HomeMy WebLinkAboutOrdinances Book 11, Page 428, No Resolution Number428
A RESOLUTION EXT_i,<PTING FROT4 MUNICIPAL TAXATION FOR A
PERIOD OF FIVE YEARS THE MANUFACTURING BUSINESS AND PROPERTIES OF
SOL BRONSTEIN AND NORUAN BRONSTEIN ON NORTH 8TH STREET PBTNEEN
JEFFERSON AND H90NROE STREETS IN THE CITY OF PADUCAH, KENTUCKY.
WFEREAS, a 7artnership firm composed of Sol Bronstein
and 'Norman Bronstein has purchased a lot 83x173.25 feet at #219
North 8th street in Paducah, Kentucky, and said property will be
used for the operation of a plant in which clothinr, will be manu-
factured, and the said Sol Bronstein and Norman Bronstein have
submitted to the Board of Commissioners their application for
exemption from municipal taxation on all of the manufacturing
properties and business; and
It appearing from said application that the factory to
be erected by the said Sol Bronstein and Norman Bronstein will
be a new and bona fine manufacturing establishment and under the
Statutes of the Commonwealth of Kentucky and the ordinances of the
City of Paducah, said plant is entitled to exemption from municipal
taxation for a period of five (5) years as an inducement to the
operation of said manufacturing plant in the City of Paducah.
NOW WEREFORE, BE IT RESOLVED BY THE LOARD Or 001-:-:ISSIOITERS
OF THE CITY OF PADUCAH, KE1N7UCKY:
SECTION 1.
That the manufacturing business of Sol Bronstein and
2iorman Bronstein located at 219 North 8th Street, to,ether with al
of the property owned by them at said location be, and the same is
hereby exempt from the payment to the City of Paducah of all ad va
and license taxesv:rith the exception of the taxes due and payable
school purposes for a period of five (5) years, beginning with the
ad valorem assessment which will become due and payable in the yea
1949 and the license taxes which will become due and payable durin
the year 1948. Provided, hoc:ever, the exemption herein authorized
shall not apply and said company shall be required to list said
property for ad valorem taxes for the year 1949 unless a plant
for the manufacture of clothing is constructed upon the aforesaid
property and said plant is in operation before July 1, 1948.
SEC TI ON 2.
\
This Resolution shall be in full force and effect from
and after its adoption. \
Passed by the Board of Commissioners, February 17, 1948
Recorded by Sarah Thurman, City Clerk, February 17, 1948