HomeMy WebLinkAbout99-4-6015ORDINANCE NO. 99-4-6015
AN ORDINANCE PROVIDING AUTHORITY TO THE MAYOR TO EXECUTE ON
BEHALF OF THE CITY A DEED AND OTHER NECESSARY DOCUMENTS TO
FACILITATE THE PURCHASE OF THE PROPERTY LOCATED AT 122 N. 5TH
STREET FROM COLUMBIA AMUSEMENT COMPANY
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WHEREAS, revitalization of the Downtown area of Paducah is important
to the City of Paducah, Kentucky; and,
WHEREAS, unoccupied buildings in the City of Paducah Downtown area
affect the City of Paducah, Kentucky and present an opportunity for Downtown
development; and,
WHEREAS, the City has entered into a Contract to Purchase the property
located at 122 N. 5th Street;
WHEREAS, the City of Paducah, Kentucky, through its Board of
Commissioners, has determined that the purchase of this real property is in the public
interest and will assist with continued Downtown revitalization.
BE IT ORDAINED BY THE CITY OF PADUCAH, KENTUCKY:
SECTION 1. That the Mayor, on behalf of the City of Paducah, Kentucky,
is hereby authorized to execute a Deed and any other documents necessary for the purchase
of the property located at 122 N. 5th Street from Columbia Amusement Company.
j SECTION 2. That time is of the essence in preserving the sale of the
property to Duke & Long Distributing Company, Inc., a ready, willing and able Purchaser,
which will enhance the economic development of the Downtown area of Paducah, and in
order to complete the project proposed by Duke & Long during the current construction
season, an emergency is hereby declared to exist and this ordinance shall become effective
immediately with one reading.
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ATTEST:
City Clerk
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Introduced and adopted by the Board of Commissioners April 5, 1999
Recorded by Lenita Smith, City Clerk, April 5, 1999
Published by The Paducah Sun April 9, 1999
I hereby certify that the above is a true and correct copy of an ordinance
adopted by the City of Paducah on April 5, 1999.
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en4Sth,City Clerk
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