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HomeMy WebLinkAbout85-1-2637229 ORDINANCE NO. 85-1-2637 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 BE IT ORDAINED BY THE CITY OF PADUCAH, KENTUCKY: SECTION 1. That the Mayor and City Clerk be, and they are hereby, authorized and directed to enter into a Lease and Covenant with Peoples First National Bank and Trust Company, for lease of certain city right-of-way (an alley) located between 400 Kentucky Avenue and,410- Broadway, for a term of twenty-five (25) years, and for the consideration of One Dollar ($1.00) per annum. SECTION 2. The aforesaid Lease and Covenant is attached hereto and by reference incorporated herein, and all terms and provisions thereof are approved. SECTION 3. This ordinance shall be in read on two separate days and will be effective upon publication of title and a certified summary thereof. JOE VITERISI Mayor Introduced by the Board of Commissioners January 8, 1985 Passed by the Board of Commissioners January 22, 1985 Recorded by Lenita Smith, City Clerk, January 22, 1985 Published by The Paducah Sun January 29, 1985.