the approval of the Board of Com-
missioners, appoint Howard Randle to fill the unexpired term of Richard', which term expires June 4,
1987.
Commissioner Cole offered motion, seconded by Commissioner Coleman, that the Board of
Commissioners approve the action of Mayor Viterisi in appointing Howard Randle as a member of the
Historical and Architectural Review Commission to fill the unexpired term of Richard Holland, who has
resigned. Adopted on call of the roll, yeas, Commissioners Cole, Coleman, Ford, Grumley and Mayor
Viterisi (5).
Mayor Viterisi offered motion that, "WHEREAS, the term of W. R. "Bob" Johnston, as a member of
the Commissioners of Water Works, expired on January 6, 1985, I hereby, subject to the approval of the
Board of Commissioners, reappoint Bob Johnston for a term of four years so that said term will expire
January 6, 1989.
I
Commissioner Ford offered motion, seconded by Commissioner Grumley, that the Board of
Commissioners approve the action of Mayor Viterisi in reappointing W. R. "Bob" Johnston a member of the
Commissioners of Water Works. Adopted on call of the roll, yeas, Commissioners Cole, Coleman, Ford,
Grumley and Mayor Viterisi (5).
Commissioner Cole offered motion, seconded by Commissioner Coleman, that upon recommendation
of the City Manager the following applications for private collectors' permits for the period ending
June 30, 1985, be approved:
365
Ai__ - ,\7
Appoint Rollie J. France, Harold
Ford & Lou Burgess Brown to
Tourist Commission
Appoint Howard Randle to HARC
Reappoint Bob Johnston to
Water Works Board
Private Collectors' Permits U
No. 366
Proceedings of Board of Commissioners: City of Paducah January 8, 1985
`J
Sell Cemetery Lots
Y R $ F Documents
R & F Bids
V
Memorandum of Agreement w/Nooney
Co. re Paducah Off -Price Mall
Fire Hose - Adv. for Bids
1. Quick Service Garbage Disposal
2. S & S Disposal Service Corp.
3. Town & Country Garbage
Adopted on call of the roll, yeas, Commissioners Cole, Coleman, Ford, Grumley and Mayor Viterisi (5).
Commissioner Coleman offered motion, seconded by Commissioner Cole, that the Board of
Commissioners approve the sale of the following cemetery lots and that the City Clerk be authorized to
execute a Deed of Conveyance for said cemetery graves:
1. To Earline Rouse, Lot No. 247, Grave E, Block 6, Rushing
Addition to Oak Grove Cemetery, for the sum of $150.00
(Receipt #30121
Adopted on call of the roll, yeas, Commissioners Cole, Coleman, Ford, Grumley and Mayor Viterisi (5).
Commissioner Grumley offered motion, seconded by Commissioner Ford, that the following
documents be received and filed:
�1'1. Electric Plant Board Resolution
Adopted on call of the roll, yeas, Commissioners Cole, Coleman, Ford, Grumley and Mayor Viterisi (5).
Mayor Viterisi offered motion, seconded by Commissioner Grumley, that the following bids be
received and filed:
For 3 1985 sedans for Police Department:
1. Wilson Chevrolet -Cadillac, Inc.
2. Paducah Ford, Inc.
3. Allan Rhodes, Inc.
For refuse containers for one year:
1. Brooks Container Service
2. Triangle Insulation & Sheet Metal
3. Mitchell Machine Shop
4. Teamco, Inc.
Adopted on call of the roll, yeas, Commissioners Cole, Coleman, Ford, Grumley and Mayor Viterisi (5).
Commissioner Ford offered motion, seconded by Commissioner Grumley, that a Resolution
entitled, "A RESOLUTION OF THE CITY OF PADUCAH, KENTUCKY, AUTHORIZING AND DIRECTING THE EXECUTION OF A
MEMORANDUM OF AGREEMENT BY AND BETWEEN THE CITY AND NOONEY CO., A LIMITED PARTNERSHIP; RELATING TO THE
RENOVATION OF AN EXISTING SHOPPING MALL LOCATED IN THE DESIGNATED DOWNTOWN BUSINESS DISTRICT OF PADUCAH,
KENTUCKY: UNDERTAKING THE ISSUANCE OF BONDS OF THE CITY AT THE APPROPRIATE TIME TO PAY THE COST OF
RENOVATING SAID FACILITY; AND OTHER PRELIMINARY ACTIONS", be adopted. Adopted on call of the roll,
yeas, Commissioners Cole, Coleman, Ford, Grumley and Mayor Viterisi (5).
Commissioner Cole offered motion, seconded by Commissioner Coleman, that a Municipal Order
entitled, "A MUNICIPAL ORDER REQUESTING THE CITY MANAGER TO ADVERTISE FOR BIDS FOR THE PURCHASE OF FIRE
HOSE TO BE USED BY THE PADUCAH FIRE DEPARTMENT", be adopted. Adopted on call of the roll, yeas,
Commissioners Cole, Coleman, Ford, Grumley and Mayor Viterisi (5).
2.
Paducah Water Works Report - Dec., 1984
\'3.
Executed
contract - City & International Salt Co.
'`4.
Executed
Contract - City & Municipal Equipment
�'S.
Executed
Contract - Black Equipment Co.
"\'6.
Executed
Lease - City & Barbara Howard
V
7.
Planning
Comm. report - amend Zoning Ord.
\\48.
Planning
Comm. report - close alley between
Broadway
& Ky. Ave. west of South 12th
4
9.
IRB Recommendation for Paducah Off -Price Mall
Adopted on call of the roll, yeas, Commissioners Cole, Coleman, Ford, Grumley and Mayor Viterisi (5).
Mayor Viterisi offered motion, seconded by Commissioner Grumley, that the following bids be
received and filed:
For 3 1985 sedans for Police Department:
1. Wilson Chevrolet -Cadillac, Inc.
2. Paducah Ford, Inc.
3. Allan Rhodes, Inc.
For refuse containers for one year:
1. Brooks Container Service
2. Triangle Insulation & Sheet Metal
3. Mitchell Machine Shop
4. Teamco, Inc.
Adopted on call of the roll, yeas, Commissioners Cole, Coleman, Ford, Grumley and Mayor Viterisi (5).
Commissioner Ford offered motion, seconded by Commissioner Grumley, that a Resolution
entitled, "A RESOLUTION OF THE CITY OF PADUCAH, KENTUCKY, AUTHORIZING AND DIRECTING THE EXECUTION OF A
MEMORANDUM OF AGREEMENT BY AND BETWEEN THE CITY AND NOONEY CO., A LIMITED PARTNERSHIP; RELATING TO THE
RENOVATION OF AN EXISTING SHOPPING MALL LOCATED IN THE DESIGNATED DOWNTOWN BUSINESS DISTRICT OF PADUCAH,
KENTUCKY: UNDERTAKING THE ISSUANCE OF BONDS OF THE CITY AT THE APPROPRIATE TIME TO PAY THE COST OF
RENOVATING SAID FACILITY; AND OTHER PRELIMINARY ACTIONS", be adopted. Adopted on call of the roll,
yeas, Commissioners Cole, Coleman, Ford, Grumley and Mayor Viterisi (5).
Commissioner Cole offered motion, seconded by Commissioner Coleman, that a Municipal Order
entitled, "A MUNICIPAL ORDER REQUESTING THE CITY MANAGER TO ADVERTISE FOR BIDS FOR THE PURCHASE OF FIRE
HOSE TO BE USED BY THE PADUCAH FIRE DEPARTMENT", be adopted. Adopted on call of the roll, yeas,
Commissioners Cole, Coleman, Ford, Grumley and Mayor Viterisi (5).
Proceedings of
Board of Commissioners
No.
City of Paducah January 8, 1985
Commissioner Coleman offered motion, seconded by Commissioner Cole, that a Municipal Order
entitled, "A MUNICIPAL ORDER APPROVING AN AGREEMENT WITH PADUCAH WATER WORKS FOR PAYMENT BY THE CITY OF
$29500.00 PER MONTH FOR SEWER SERVICE AND FACILITY CHARGES FOR THE MUNICIPAL SEWER SYSTEM" be adopted.
Adopted on call of the roll, yeas, Commissioners Cole, Coleman, Ford, Grumley and Mayor Viterisi (5).
Commissioner Ford offered motion, seconded by Commissioner Grumley that a Municipal Order
entitled, "A MUNICIPAL ORDER REQUESTING THE CITY MANAGER TO ADVERTISE FOR BIDS FOR THE PURCHASE OF ONE
FRONT LOADING REFUSE TRUCK WITH THIRTY (30) YARD PACKER BODY, TO BE USED BY THE REFUSE DEPARTMENT, AND
PRESCRIBING THE CONDITIONS UPON WHICH SUCH PURCHASE SHALL BE MADE", be adopted. Adopted on call of the
roll, yeas, Commissioners Cole, Colemanm, Ford, Grumley and Mayor Viterisi (5).
Commissioner Grumley offered motion, seconded by Commissioner Ford, that the following
personnel changes be made:
(SEE MUNICIPAL ORDER BOOK)
Mayor Viterisi offered motion, seconded by Commissioner Coleman, that a Municipal Order
entitled, "A MUNICIPAL ORDER APPROVING THE APPLICATION FOR STATE ASSISTANCE UNDER THE KENTUCKY COMMUNITY
A .
DEVELOPMENT BLOCK GRANT PROGRAM, TO THE DEPARTMENT OF LOCAL GOVERNMENT, DIVISION OF COMMUNITY
DEVELOPMENT PROGRAMS, COMMONWEALTH OF KENTUCKY, AND AUTHORIZING THE MAYOR TO EXECUTE SAID DOCUMENTS", be
adopted. Adopted on call of the roll, yeas, Commissioners Cole, Coleman, Ford, Grumley and Mayor
Viterisi (5).
Commissioner Cole offered motion, seconded by Commissioner Coleman, that the Board of
Commissioners introduce an ordinance entitled, "AN ORDINANCE AUTHORIZING AND DIRECTING THE MAYOR AND
CITY CLERK TO ENTER INTO A LEASE AND COVENANT WITH PEOPLES FIRST NATIONAL BANK AND TRUST COMPANY, FOR
LEASE OF CERTAIN CITY PROPERTY LOCATED BETWEEN 400 KENTUCKY AVENUE AND 410 BROADWAY, IN THE CITY OF
PADUCAH, KENTUCKY". This ordinance is summarized as follows: Authorizing the Mayor and City Clerk to
lease to Peoples First National Bank and Trust Company certain city right-of-way above an alley located
between 400 Kentucky Avenue and 410 Broadway. Adopted on call of the roll, yeas, Commissionrs Cole,
Coleman, Ford, Grumley and Mayor Viterisi (5).
Commissioner Cole offered motion, seconded by Commissioner Coleman, that the Board of
Commissioners adopt an ordinance entitled, "AN ORDINANCE ACCEPTING THE BID OF PADUCAH FORD, INC. IN THE
AMOUNT OF $113,705.00 FOR SALE TO THE CITY OF ONE NEW 1985 CARGO VAN FOR USE BY THE POLICE DEPARTMENT,
AND AUTHORIZING THE MAYOR TO EXECUTE A CONTRACT FOR SUCH PURCHASE". This ordinance is summarized as
follows: Authorizing the Mayor to execute a contract for the purchase of a new 1985 Cargo Van from
Paducah Ford, Inc. in the amount of $11,705.00, for use by the Police Department. Adopted on call of
the roll, yeas, Commissioners Cole, Coleman, Ford, Grumley and Mayor Viterisi (5).
Commissioner Cole offered motion, seconded by Commissioner Coleman, that the Board of
Commissioners introduce an ordinance entitled, "AN ORDINANCE AUTHORIZING THE MAYOR TO ENTER INTO A
CONTRACT WITH ALLEN AND KLEET AND ASSOCIATES TO PERFORM THE ANNUAL AUDIT OF THE RECORDS OF THE ELECTRIC
PLANT BOARD". This ordinance was read in full. Adopted on call of the roll, yeas, Commissioners Cole,
Coleman, Ford, Grumley and Mayor Viterisi (5).
Commissioner Coleman offered motion, seconded by Commissioner Cole, that the Board of
Commissioners introduce an ordinance entitled, "AN ORDINANCE APPROVING THE CLOSING OF A PORTION OF
NATCHEZ LANE LOCATED IN THE JONQUILAWN SUBDIVISION BETWEEN BLOCK 'B', LOT 1, and BLOCK 'A', LOT 9".
This ordinance is summarized as follows: Authorizing and directing the Corporation Counsel to institute
and prosecute an action in McCracken Circuit Court for a judgment ordering the closing of a portion of
Natchez Lane in Jonquilawn Subdivision, as described above. Denied on call of the roll, yeas,
Commissioners Cole, Coleman, Ford, Grumley and Mayor Viterisi (5).
367
Pay Paducah Water Works Monthly
Sewer Service & Facility Charge
Refuse Truck - Adv. for Bids V
Personnel Changes
Approve Application for State
Assistance for KCDBG Grant -
Lease w/Peoples Bank for Property
Betw. 400 Ky. Ave. & 410 Broadway
(Air Space)
Purchase Cargo Van - PPD - from
Paducah Ford
Allen & Kleet Contract for
Electric Plant Board Record Audit
Deny Closing Portion Natchez Lane V
No. 368
Proceedings of Board of Commissioners City of Paducah January 8, 1985
Refuse Containers from Brooks
Container Service - 64 Containers
Y
Amend 10-52 - C S - Delete St. Dept.
Director
Close Alley Betw. Broadway & Ky. Ave.
west of 12th St.
ti
Purchase S/Wagon for P.D. from
Wilson Chev.
V
Amend 2-47(a) - Non C S
Comm. Dev. Personnel
V
Amend Zoning Ordinance Sec. 40.152,
Appendix A
Establish Private Collectors Permit &
Fee
Commissioner Coleman offered motion, seconded by Commissioner Cole, that the Board of Commissioner
introduce an ordinance entitled, "AN ORDINANCE ACCEPTING THE BID OF BROOKS CONTAINER SERVICE TO SUPPLY
APPROXIMATELY 64 REFUSE CONTAINERS FOR ONE YEAR TO THE CITY OF PADUCAH, AND AUTHORIZING THE MAYOR TO
EXECUTE A CONTRACT FOR SUCH PURCHASE". This ordinance is summarized as follows: Authorizing the Mayor
to execute a contract with Brooks Container Service for one year for the purchase of approximately 64
refuse containers of various sizes. Adopted on call of the roll, yeas, Commissioners Cole, Coleman,
Ford, Grumley and Mayor Viterisi (5).
Commissioner Coleman offered motion, seconded by Commissioner Cole, that the Board of
Commissioners adopt an ordinance entitled, "AN ORDINANCE AMENDING SECTION 10-52, 'CIVIL SERVICE' OF THE
CODE OF ORDINANCES OF THE CITY OF PADUCAH, KENTUCKY". This ordinance is summarized as follows:
Deleting the position of Street Department Director from Civil Service. Adopted on call of the roll,
yeas, Commissioners Cole, Coleman, Ford, Grumley and Mayor Viterisi (5).
Commissioner Ford offered motion, seconded by Commissioner Grumley, that the Board of
Commissioners introduce an ordinance entitled, "AN ORDINANCE PROVIDING FOR THE CLOSING OF AN UNDEVELOPED
ALLEY LOCATED BETWEEN BROADWAY AND KENTUCKY AVENUE, WEST OF 12TH STREET". This ordinance is authorized
as follows: Authorizing, empowering and directing the Corporation Counsel to institute and prosecute an
action in McCracken Circuit Court for a judgment ordering the closing of the above-described alley.
Adopted on call of the roll, yeas, Commissioners Cole, Ford, Grumley and Mayor Viterisi (4).
Commissioner Coleman voted nay (1).
Commissioner Ford offered motion, seconded by Commissioner Grumley, that the Board of
Commissioners adopt an ordinance entitled, "AN ORDINANCE ACCEPTING THE BID OF WILSON CHEVROLET-CADILLAC,
INC. IN THE AMOUNT OF $109574.619 FOR SALE TO THE CITY OF ONE NEW 1985 STATION WAGON FOR USE BY THE
POLICE DEPARTMENT, AND AUTHORIZING THE MAYOR TO EXECUTE A CONTRACT FOR SUCH PURCHASE", This ordinance
is summarized as follows: Authorizing the Mayor to execute a contract with Wilson Chevrolet -Cadillac,
Inc. in the amount of $10,574.61 for the purchase of one new 1985 station wagon for use by the Police
Department. Adopted on call of the roll, yeas, Commissioners Cole, Coleman, Ford, Grumley and Mayor
Viterisi (5).
Commissioner Ford offered motion, seconded by Commissioner Grumley, that the Board of
Commissioners introduce an ordinance entitled, "AN ORDINANCE AMENDING SUB -SECTION (a) of SECTION 2-47,
'NON -CIVIL SERVICE GENERALLY' OF THE CODE OF ORDINANCES OF THE CITY OF PADUCAH, KENTUCKY". This
ordinance is summarized as follows: Adding the positions of Section 8 Program Director, Section 8
Administrative Aide, and Clerk -typist to the Community Development Department. Adopted on call of the
roll, yeas, Commissioners Cole, Coleman, Ford, Grumley and Mayor Viterisi (5).
Commissioner Grumley offered motion, seconded by Commissioner Ford, that the Board of
Commissioners introduce an ordinance entitled, "AN ORDINANCE AMENDING SECTION 40.1523, APPENDIX A -
ZONING, OF THE 1976 PADUCAH ZONING ORDINANCE". This ordinance is summarized as follows: amending the
acreage required for Planned Unit Developments. Adopted on call of the roll, yeas, Commissioners Cole,
Coleman, Ford, Grumley and Mayor Viterisi (5).
Commissioner Grumley offered motion, seconded by Commissioner Ford, that the Board of
Commissioners adopt an ordinance entitled, "AN ORDINANCE CREATING SECTION 32-83.5 AND AMENDING SECTION
32-93 OF CHAPTER 32, WATER AND SEWERS, OF THE CODE OF ORDINANCES OF THE CITY OF PADUCAH, KENTUCKY".
This ordinance is summarized as follows: Establishing an annual fee in the amount of $650.00 per tank
truck and requiring private septic tank collector applicants to have a state license from the Cabinet of
Human Resources prior to the issuance of a city permit. Adopted on call of the roll, yeas, Commissioners
Cole, Coleman, Ford, Grumley and Mayor Viterisi (5).
Proceedings of
Board of Commissioners
No.
369
City of Paducah January 8, 1985
Commissioner Grumley offered motion, seconded by Commissioner Ford, that the Board of
Commissioners introduce an ordinance entitled, "AN ORDINANCE AMENDING SECTIONS 10-49 and 10-65, 'CIVIL
SERVICE' OF THE CODE OF ORDINANCES OF THE CITY OF PADUCAH, KENTUCKY". This ordinance is summarized as
follows: Deleting the position of Bookkeeper, adding the positions of Payroll Clerk and General
Accounting Clerk and increasing the salary of Data Entry Operator in the Finance Dept. and deleting the
positions of Section 8 Coordinator and Clerk- typist from the Community Development Department. Adopted
on call of the roll, yeas, Commissioners Cole, Coleman, Ford, Grumley and Mayor Viterisi (5).
Commissioner Grumley offered motion, seconded by Commissioner Ford, that the Board of
Commissioners introduce and adopt an ordinance entitled, "AN ORDINANCE AMENDING ORDINANCE NO. 84-11-2611
ACCEPTING THE QUOTE OF WHAYNE SUPPLY COMPANY IN THE AMOUNT OF $89310.609 FOR SALE TO THE CITY OF
UNDERCARRIAGE PARTS FOR 977L CATERPILLAR LOADER USED ON THE LANDFILL AND AUTHORIZING THE MAYOR TO
EXECUTE A CONTRACT FOR SUCH PURCHASE". This ordinance is summarized as follows: Authorizing the Mayor
to execute a contract with Whayne Supply Company in the amended amount of $9,810.69 for parts and labor
for 977L Caterpillar Loader used on the landfill and declaring an emergency to exist. Adopted on call
of the roll, yeas, Commissioners Cole, Coleman, Ford, Grumley and Mayor Viterisi (5).
Mayor Viterisi offered motion, seconded by Commissioner Coleman, that the Board of
Commissioners introduce and adopt an ordinance entitled, "AN ORDINANCE AUTHORIZING THE CITY TREASURER TO
PAY MIDWEST CORPORATION THE SUM OF $49219.81 FOR TELEVISION EQUIPMENT". This ordinance is summarized as
follows: Authorizing the City Treasurer to pay Midwest Corporation the sum of $4,219.81 and declaring
an emergency to exist. Adopted on call of the roll, yeas, Commissioners Cole, Coleman, Ford, Grumley
and Mayor Viterisi (5)
Mayor Viterisi offered motion, seconded by Commissioner Coleman, that the Board of
Commissioners adopt an ordinance entitled, "AN ORDINANCE APPROVING THE CLOSING OF A PORTION OF MASON
AVENUE LOCATED BETWEEN H. C.' MATHIS DRIVE AND NORTH 25TH STREET". This ordinance is summarized as
follows: Authorizing the Corporation Counsel to institute and prosecute an action in McCracken Circuit
Court for a judgment closing a portion of Mason Avenue. Adopted on call of the roll, yeas,
Commissioners Cole, Coleman, Ford, Grumley and Mayor Viterisi (5).
Mayor Viterisi offered motion, seconded by Commissioner Coleman, that the Board of
Commissioners adopt an ordinance entitled, "AN ORDINANCE OF THE BOARD OF COMMISSIONERS OF PADUCAH,
KENTUCKY, RELATING TO AND APPROVING AN INDUCEMENT CONTRACT BETWEEN THE CITY AND NEUROPSYCHIATRIC
HOSPITAL OF PADUCAH, A PARTNERSHIP, IN WHICH THE CITY AGREES TO FINANCE THE ACQUISITION AND RENOVATION
BY THE CONSTRUCTION OF CAPITAL IMPROVEMENTS FOR AN ECONOMIC DEVELOPMENT PROJECT FOR USE AS A PSYCHIATRIC
HOSPITAL ON A TRACT OF LAND LOCATED ON BROADWAY IN THE CITY, THROUGH THE ISSUANCE BY THE CITY OF NOT
EXCEEDING APPROXIMATELY $4,500.00 OF ECONOMIC DEVELOPMENT REVENUE BONDS, FOR THE PURPOSE OF CREATING
ADDITIONAL EMPLOYMENT OPPORTUNITIES IN SAID CITY AND IN McCRACKEN COUNTY; AND AUTHORIZING THE BEGINNING
OF THE ACQUISITION AND RENOVATION OF SAID PROJECT PRIOR TO THE ISSUANCE OF SAID BONDS, WITH SAID COMPANY
PAYING FOR SAME AND TO BE REIMBURSED OUT OF THE PROCEEDS OF SAID BONDS FOR ALL COSTS HEREAFTER ADVANCED
BY THE COMPANY TOWARD THE COST OF THE PROJECT"
Said Ordinance:
A. Authorizes the execution of an Inducement Contract between Paducah, Kentucky, and
Neuropsychiatric Hospital of Paducah, a partnership (the "Company"), which Contract contemplates that
the City shall issue not exceeding approximately $4,500.00 of City of Paducah Economic Development
Revenue Bonds for the purpose of financing the costs of construction of a new economic development
project (the "Project"), on a tract of land approximately 6.08 acres, located at the site of the old
Amend 10-49 & 10-64, C S
(Finance & Com. Dev.)
Amend 977L Cat. Parts Cost - \�
Pay Whayne Supply
,\ I
Pay Midwest Corp. for TV Equipment V
Close Portion of Mason Ave. V
Approve Inducement Contract Betw \
City & Neuropsychiatric Hospital V
No. 370
Proceedings of Board of Commissioners City of Paducah January R, 1Q85
Neuropsychiatric Hosp. Contract - Cont.
Sears building on Broadway in the City, which Project would be operated by the Company as a psychiatric
hospital.
B. Authorizes and directs the Mayor to execute said Inducement Contract on behalf of the City
and to execute all necessary documents, instruments, and obligations of the City, all without expense to
the City.
C. Provides that the proceeds of the Bonds shall be lent by the City to the Company, which
Y ,
will agree to make loan payments to the City sufficient to pay all principal and interest requirements
on the bonds; that the Bonds shall not constitute a general obligation of the City and shall be payable
only from the revenues of the Project (including the loan payments to be made by the Company); and that
the City shall have no expense in connection with the Project or in connection with the issuance of the
Bonds, as provided in said Inducement Contract, but with the Company to have the option to use any other
method of financing permitted under KRS 103.200 through 103.280, including, without limitation, the
transfer of the title of such properties to the City with a lease back to the Company, which would pay
sufficient rental under the lease to pay all of the interest on and the principal of such bonds; and
D. Provides that the Ordinance and the Inducement Contract approved therein shall be
effective to the maximum extent permitted by law upon publication of'this Notice and Summary.
Adopted on call of the roll, yeas, Commissioners Cole, Coleman, Ford, Grumley and Mayor
Viterisi (5).
Upon motion the meeting adjourned.
APPROVED: 1— —
City C erk
Mayor