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HomeMy WebLinkAbout80-2-1861515 ORDINANCE NO. 80-2-1861 AN ORDINANCE AUTHORIZING AND DIRECTING THE MAYOR AND CITY CLERK TO ENTER INTO A LEASE AND COVENANT WITH -PADUCAH HOUSING ASSOCIA"TES FOR LEASE OF CERTAIN CITY PROPERTY LOCATED IN THE VICINITY OF BROADWAY AND SOUTH SIXTH STREET IN THE CITY OF PADUCAH, KENTUCKY 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 enter into a Lease and Covenant with Paducah Housing Associates, for lease of certain city property located in the vicinity of Broadway and South Sixth Street, -for a term of twenty-five (25) years, and for the con- sideration 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 full force and effect from and after the date of its adoption. Ile Mayor Passed by the Board of Commissioners February 1.2, 1980 Recorded by Louise McKinney, City Clerk, February 12, 1980.