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HomeMy WebLinkAbout76-6-1301212 V ORDINANCE NO. 76-6-1301 AN ORDINANCE EXEMPTING HUEBLIEN, INC . FROM THE PAYMENT OF CERTAIN CITY TAXE5 FOR A PERIOD OF FIVE YEARS WHEREAS , it is provided by Section 92.300 (1) that the legislative body of any city of the second to sixth class may , by ordinance , exempt manufacturing ~_ -. establishments from city taxation for a period not exceeding five years as an inducement to their location in the city, and WHEREAS , Hueblien, Inc . has requested such exemption for the purpose of establishing a manufacturing establishment in the City of Paducah, Kentucky, and WHEREAS , the Board of Commissioners of the City of Paducah, Kentucky, desires to grant such exemption as an inducement for said manufacturing establishment to be located in the city . NOW THEREFORE, BE IT ORDAINED BY THE BOARD OF COMMISSIONERS OF THE CITY OF PADUCAH, KENTUCKY: SECTION 1. That the real estate to be purchased by Hueblien, Inc. for a manufacturing site , together with all of it's associated manufacturing equipment subject to city taxation , be exempted from such city taxation as provided for by Section 92.300 (1) for a period of five years, beginning with the taxes assessed as of January 1, 1977 for the fiscal year 1977-1978, as an inducement for said establishment to be located within the corporate limits of the, City of Paducah, Kentucky. A brief description of the. aforesaid real estate is as follows: Sixty-one (61) acres, more or less, located on the Coleman Road and contained within the Coleman Road Industrial Site, and as to be conveyed from Greater Paducah Industrial Development Association to Hueblien, Inc. SECTION 2. If at any time said Hueblien, Inc . should cease operating said manufacturing establishment, except periods of non-manufacturing activities caused by accidents, mishaps.., breakdowns, strikes .or other unavoidable .occurrences or casualties , the exemption granted herein shall be immediately cancelled and held for naught . SECTION 3. This ordinance shall be in full force and effect from and after the date of its adoption . ~~~ ,~ 'O Mayor Passed by the Board of Commissioners July 27, 1976 Recorded by Sarah Thurman , City Clerk , July 27 , 1976 .