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HomeMy WebLinkAbout97-1-562851 ORDINANCE NO. 97-01-56,A%? AN ORDINANCE AUTHORIZING THE MAYOR TO EXECUTE A QUITCLAIM DEED BETWEEN THE PADUCAH-McCRACKEN COUNTY CONVENTION CENTER CORPORATION AND THE CITY OF PADUCAH FOR ACQUISITION BY THE CITY OF REAL PROPERTY LOCATED AT 122-124 BROADWAY IN THE CITY OF PADUCAH, MCCRACKEN COUNTY, KENTUCKY BE IT ORDAINED BY THE CITY OF PADUCAH, KENTUCKY: SECTION 1. The Mayor is hereby authorized to execute a Quitclaim Deed for the purchase of real property by the City of Paducah from the Paducah -McCracken County Convention Center Corporation for the sum of $1.00, for property located at 122-124 Broadway in the City of Paducah, McCracken County, Kentucky. SECTION 2. This property is more particularly described as follows: Being part of Lot Nos. 55 and 56 in Block No. 6, Old Town, commencing on the south side of Broadway, at a point 40 feet west of the intersection of Broadway and Maiden Alley; thence toward Second Street 32 feet; thence at right angles toward Court Street (now Kentucky Avenue) 67-3/4 feet; thence at right angles toward Maiden Alley 32 feet; thence at right angles 67-3/4 feet to the beginning. SECTION 3. The City of Paducah hereby grants to McCracken County an option to purchase one-half interest in the above-described real property. SECTION 4. This ordinance shall be read on two separate days and will become effective upon summary publication pursuant to KRS Chapter 424. ATTEST: eco ity Clerk Mayo Introduced by the Board of Commissioners January 14, 1997 Adopted by the Board of Commissioners January 28, 1997 Recorded by Lenita Smith, City Clerk, January 28, 1997 Published by The Paducah Sun.-. I� ord / rea 1 e s t 5.4