HomeMy WebLinkAboutOrdinances Book 16, Page 210, No Ordinance Number210 f 49J 1
AN ORDINANCE AUTHORIZING THE MAYOR AND CITY CLERK TO EXECUTE A
CONTRACT WITH URBAN RENEWAL AND COMMJNITY DEVELOPMENT AGENCY OF PADUCAH,
KENTUCKY, PROVIDING FOR THE PURCHASE OF CERTAIN LAND LOCATED IN THE
DOWNTOWN CIVIC CENTER, URBAN EENEWAL AREA PROJECT, KY -R-30 AND KNOWN
AS PARCEL 1, BLOCK 1, FOR THE PURPOSE OF DEVELOPING A MUNICIPAL PARKING
LOT, AND FURTHER PROVIDING FOR A TEMPORARY AND PARTIAL LEASE OF THE
PROPERTY; AUTHORIZING PAYMENT OF THE CONTRACT PRICE, AND PROVIDING
THAT SAID CONTRACT BE CONTINGENT UPON APPROVAL AND SALE OF THE REVENUE
BOND ISSUE FOR THE PAYMENT THEREOF
BE IT ORDAINED BY THE BOARD OF COMMISSIONERS OF THE CITY OF
PADUCAH, KENTUCKY:
SECTION 1. That the Mayor and City Clerk be authorized to execute
a contract with the Urban Renewal and Community Development Agency of
paducah, kentucky for the lease and purchase of certain land located in the
Downtown Civic Center Urban Renewal Area Project, Ky-q 30, known as Parcel
1, Block 1, in words and figures as follows:
"CONTRACT FOR SALE OF LAND IN DOWNTOWN
CIVIL CENTER PROJECT, KY -R-30
"THIS CONTRACT, made and entered into as -of the day of
1967 by and between the URBAN RENEWAL AND COMMUNITY DEVELOPMENT
AGENCY, OF PADUCAH, KENTUCKY, a public body and 'a body corporate and
politic, created under the provisions of the Kentucky Revised Statutes,
Chapter 99, hereinafter called the "Agency", and the City of Paducah,
Kentucky, a municipal corporation of the Second Class, hereinafter
referred to as "City",
WITNESSETH:
WHEREAS, in furtherance of the objective of the Urban Renewal
laws of the State of Kentucky pursuant to Kentucky Revised Statutes,
Chapter 99, the Agency has undertaken a program of clearance and
redevelopment of blighted, deteriorated and deteriorating areas in
the City of Paducah, McCracken County, Kentucky and in this connection
has undertaken a project known as the Downtown Civic Center Project,
Ky-R-30, and
WHEREAS, pertaining to said project the Agency has undertaken and
approved an Urban Renewal plan dated October 31, 1964 and approved by
the Board of Commissioners of the City of Paducah, Kentucky, on October
28, 1965, and has been amended by amendment dated December 12, 1966,
which plan may be further amended and/or modified, and
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WHEREAS, a copy of said Urban Renewal plan is on file in the office
of the Agency and in the office of the City Clerk, of the City of
Paducah, Kentucky and is made a part hereof by reference, and
WHEREAS, the City hereby offers to purchase that part of the project
described herein, and further offers to redevelop such land for public
uses as specified in said Urban Renewal plan, and
WHEREAS, the Agency on the basis of the foregoing and the under-
takings of the City contained in this contract, is willing to sell the
land to the City at a predetermined price based on its redevelopment
being in -accordance with the provisions of the Urban Renewal plan and
this Contract and designated for public use, and
WHEREAS, the Agency is not presently able to deliver title and
Possession of the entire tract sought to be purchased by said City,
and said City therefore desires to obtain possession of a portion of
the tract for advanced development thereof according to the plan, and
WHEREAS, the applicable provisions of the Urban Renewal plan have
been embodied in a document entitled "Declaration of Restrictive
Covenants" dated December 13, 1966, and recorded in Deed Book 483,
page 269, in the McCracken County Court Clerk's office, at Paducah,
Kentucky:
NOW THEREFORE, for and in consideration of the mutual terms,
covenants, and provisions and other good and valuable considerations
hereinafter set forth, the Agency'being authorized so to do, hereby
agrees to acquire, sell and convey to the City, and the City, subject
to its ability to issue revenue bonds therefor, he agrees to
purchase from the Agency the following described real estate , located
in the Downtown Civic Center, Urban Renewal Area Project, KY -R-30, in
Paducah,McCracken County, Kentucky, to -wit:
PARCEL 1, BLOCK 1 -
Beginning at the southwest corner of the intersection of
Kentucky Avenue and South 3rd Street; thence.in a south-
erly direction and along the west property line of South
3rd Street, 173.25 feet; thence at right angles and in a
Westerly direction 346.5 feet to a point in the East
.property line of -South 4th Street; thence in a northerly
direction and along the west property line of South
4th Street 173.25 feet to the southeast intersection of
South 4th Street and Kentucky Avenue; thence at right
angles and along the South property line of Kentucky
Avenue in an Easterly direction 346.5 feet to the point
of -beginning.
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Which property shall be subject to all easements of record and
such easements as shall be made necessary by the accomplisement of the
Urban Renewal plan and the redevelopment of the described property in
accordance with the rules and regulations of the Agency now existing
or hereafter adopted.
And upon the following terms and conditions:
1. General Terms of Conveyance of Property:
(a) The City agrees to pay the agency as the full purchase
price and monetary consideration for the aobve described
parcel of land the predetermined price of $90,000.00. Such
payment shall be in cash, or by such check as shall be
satisfactory to the Agency. The Agency shall convey to the
City, upon payment of the full purchase price by said City,
title to the property by deed with the greatest warranty of
title permitted by law which deed shall contain conditions,
covenants and restrictions set forth or referred to elsewhere
in this contract and shall be subject to the declaration of
restrictive covenants dated December 13, 1966, and recorded
in Deed Book 483, page 269, in the McCracken County Court
Clerk's office, and to such a state of facts as an accurate
survey of the property might reveal. The Agency
shall deliver the deed and possession of the entire tract of
the property at such time as it can lawfully do so and the
conveyance shall be made at the office of the Agency at which
time said Agency shall accept the full purchase price therefor.
(b) Anything in the foregoing to the contrary notwithstanding the
Agency hereby rents, leases, and sets over possession to the
City and said City hereby rents, and takes from the Agency
the following described portion of the property heretofore
described:'
Being one-half of parcel 1, block 1, of the Downtown Civic
Center, Project Ky-R-30, Urban Renewal disposal plat amd
beginning at the southwest intersection of Kentucky Avenue
and South 3rd Street; thence in a southerly direction along
the west property line of South 3rd Street 173.25 feet; thence
at a right angle and in a Westerly direction 173.25 feet to a
point; thence at a right angle and in a northerly.direction
173.25 feet to the south property line of Kentucky Avenue;
thence at a right angle and:in an easterly direction and along
said south property line of Kentucky Avenue 173.25 feet to
the point of beginning:
Being a part of_thetsame_property-conveyed to:the Agency by
the City of Paducah, Kentucky by deed dated April 12, 1966
and recorded in Deed Book 476; page 488 -in the McCracken
County Court Clerk's office. Also being the same property
conveyed to the Agency by F. T. Goode et ux by deed dated
April 26, 1966 and recorded in Deed Book 476, page 639 in
the aforesaid Clerk's office. Also being the same property
conveyed to the agency by Gus T. Smith, et ux by deed dated
April 25, 1966, and recorded in Deed Book 478, page 4 in
the aforesaid Clerk's office.
The term pf this lease shall commence as of the date of this contract
and shall extend uninterrupted to the date of conveyance of title by the
Agency to the City as hereabove described at which time the said lease
shall merge with the conveyance. The consideration of this lease shall
be the payment by the City to the Agency the sum of One Dollar ($1.00)
per month during the term hereof and the redevelopment of said property
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in accordance with the Urban Renewal plan based upon plans submitted
and approved by the Agency prior to the commencement of such redevelopment.
It is understood that such con struction will be integrated with the overall
development of the entire tract as elsewhere set out in this contrace, and
that all easements, reservations, or restrictions shall be applicable to
the leased portion of the property during the term of said lease as
though conveyance of title has been made.
2. Preparation of Property:
(a) The Agency shall, prior to the conveyance of the entire
property and without expense to the City', proceed with-
out delay to acquire all tracts within said.entire descriptive
area and prepare the same for redevelopment in accordance
with Urban Renewal plan.
3. Construction of Improvements
(a) The City will redevelop the property by construction there-
on of a public parking lot and related facilities hereinafter
called improvements and all plans and specifications and all
work by the City with respect to such redevelopment of the
property and the construction or the making of:other im-
provements thereon, if any, shall be in conformity with
the Urban Renewal plan, this contract, and all applicable
state and local laws. All such plans shall be subject to
approval by formal action of the agency which shall be
submitted in sufficient completeness and detail to show
that the improvements and construction thereof will be
in accordance with -.the provisions.of the Urban.Renewal
plan and the agreement. This provision shall be applic-
able not only to the advanced redevelopment of the leased
.portion but to the entire tract to be conveyed.
(b) The City agrees for itself, its successors and assigns and
every successor in-interest:to-the property or any part
thereof that the deed shall contain covenants on the part
of the City for itself and such successors and assigns
that the City .shall begin the redevelopment of the property
through the construction of improvements thereon as follows:
(1) As to..the.leased portion, within_
months from the date hereof.
(2) As to the entire tract months from
the date of the deed.
The City shall.therewith diligently proceed to complete such construc-
tion within: - months from such date for the leased portion and within
No months -from such date of the .balance of.the:.tract:of property. It
is intended and agreed, and the.deed shall so expressly provide, that the
agreements and-covenants'of this contract pertaining -to -the improvements
shall be covenants running.with..the land and that they.shall, in any event,
and without regard to technical classification -or designation -De -gal or
otherwise; and except only as otherwise specifically provided in the
contract, be, to the fullest extent permitted bylaw and equity, binding
for the benefit of the community and the Agency and enforceable by the
214
Agency against the city, its successors and assigns, and every successor
in interest to the property, or any part thereof or any interest therein.
4. Report on Progress
(a) Subsequent to conveyance of the property or any part thereof
to the City, and until construction of the improvements has
been completed, the City shall, upon written request of the
Agency, make, in such detail as may reasonably be required
by the Agency, and forward to the Agency a report in writing
as to the actual progress of the City with respect to such
construction. During such period, the work of the City shall
be subject to inspection by the Agency.
5. Certificate of Completion
(a) Promptly after completion of the improvements in accord-
ance with the provisions of the contract, the Agency shall
furnish the City:with an appropriate instrument so certify-
ing. Such certification by the Agency shall be (and it shall
be so provided in the Deed and in the certification itself)
a conclusive determination of satisfaction and termination
of the agreements and covenants in the contract and in the
Deed with respect to the obligations of the City, its successors
and assigns, and every successor in interest to the property,
to construct the improvements and the dates for the beginn-
ing and completion thereof. All certifications provided
for in this section shall be in such form as will enable them
to be recorded with the McCracken County Court Clerk.
6. Restrictions on Land Use•
(a) The City agrees for itself, its successors and assigns, and
every successor in interest to the property, or any part
thereof, and the deed shall contain covenants on the part of
the City for itself, and such successors and assigns, that
the City, and such successors and assigns, shall:
(1) Devote the property to, and only to and in accord-
ance with, the uses specified in the Urban Renewal
plan, as the same may hereafter be amended and
extended from time to -.time; and
(2) Not discriminate upon the basis of race, color,
creed, or national origin in the sale, lease, or
rental or in the use or occupancy of the property
or any improvements erected or to be erected
thereon, or any part thereof.
(b) Effects of Covenants;_ Period of Duration
It is intended and agreed, and the deed shall so expressly
provide, that the agreements and covenants provided in
this Section 6, shall be covenants running with the land
and that they shall, in any event, and without regard to
technical classification or designation, legal or other-
wise, and except only as otherwise specifically provided
in this Contract, be, to the fullest extent permitted by
law and equity, binding for the benefit and in favor of,
and enforceable by, the Agency, its successors and
assigns, the City, and the United States (in the case of
the covenant provided in subdivision (2) of paragraph (a)
of this Section 6, against the City, its successors and
assigns, and every successor in interest to the property
or any part therein, and any party in possession or
occupancy of the property or any part thereof. It is
further intended and agreed that the agreement and
covenants provided (a) in subdivision (1) of paragraph
(a) in this Section 6, shall remain in effect until Jan-
uary 1, 1985 (at which time such agreement and covenant
shall terminate), and (b) in subdivision (2) of such
paragraph (a) shall remain in effect without limitation
215
as to time.
(c) En:Eorceability by"Agency and United States.
If amplification, and not in restriction, of -the provisions
of paragraph (b) hereof, it is intended and agreed that
the Agency shall be deemed a beneficiary of ,the agree-
ments and covenants provided in paragraph (a) hereof,
and the United States shall be deemed a beneficiary of
'the covenants provided in subdivision -(b) of paragraph 6,
both for and in their or its own right and also for the
purposes of protecting -the interest of the community
and the other parties, public or private, in whose .
favor .or for whose benefit such agreements and
covenants have been provided. Such agreements and
covenants shall (and the deed shall so state) run in
favor of the Agency and the United States for the
entire period during which such agreements and
covenants shall be in force, without regard to
whether the Agency or the United States is--or-has
been an owner of any land or interest therein to,
or in favor of, which such:agreements and covenants
relate. The agency shall have the right, in the
event of any breach of any such agreement or
covenant, and the United States shall have the right
in the event of any breach of the covenant_provided.
in subdivision (2) of paragraph (a) hereof, to exercise
all the rights and .remedies, and to maintain any
actions or suits at law or in equity or other proper
proceedings to enforce the curing -of such breach of
agreement or covenant, to which it or any other
beneficiaries of such: agreement or.covenant may be
entitled.
7. Prohibition Against Transfer of Property and Assignment
(a) The City has not made or created, andwillnot, prior
to the:proper completion of the improvements, as
certified by the Agency, make.or.create;:or suffer. -
to be made or created, (a) any total:or'partial sale,
conveyance; or lease of the property;,:or;any:part.=.
thereof or -interest -therein, or (b) -any assignment of
this Contract, or:any part thereof; or..(c):any agreement
to do:any of the foregoing, without the -prior written
approval of the Agency.. Such approval shall be on
such condition as the Agency.may in its exclusive
discretiondetermine, including, but -not limited to,
the. -assumption by the proposed transferee, by in-
strument in writing,:for itself and its successors ..
and assigns, -and for the benefit of the Agency;:of all
obligations of the City under:this contract.
8. Notice of Default
(a) In the event of any default under or breach of any of
the terms or conditions of this contract by either
party hereto; -or any successor.or•assign-of; or. -successor
in interest -to, the property,. such party or .successor
shall upon_written:notice from the..other.proceed to
remedy or cure such_default.or breach within thirty (30)
days.after,.receipt.of such.aotice..: Incase such action
is:not taken or diligently pursued or the default or
breach shall not be cured or remedied.within a reason-
able time, the aggrieved party may institute such
Proceedings as may be necessary or desirable.in its.
opinion to cure or remedy such default or breach or to
obtain damages.therefor, including but not limited to
proceedings:to:compel specific.performance-by.the-
party in default or breach of its obligations.
9. Termination by City
(a) In the event that the Agency does not tender conveyance
of the property or possession thereof in the manner and
216
condition, provided in this contract and any such failure
shall not be cured within thirty (30) days after written
demand by the City, then this contract shall at the option
of the City be terminated, and neither the Agency nor the
City shall have any further rights against or liability to
the other under -this contract.
10. Vermination by Agency
(a) In the event that prior to conveyance of thepropertyto
the City and in violation:of this contract the'-City:.(and
any successor in interest) assigns or attemptstoassign
this contract or any xights-herein-or-in the property, or
the City does not pay the purchase price for and take
title to the property upon proper tender of conveyance
by the Agency.pursuant to.this contract, then the agree-
ment and any rights of the City or any successor or:
assign of the City or transferee of the property under
this contract or arising therefrom with respect to the
Agency or the property, shall at the optionofthe Agency
be terminated by the Agency. :In such.event., except.for
the right of the Agency to damages for such -breach: .
afforded by law, neither the City (or assignee or trans-
feree) nor the Agency shall have any further rights:
against or liability to.:the other under the Agreement.
11. Delays Beyond Control of Parties:
(a) For the purposes of this contract, neither the Agency nor
the City, as the case may be, nor any_successor,of either
of them shall be considered in breach of or.in default under
its obligations with respect to the.preparation:of the property
for redevelopment,.or the beginning and completion of
construction of the improvements, or progress_in.respect
thereto in the event of enforced delay in the performance
of such obligations due to.unforseeable causes beyond its
control and without its fault or negligence, including, but
not restricted to, acts of God, acts of the public enemy;
acts of the Government, acts of the other party, fires,
floods, epidemics, quarantine restrictions, strikes, litigation,
freight embargoes, and unusually severe weather, or
delays of subcontractors due to such causes; it being
the purpose and intent of this provision that, in the
event of the occurrence of any such enforced delay, the
time or times for performance of the obligations of the
Agency with respect to construction of the improvements, as
the case may be, shall be extended for the period of the en-
forced delay; provided,.that the party -seeking the benefit of
the provision of this section shall, -.within ten (10) days after
the beginning of any Bich -enforced -delay, have.first notified
the other party hereof in writing, and_of the cause or causes
thereof and requested an extension for the period..of the en-
forced delay.
12. Rights and Remedies Cumulative.
(a) The rights and remedies of the parties to this contract,
whether provided by law or by this contract, shall be
cumulative, and the exercise by either;party.of any one
or more of such remedies shall not preclude the .exercise
by it, at the same or different times, of any other such
remedies for the same default or breach, or of any of its
remedies for any other -default or breachrby the other
party. No waiver made by•either party with respect to
the performance, or manner or time thereof, or any ob-
ligation of the other party or any condition to its own
obligation under this contract shall be.considered a
waiver of any rights of the party making the waiver with
respect to the particular obligation of the other party
217
or condition to its own obligation beyond .those expressly
waived and to the extent thereof, or a waiver in any
respect in regard to any other rights of the party making
the waiver or any other obligations of the other party.
No such waiver -shall be ;salid unless it is in writing duly
signed by the party waiving the right or rights.
13. Conflict of Interest
(a) No member, official, or employee of the Agency shall
have any personal interest, direct or indirect,•in this
contract, nor shall any such member, official, or
employee participate in any decision relating -to this
contract, which affects his personal interest or the
interest of any corporation, partnership,. or associa-
tion in which he is, directly or indirectly, interested.
No member, official, or employee of the Agency shall
be personally liable to the City or any successor in
interest in the event of any default or breach of the Agency
or for any amount -which may become due.to•the City or
successor or on any obligations under the.terms of this
contract.
14. Equal Employment offortunity
(a) The City, for itself,and its successors and assigns, agrees
that it will include the following provisions of this section
14 in every contract or purchase order which may here-
after be entered into between the City and any party' -(herein-
after in this section called "Contractor.
in connection
with the construction of the improvements, or any part
thereof,,provided for in this,contract,:unless such
contract or purchase order is exempted by rules,.regula-
tions, or orders of -the Secretary of Labor issued pursuant
to Section 204 of Executive order -11246 -of September 24, 1965:
'•'Sec. Equal Employment Opportunity. During
the performance of this contract, the -Contractor agrees
with the City as follows::.
(b) The:Contractor will not discriminate against.any employee
or applicantfor employment because ofrace,. creed., color,
or national origin. The Contractor will take affirmative
action to ensure..that.applicants are employed, and that
employees are treated during employment, without.regard
to their race, creed, color, or national origin. Such action
shall include, but not be.limited to,_the.following Employment,
upgrading,..demotion,'or transfer; -recruitment or recruitment
advertising; layoff .orltermination;.rates of payor.other
form of :compensation;:and selection for -training,. -including
apprenticeship. The and
agrees to post in conspicuous
places, available to employees and applicants for employment,
notice to be provided by the Agency setting forth the provisions
of this nondiscrimination clause...
(c) The Contractor will,in all solicitations oradvertisements
for employees placed by or on behalf of -.the --Contractor,
state that all qualified applicants will receive consideration
for:.employment:without'regard totrace; creed; -color or'
national origin.
(d) The Contractor will send to each labor union or representative
of workers with which the Contractor has a collective bar-
gaining:agreement or:other'contractlor understanding, a
notice, to be provided, advising the labor union or worker's
representative of the -Contractor's commitments under
Section.202'of Executive Order 11246 of September 24, 1965,
and -shall post copies of the notice in conspicuous places
available to employees and applicants for employment.
218
(e) The Contractor will comply with. all: provisions: of. Executive
Order 11246 of September 2.4, 1965:, and- of the, rules_
regulations, and relevant,.orders of .the Secretary:of:Labor.
(f) The Contractor will furnish -.all. information and.repo.rts
required by Executive -Order 11246 of September 24,.•.1965,
and by the rules, regulations, and orders of the Secretary
of Labor or the Secretary of Housing :and Urban_Development ..
pursuant thereto, and will permit access to the Contractor's
books, records, and accounts by the -Agency, the:Secretary:
of Housing and Urban Development, and the Secretary of
Labor for purposes of investigation to ascertain compliance
with such rules, regulations, and orders.
(g) In the event of the Contra:etor.':s. noncompliance- with --the
nondiscrimination clauses..cf_ this, :contract .or with-- any of
such rules, regulations or..-orders,..thi contract -:may be
cancelled, terminated.,: or .snsp:end:ed.-i.n whole- or. -in .part
and the Contractor may be:declared-ineligible for futther
Government contracts ox -federally assisted construction
contracts in. accordance •with-procedures:anthork ed -in
Executive Order 11246 of September 24, 1965,.and::such
other sanctions may be imposed and remedies invoked
as provided in Executive Order. 11-246: of September .24,: 19.65,.
or by rule, regulation, or order of the Secretary of Labor,
or as otherwise provided.by:law..
(h) The Contractor will includ.e.the-provisions of -.paragraphs
(b) through (h) of this rSection 1-4;_in. .ev:ery subcontract
or purchase order unless exempted byrules regulations,
or orders of the Secretary of Labor_issned-: pursuant to
Section 204 of Executive Order -1.1246- of September 24-, 1965,
so that such provisions will•b:e binding. upon:each :_
subcontractor or vendor.. :.The Contractor will:take such
action with respect to --any construction contract, sub-
contract, or purchase order as the Agency or the Depart-
ment of Housing and Urban:Development may direct as a
means of enforcing such provision, including sanctions
for noncompliance: Provided, however, That.in.the-.event
the contractor becomes involved in, or is threatened with,
litigation with a subcontractor or vendor as a result of'
such direction by the Agency or the Department of Housing
and Urban Development,. .the Contractor may.request the
United States to enter into. such litigation to protect the
interest of the United States`.-,. __:
For the purpose of
or purchase order,
term "Contractor"
designation of the
15. Notice.
invluding such:.provisions,: in, .any- .construction contract
as required by. -this Section. l4., - the. term -"City" and the
may be changed- to. reflect appropriately. the name or
parties to such contract or -.purchase order.
(a) A notice or communication :under_ the •Ag:reement by: either
party to the other shall be sufficiently given or delivered
if dispatched by registered mail, .postage prepaid,: return,
receipt requested, and.. --
(b) In the case of a notice or communication to the City:, is
addressed as follows: City Manager, City. Hall, City
of Paducah, Kentucky 42001.
and
(c) In the case of a notice or communication to the Agency, is
addressed as follows: Executive Director
Urban Renewal and Community
Development Agency, City.Hall
and City of -Paducah, Kentucky 42001
or is addressed in such other way in respect to either
party as that party may, from time to time, designate
in writing dispatched as provided in this Section.
219
16. Agreement Survives Conveyance.
(a) None of the provisions of this contract is intended to or
shall be merged by reason of any deed transferring
title to the property from the Agency to the City or
any successor in interest, and any such deed shall
not be deemed to affect or:impair the provisions and
covenants of this contract.
IN WITNESS WHEREOF, the Agency has caused this contract to be duly
executed in its behalf and attested; and the City has caused the same to be
duly executed in its behalf, on or as of the day and year first above
written.
URBAN RENEWAL AND COMMUNITY
DEVELOPMENT AGENCY OF PADUCAH,
KENTUCKY
By
:- -Chairman
ATTEST:
Executive Director
CITY OF PADUCAH, KENTUCKY
By
Mayor
ATTEST:
City Clerk
STATE OF KENTUCKY
- ( SCT:
COUNTY OF McCRACKEN )
I. a Notary Public in and for the state
and county aforesaid hereby certify that the foregoing CONTRACT FOR THE
SALE OF LAND IN DOWNTOWN CIVIC CENTER PROJECT, KY -R-30 between the URBAN
RENEWAL AND COMMUNITY DEVELOPMENT AGENCY, of Paducah, Kentucky and the
CITY OF PADUCAH, KENTUCKY, was produced before me in my state and county
by Thomas W. Wilson and Sarah Thurman, Mayor and City Clerk, respectively,
of the City of Paducah, Kentucky, and acknowledged by them to be their
duly authorized act and deed for the purposes therein set out on the
day of 1967.
My Commission expires
Notary Public
220
STATE OF KENTUCKY
COUNTY OF MCCRACKEN
.. ti ; . . ..
( SCT:.
a•notary public in and for the State and
County aforesaid her certify that the foregoing CONTRACT FOR THE SALE OF
LAND IN DOWNTOWN CIVIC CENTER PROJECT, -KY -R-30 between the URBAN RENEWAL
AND COMMUNITY DEVELOPMENT AGENCY, of Paducah, Kentucky, and the CITY OF
PADUCAH, KENTUCKY, was produced before me in my state and 'county by
Norman A. Parrott, M.D., and James J. McGraw, Chairman and Executive
Director, respectively, of the Urban Renewal and Community Development
Agency, and acknowledged by them to be their duly authorized act and deed
for the purposes therein set out on the _ day of
1967.
My Commission expires
Notary Public "
SECTION 2. That execution of the foregoing contract be contingent
upon approval and sale of the revenue bond issue in the amount of
$125,000 to provide funds for purchasing and developing said property.
SECTION 3. That upon execution of the contract, issuance and
sale of said revenue bonds, and delivery -of -the deed according to the
terms of the contract, the City Manager and Senior Treasurer are hereby
authorized to pay the sum of $90,000.00 for the purchase of the property
from the proceeds of the sale of said bond issue.
SECTION 4. This ordinance shall be introduced and remain on file
for at least one (1) week for public inspection in the completed form in
which it shall be put upon its final phissage, and if adopted shall be in
full force and effect ten (10) days thereafter.
Mayor
Introduced by the Board of Commissioners June 27, 1967
Passed by the Board of Commissioners July 11, 1967
Recorded by Sarah Thurman, City Clerk, Jule 11, 1967.