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HomeMy WebLinkAbout80-1-1837471 ORDINANCE NO. 80-1-1837 AN ORDINANCE AUTHORIZING AND APPROVING THE CONVEYANCE OF ALL OF LOT NO. 76 AND PART OF LOT NO. 77, BLOCK 10, ADDITION "D", LOWER TOWN TO KOLB BROS . DRUG COMPANY, INC. WHEREAS, the Board of Commissioners of the City of Paducah, Kentucky, on November 11, 1969, approved a "Memorandum of Agreement" between Kolb Bros. Drug Company, Inc. and Paducah Water Works for the exchange of certain real pro- perty located on North Third Street in the City of Paducah, Kentucky, and WHEREAS, pursuant to the terms of the aforesaid agreement, Kolb Bros. Drug Company, Inc . , and Paducah Water Works are now desirous that deeds be properly executed in order to exchange the aforesaid properties and to vest title in the name of the appropriate grantee, and WHEREAS, since Paducah Water Works is municipally owned, it is necessary that the Board of Commissioners of the City of Paducah, Kentucky, approve the transfer of the following described real property by ordinance. NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF COMMISSIONERS OF THE CITY OF PADUCAH, KENTUCKY: SECTION 1. That the Mayor and City Clerk be, and they are hereby, authorized and directed to execute a deed of conveyance wherein the following described real property is transferred to Kolb Bros. Drug Company, Inc . , 322 North Third Street, Paducah, Kentucky. SECTION 2. That the property referred to above is more particularily described as follows, to -wit: Being all of Lot 76 and part of Lot 77, Block 10, Addition "D", Lower Town - between Monroe and Madison Streets which is more particularly described as follows: TRACT I (Portion of Lot 77) Beginning at an iron pin in the west right of way line of North 3rd Street 57.75 feet south of the intersection of the south right of way line of Madison Street and the west right of way line of North 3rd Street; thence in a southerly direction 57.75 feet along the west right of way line of North 3rd Street to a point; thence with an interior angle of 90 degrees 02 minutes in a westerly direction a dis- tance of 135.00 feet to a steel fence post; thence with an in- terior angle of 89 degrees 58 minutes in a northerly direction a distance of 57.75 feet to a steel fence post; thence with an interior angle of 90 degrees 02 minutes in an easterly direction a distance of 135.00 feet to the point of beginning in the west right of way line of North 3rd Street. TRACT II (Lot 76) - Beginning at a point in the west right of way line of North 3rd Street 115.50 feet south of the inter- section of the south right of way line of Madison Street and the west right of way line of North 3rd Street; thence in a southerly direction along the west right of way line of North 3rd Street a distance of 57.75 feet to a railroad spike; thence with an interior angle of 90 degrees 02 minutes in a westerly direction a distance .of 173.25 feet to an iron pipe; thence with an interior angle of 89 degrees 58 minutes in a northerly direction a dis- tance of 57.75 feet to a 3" x 3" stone; thence with an interior angle of 90 degrees 02 minutes in an easterly direction 173.25 feet to the point of beginning in the west right of way line of North 3rd Street. 472 SECTION 3. This ordinance shall be introduced and remain on file for one week for public inspection in the completed form in which it shall be put upon its final passage, and if adopted shall be in full force and effect ten (10) days thereafter. Mayor. . Introduced by the Board of Commissioners December 26, 1979 Passed by the Board of Commissioners January 8, 1980 Recorded by Louise McKinney, City Clerk, January 8, 1980.