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HomeMy WebLinkAbout2004-9-6863N ORDINANCE NO. 2004-9-6863 AN ORDINANCE AUTHORIZING THE MAYOR TO EXECUTE A DEED AND ALL DOCUMENTS NECESSARY FOR THE PURCHASE OF REAL PROPERTY LOCATED AT 5155 BUCKNER LANE BY THE CITY OF PADUCAH AND AUTHORIZE TRANSFER OF FUNDS FOR SAID PURCHASE BE IT ORDAINED BY THE CITY OF PADUCAH, KENTUCKY: SECTION 1. The Mayor is hereby authorized to execute a deed and all documents necessary for the purchase of real property located at 5155 Buckner Lane in the amount of $63,000.00 by the City of Paducah. SECTION 2. The Finance Director is hereby authorized and directed to transfer $68,000.00, ($5,000 — demolition and disposal of the existing structure) from the Commission Contingency account to the ST0021 Fund. SECTION 3. This expenditure shall be charged to the Pecan Drive Right - of -Way acquisition account. SECTION 4. Pursuant to KRS 83A.060, the City Commission suspends the requirement of a second reading and publication of this Ordinance. As grounds therefore, the City Commission does hereby declare an emergency to exist due to the purchase of this property by Commissioner Sale and the deteriorated condition of the existing structure on this property, it is essential to finalize all documents promptly. SECTION 5. This Ordinance shall become effective upon the first reading of this Ordinance. ATTEST: jM0_1ww'X- &Ck Tammara S. Brock, City Clerk Introduced and adopted by the Board of Commissioners, September 14, 2004 Recorded by Tammara S. Brock, City Clerk, September 14, 2004 Published by The Paducah Sun, September 21, 2004 \ord\eng\prop pur — 5155 Buckner M