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HomeMy WebLinkAbout2019-12-8606ORDINANCE NO. 2019-12-8606 AN ORDINANCE AUTHORIZING THE CITY TO ENTER INTO AN AGREEMENT WITH PADUCAH & LOUISVILLE RAILWAY, INC. WHEREAS, the Paducah & Louisville Railway, Inc. owns real property located near Adams Street, Jackson Street, and Tennessee Street and wishes to convey that property to the City of Paducah at no cost, except for those costs and expenses associated with effectuating the conveyance; WHEREAS, prior to acceptance or conveyance, the City must conduct an inspection including an environmental inspection, zoning certification and appraisal of the property; WHEREAS, a Purchase Agreement between the City and Paducah & Louisville Railway, Inc. has been drawn up reflecting that, if the results of the inspection are satisfactory to the City, and reveal no significant abatement, zoning, or residential issues, Paducah & Louisville Railway, Inc. will convey the property to the City of Paducah, without charge, except that the City shall be responsible for payment of costs and expenses associated with such conveyance; WHEREAS, it has been determined that, upon satisfactory inspection, it is beneficial to the City to agree to the Purchase Agreement with Paducah & Louisville Railway, Inc. for conveyance of real property. BE IT ORDAINED BY THE CITY OF PADUCAH, KENTUCKY: SECTION 1. That the City Commission hereby authorizes and approves the City of Paducah to enter into the Purchase Agreement with the Paducah & Louisville Railway for conveyance of the property located near Adams Street, Jackson Street, and Tennessee Street whereby the Paducah & Louisville Railway will convey such property to the City of Paducah. SECTION 2. The Mayor is hereby authorized to execute the Purchase Agreement between the City and Paducah & Louisville Railway, Inc. for conveyance of the real property, subject to an inspection period and satisfactory environmental assessment and zoning certification. SECTION 3. Following satisfactory inspection, environmental assessment and zoning certification, the Mayor is further authorized to execute a quitclaim deed for conveyance of the property, together with all other documentation necessary to effectuate transfer of the Property. SECTION 4. If any section, paragraph or provision of this Ordinance shall be held invalid or unenforceable for any reason, the invalidity or unenforceability of such section, paragraph or provision shall not affect any of the remaining provisions herein. SECTION 5. The City Commission hereby finds and determines that all formal actions relative to the adoption of this Ordinance were taken in an open meeting of this City Commission, and that all deliberations of this City Commission and of its committees, if any, which resulted in formal action, were in meetings open to the public, in full compliance with applicable Open Meetings laws. SECTION 6. All ordinances, resolutions, orders or parts thereof in conflict with the provisions of this Ordinance are, to the extent of such conflict, hereby repealed and the provisions of this Ordinance shall prevail and be given effect. SECTION 7. This Ordinance shall be read on two separate days and become effective upon summary publication pursuant to KRS Chapter 424. 2- LAC -A Brandi Harless, Mayor AT ST: 0� Lindsay Parish, City Clerk Introduced by the Board of Commissioners, December 10, 2019 Adopted by the Board of Commissioners, December 17, 2019 Recorded by the City Clerk, December 17, 2019 Published by The Paducah Sun, December 25, 2019 ord\fire\Accept P & L Property 234972