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A RESOLUTION AUTHORIZING AND DIRECTING THE CITY MANAGER TO ENTER
INTO A CONTRACT ON BEHALF OF THE CITY OF PADUCAH , KENTUCKY , WITH JOHN
SMITH, REALTOR, AUTHORIZING SAID REALTOR TO ACT AS AGENT OF THE CITY OF
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PADUCAH , KENTUCKY , IN ACQUIRING OPTIONS ON CERTAIN PARTIALS OF REAL ESTATE
TO BE USED IN THE DEVELOPMENT OF A PUBLIC WORKS GARAGE
BE IT RESOLVED BY THE 'BOARD OF COMMISSIONERS OF THE CITY OF
PADUCAH , KENTUCKY:
SECTION 1. That the' City Manager be, and he is hereby, authorized \and
directed on behalf of the City of Paducah , Kentucky , to enter into a contract with
John Smith, Realtor, whereby said Realtor will be authorized as an agent for the City
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of Paducah; Kentucky, to acquire necessary options on certain partials of real estate
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lying within the corporate limits of the City of Paducah , Kentucky , and to be used
in the development of a `public works garage .
SECTION 2. That for each option- to purchase obtained by the said Realtor,
the City agrees to pay a fee equivalent to ten percent (10 0) of the gross purchase
price stated in the option, or' $'300.00 , ~ whichever is greater . The aforesaid fee is to
be paid whether or not the City exercises it's option to purchase the property .
SECTION `3. That the''aforesad contract shall contain such other terms and
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provisions as may be deemed necessary and approved by the City Manager 'and City
Engineer , provided however , that nothing contained therein shall irrevocably bind the
City of Paducah .to purchase the subject properties until directed to do so by ordinance
duly adopted by the Board of Commissioners of the City of Paducah , Kentucky .
SECTION 4. This resolution shall be in full force and effect from and after
the date of its adoption.
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Mayor Protem
Commissioner
Passed by the Board of Commissioners June 12, 1979
Recorded by Louise McKinney , City Clerk , June 12 , 1979 .