HomeMy WebLinkAboutOrdinances Book 16, Page 324, No Ordinance Number324
AN ORDINANCE AUTHORIZING THE MAYOR AND CITY CLERK TO EXECUTE A
LEASE WITH THE URBAN RENEWAL AND COMMUNITY DEVELOPMENT AGENCY OF PADUCAH,
KENTUCKY, PROVIDING FOR THE LEASE OF CERTAIN LAND LOCATED IN THE DOWNTOWN
CIVIC CENTER PROJECT KY -R-30, AND KNOWN AS PART OF PARCEL 1, BLOCK 1,
FOR THE PURPOSE OF DEVELOPING AND OPERATING A MUNICIPAL PARKING LOT,
AND AUTHORIZING PAYMENT OF THE RENTAL
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 lease with Urban Renewal and Community Development Agency of
Paducah, Kentucky, for the lease of certain land located in the Downtown
civic Center Urban Renewal Area, Project KY -R-30, known as part of
Parcel 1, Block 1, in words and figures as follows:
"L E A S E
"THIS LEASE 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 body corporate and
Politic, created under the provisions of the Kentucky Revised
Statutes, Chapter 99, herein after called the "Agency", and the
CITY OF PADUCAH, KENTUCKY, a municipal corporation of the Second
Class hereinafter referred to as "City",
WITNESSETH•
"WHEREAS, pursuant to a duly adopted and approved Urban Renewal
Plan on file in the office of the Agency and in the office of the
City Clerk of the City of Paducah, Kentucky, the Agency has undertaken
a project known as the Downtown Civic Center, Urban Renewal Project,
KY -R-30, and
"WHEREAS, in connection with such undertakings the City and the
Agency have entered into a contract for sale of certain land in said
project by the Agency to the City known as Parcel 1, Block 1, as
shown in the aforesaid Urban Renewal Plan as authorized and approved,
and
"WHEREAS, in advance of delivery of title to the said property
by the Agency the City desires to lease a portion thereof,
"NOW THEREFORE, for and in consideration of the mutual terms,
covenants and provisions and other good and valuable considerations
325
hereinafter set forth, the Agency being authorized to do so, hereby
rents, leases, and sets over possession to the City and said City
hereby rents, and takes from the Agency the following described
property:
Being one-half of parcel 1, block 1, of the Downtown Civic
Center, Project KY -R-30, Urban Renewal Disposal plat and
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 the same 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.
"SECTION 1.
The term pf this lease shall be for one (1) year commencing
August 7, 1967 and terminating August 7, 1968, however, either party
may terminate this lease during the term hereof by giving the other
thirty (30) days written notice of its intention to do so.
"SECTION 2.
The rental of such term shall be at the rate of One Hundred, Sixty
Four Dollars and Six Cents ($164.06) per month payable by the City
to the Agency at the expiration of each month thereof.
"SECTION 3.
The City will hold the Agency harmless and indemnify it from any
and all claims, damages, action, causes of action, costs or losses,
including all the costs of defense thereof, which may arise directly
or indirectly by reason of the City's development or use of the
property or its execution of this lease.
"SECTION 4.
The City shall not sub -lease or in any manner alienate or assign
its interest herein without the written consent of the Agency.
"SECTION 5.
The City shall not discriminate upon the basis of race, color
creed, or national origin, in the use or occupancy of the property
326
or any improvements erected or to be erected thereon, or any part
thereof.
IN TESTIMONY WHEREOF, witness the hands of the parties through
their duly authorized representatives as of the day and date first
above written.
CITY OF PADUCAH, KENTUCKY
By:
ATTEST: Mayor
City Clerk
URBAN RENEWAL AND COMMUNITY
DEVELOPMENT AGENCY OF PADUCAH,
KENTUCKY
By
Chairman
ATTEST:
Executive Director"
SECTION 2. That upon execution of the lease by all parties the City
Manager and Senior Treasurer are hereby authorized to make rental payments
pursuant to the terms of the lease.
SECTION 3. 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 passage, and if adopted shall be
in full force and effect ten (10) days thereafter.
Mayor
Introduced by the Board of Commissioners September 13, 1967
Passed by the Board of Commissioners September 26, 1967
Recorded by Sarah Thurman, City Clerk, September 26, 1967