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HomeMy WebLinkAbout84-5-251266 ORDINANCE NO. 84-5-2512 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 401 KENTUCKY AVENUE, 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 property located between 400 Kentucky Avenue and 401 Kentucky Avenue, for a term of twenty-five (25) years, and for the consideration of One Dollar ($1.00) per annum. SECTION 2. "Thi:' 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 April 24, 1984 Passed by the Board of Commissioners May 8, 1984 Recorded by Louise McKinney, City Clerk, May 8, 1984 Published by The Paducah Sun