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HomeMy WebLinkAboutOrdinances Book 13, Page 87, No Ordinance Number8V. AN ORDINANCE AUTHORIZING THE MAYOR OF THE CITY OF PADUCAH, KENTUCKY, TO EXECUTE A LEASE BETWEEN THE CITY AND THE ILLINOIS CENTRAL RAILROAD COI.1PANY FOR A PORTION OF GROUND OCCUPIED AND USED BY THE CITY AS A PART OF BARKLEY PARK WHEREAS, Barkley Park in the City of Paducah, Kentucky adjoins certain property of the Illinois Central Railroad Company, and WHEREAS, it appears that a certain portion of said park as.now used constitutes an encroachment upon the property of the Illinois Central Railroad Company; and WHEREAS, the Illinois Central Railroad Company is trilling to lease such portion to the City for five:(5) years for a -rental of ;}1.00 per year, payment acknowledged. NO1.1 THEREFORE, BE IT ORDAINED BY THE BOARD OF COIF •ZSSIONERS OF Thr, CITY OF PADUCAH, PEHTUCKY° SECTION 1. That the I-'ayor of the City of Paducah, Kentucky, be, and he is hereby, authorized to execute on behalf of the City a lease from Illinois Central Railroad Company, whereby said Company agrees to lease to the City for a five (5) year period, beginning !•larch 18, 1954, certain of its property now being used by the City as a part of Barkley Park; said lease to provide for a rental charge of ;x1.00 per year, payment of which to be acknowledged by the Illinois Central Railroad Company. SECTION 2. This ordinance shall be in full force and effect from and after its adoption. (,—?. ll?, Mayor Passed by the Board of Coimnissioners April 27, 1954 Recorded by Sarah Thurman, City Clerk, April 27, 1954•