HomeMy WebLinkAboutOrdinances Book 15, Page 757, No Resolution Number757
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A RESOLUTION AUTHORIZING THE MAYOR AND CITY CLERK TO EXECUTE,
ON BEHALF OF THE CITY OF PADUCAH, KENTUCKY, A CERTAIN AGREEMENT OF
COMPLIANCE BETWEEN THE URBAN RENEWAL AND COMMUNITY DEVELOPMENT AGENCY
OF PADUCAH, KENTUCKY, AND SAID CITY
BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE CITY OF
PADUCAH, KENTUCKY:
SECTION 1_ That the Mayor and City Clerk be, acid they are
hereby, authorized and directed to execute, on behalf of the City of
Paducah, Kentucky, an Agreement of Com=pliance between the Urban Renewal
and Community Develonment Agency of Paducah, Kentucky, and said City,
which is in words and figures substantially as follows:
"A GREE Bi E N T OF COMPLIANCE
"This AGREEMENT OF COMPLIANCE entered into as of the day of
1965 by and between the URBAN RENEWAL AND COMMUNITY
DEVELOPMENT AGENCY of Paducah, Kentucky, (hereinafter referred to
as 'Agency'), and the CITY OF PADUCAH, KENTUCKY (hereinafter re-
ferred to as 'City');
WITNESSETH:
"WHEREAS the Agency has adonted an Urban Renewal Plan known
as Downtown Civic Center, Project Kentucky R-30, which has been
concurred in and annroved by the City, and,
"WHEREAS the City is the owner of a certain parcel of real
nronerty and improvements thereon within the above referred to
Project, which Dronerty is described therein as Parcel 9 in Block
1 and also known as 219 South Third Street, and,
"WHEREAS under the terms and conditions of the aforesaid Urban
Renewal Plan the above referred to nrooerty is designated as NTBA
(Not To Be Acquired) since the imnrovements thereon in their nresent
condition meets all requirements of the Urban Renewal Plan, and,
"WHEREAS the completion of the Urban Renewal Plan will result
in benefits to said City as nrovided in the Plan without the fore-
going parcel being acquired by the Agency;
"NOW THEREFORE for and in consideration of the benefits which
will accrue to the City resulting by reason of the foregoing parcel
being designated NTBA, and by reason of the develonment of the
Urban Renewal Area in accordance with the Urban Renewal Plan by
the Agency, the City hereby agrees as follows:
"SECTION I - The City will conform to the Urban Renewal Plan,
Downtown Civic Center, Project- Kentucky R-30, in its use of the
above described parcel respecting any change, repair, modification,
improvement or reconstruction of imnrovements located thereon and
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resnecting all covenants contained in said Plan relating to lease,
assignment or transfer of said nronerty and construction and
maintenance of imnrovements thereon.
"SECTION II - The City will at all times during the effective
term of the Urban Renewal Plan conform with all existing Federal,
State and Local rules, regulations, laws, and ordinances relating
to the use and maintenance of imnrovements upon said parcel.
"SECTION III - The City will continue to maintain the existing
improvements, or any new or modified imnrovements constructed unon
said parcel, in such a manner so that said imnrovements will at
all times be comparable in structure, design and maintenance to
other improvements made to other parcels within the foregoing
Project Area and at a standard not less than that which the City
has maintained imnrovements on this parcel prior to this Agreement.
"IN TESTIMONY WHEREOF the Parties set their hands as of the day
and date above written.
CITY OF PADUCAH, KENTUCKY
By
Mayor
ATTEST:
City Clerk
URBAN RENEWAL AND COMMUNITY
DEVELOPMENT AGENCY OF PADUCAH,
KENTUCKY
By _
Chairman
ATTEST:
-- — ! Secretary -
SECTION 2. This Resolution shall be in full force and effect
from and after its adontion.
Mayor
Passed by the Board of Commissioners October 12, 1965
Recorded by Sarah Thurman, City Clerk, October 12, 1965.