HomeMy WebLinkAbout2021-12-8719ORDINANCE NO. 2022-01-8719
AN ORDINANCE AUTHORIZING THE USE OF SPECIFIC ANNEXATION INCENTIVES TO BE
USED FOR THE GROWTH OF THE CITY OF PADUCAH
WHEREAS, The Board of Commissioners for the City of Paducah finds:
That Annexation Incentives will attract commercial, industrial and residential developments into
the City of Paducah.
That the City of Paducah's economic well-being is related to and in many respects dependent
upon, sustained growth of its population and tax revenue base through annexation of contiguous territories.
That Annexation Incentives will increase the revenue tax base necessary to meet various capital
needs, maintain infrastructure & facilities, promote economic development and will aid in the maintenance
of existing infrastructure & facilities.
That Annexation Incentives will help maintain growth, which encourages a healthy economy.
That Annexation Incentives will increase the population base of the City of Paducah, therefore
increasing the possibilities of becoming a designated urbanized area.
That Annexation Incentives will promote filling in unincorporated gaps between incorporated
areas that are presently served with City of Paducah services; and
WHEREAS, it is the intent of the Board of Commissioners to enact an ordinance providing for
annexation incentives to be offered by the City of Paducah as aforementioned stated.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY OF PADUCAH, KENTUCKY, AS
FOLLOWS:
SECTION 1 Incentives. The City of Paducah may develop and utilize incentives to offer
consensually annexed property owners meeting the requirements of KRS 81 A.412 including but not limited
10
A. Property Tax Rebate Incentive. This incentive will reimburse a property owner the City
of Paducah real estate property tax revenues collected for five years with a defined
beginning and ending date as approved by the Board of Commissioners within a
Memorandum of Agreement with the property owner.
B. Sanitation Incentive. This incentive will allow for the City to provide free basic
sanitation service for up to one year up to $10,000.00 with specific conditions to be outlined
within a Memorandum of Agreement with the property owner.
C. Closing Cost Incentive. This incentive will allow a one-time lump sum payment to a
property owner equal to the amount of closing costs with a cap of $1,000.00 with the
explicit intent to sell the property once it is in the City limits with specific conditions to be
outlined within a Memorandum of Agreement with the property owner.
SECTION 2. Conflicts. All ordinances, resolutions, orders or parts thereof in conflict with the
provisions of this Ordinance are, to the extent of such conflict, hereby repealed and the provisions of this
Ordinance shall prevail and be given effect.
SECTION 3. Severability. If any section, paragraph or provision of this Ordinance shall be held
to be invalid or unenforceable for any reason, the invalidity or unenforceability of such section, paragraph or
provision shall not affect any of the remaining provisions of this Ordinance.
SECTION 4. Effective Date. This ordinance shall be read on two separate days and will
become effective upon summary publication�piv,j i1 Yo KIS Chapter 424.
George Bray, Mayor
ATT T:
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indsay Parish, ity Clerk
Introduced by the Board of Commissioners, December 14, 2021
Adopted by the Board of Commissioners, January 11, 2022
Recorded by Lindsay Parish, City Clerk, January 11, 2022
Published by The Paducah Sun, January 14, 2022
ORD/Annexation Incentives 2022