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HomeMy WebLinkAbout95-10-5379348 ORDINANCE NO. 95-10-~3 ~ AN ORDINANCE AUTHORIZING AND DIRECTING THE MAYOR TO EXECUTE AN AGREEMENT AND TRANSFER OF OWNERSHIP BY AND BETWEEN THE CITY OF PADUCAH AND ELECTRIC PLANT BOARD OF THE CITY OF PADUCAH, D/B/A PADUCAH POWER SYSTEM, FOR TRANSFER TO PADUCAH POWER SYSTEM OF THE TRANSFORMERS SERVING PADUCAH FLOODWALL .~ ~ ~'~ PUMPS WHEREAS, the City presently owns and maintains the transformers which serve the Paducah floodwall pumps; and WHEREAS, the City desires Paducah Power System to assume ownership and maintenance responsibilities of these transformers, and Paducah Power System is willing to assume that responsibility. BE IT ORDAINED BY THE CITY OF PADUCAH, KENTUCKY: SECTION 1. That the Mayor is hereby authorized and directed to execute an Agreement and Transfer of Ownership by and between the City of Paducah and Electric Plant Board of the City of Paducah, d/b/a Paducah Power System, for transfer to Paducah Power of the transformers serving Paducah floodwall pumps. SECTION 2. This ordinance shall be read on two separate days and will become effective upon summary ~~'''^^~ publication pursuant to KRS Chapter 424. ~~ ATTEST: C' y Cle Introduced by the Board of Commissioners October 3, 1995 Adopted by the Board of Commissioners October~~ 995 Recorded by Lenita Sarantakos City Clerk, October~~A-, 1995 Published by The Paducah Sun /O-a3~ig5 ord/corn ract 5 . 1 Mayor t ~~)