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HomeMy WebLinkAbout2005-11-7046ORDINANCE NO. 2005-11-7046 AN ORDINANCE APPROVING AN INTERLOCAL COOPERATION AGREEMENT BETWEEN THE CITY OF PADUCAH (CITY) AND MCCRACKEN COUNTY (COUNTY), KENTUCKY RELATING TO REVENUE SHARING ON JOINT ECONOMIC DEVELOPMENT PROJECTS WHEN ECONOMIC INCENTIVES ARE SHARED BY THE CITY AND COUNTY, AND AUTHORIZING - AND DIRECTING THE MAYOR TO EXECUTE SAME BE IT ORDAINED BY THE CITY OF PADUCAH, KENTUCKY: SECTION 1. That the City of Paducah approves an Interlocal Cooperation Agreement between the City of Paducah and McCracken County, Kentucky, relating to the revenue sharing of an economic development projects in Paducah and McCracken County. SECTION 2. That the Mayor is hereby authorized and directed to execute the Interlocal Agreement referred to in Section I above. SECTION 3. This ordinance shall be read on two separate days and will become effective upon summary publication pursuant to KRS Chapter 424. ATTEST: Tammara S. Brock, City Clerk Introduced by the Board of Commissioners November 22, 2005 Adopted by the Board of Commissioners November 28, 2005 Recorded by Tammara S. Brock, City Clerk, November 28, 2005 Published by The Paducah Sun, December 2, 2005 \ord\agree-revenue sharing Cl 579