HomeMy WebLinkAboutOrdinances Book 15, Page 912, No Ordinance Number912
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AN ORDINANCE EXEMPTING RELIANCE DIECASTING COMPANY FROM
THE PAYMENT OF CERTAIN CITY TAXES FOR A PERIOD OF FIVE YEARS
WHEREAS it is provided by Section 92.300(1) that the Legislative
Body of any city of the second to sixth class may, by ordinance,
exempt manufacturing establishments from city taxation for a period
not exceeding five years as an inducement to their location in the
city, and
WHEREAS Reliance Diecasting Company has requested such
exemption for the purpose of establishing a manufacturing establishment
in the City of Paducah, and
WHEREAS the Board of Commissioners of the City of Paducah,
Kentucky desires to prant such exemption as an inducement for said
manufacturing establishment to be located in the City.
NOW THEREFORE, be it ordained by the Board of Commissioners
of the City of Paducah, Kentucky:
SECTION 1. That the real estate of Reliance Diecasting Company
located at 30th, Shelbourne, Bell and Illinois Central right-of-way
in the City of Paducah, Kentucky, and all of its associated manufacturing
equipment subject to city taxation be now exempted from such city
taxation as provided for by Section 92.300(1) for a period of five
years, beginning with taxes assessed as of. July 1, 1966 for payment
in 1967 as an inducement for said establishment to be located in said
city.
SECTION 2. If at any time said Reliance Diecasting Company
should cease operating said manufacturing establishment, except periods
of non -manufacturing activity caused by accidents, mishaps, breakdowns,
strikes or other unavoidable occurrences or casualties, the exemption
granted herein shall be immediately cancelled and held for naught.
SECTION 3. This ordinance shall be in full force and effect
from and after its adoption.
Mayor
Adopted by the Board of Commissioners April 26, 1966
Recorded by Sarah Thurman, City Clerk, April 26, 1966.