HomeMy WebLinkAboutOrdinances Book 15, Page 913, No Ordinance Number913
ANORDINANCEEXAMPTING B. B. FOODS CORPORATION OF KENTUCKY
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 B. B. Foods Corporation of -Kentucky 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 grant such exemption as an"inducement for said
manufacturing establishment to be loeated 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 B. B. Foods Corporation of
Kentucky, located at 800 Jones Street 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 anv time said B. B. Foods Corporation of
Kentucky 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 eranted 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.