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HomeMy WebLinkAbout91-11-4701390 ORDINANCE NO. 91-11-4701 AN ORDINANCE AUTHORIZING AND DIRECTING THE MAYOR TO EXECUTE A LEASE AGREEMENT BETWEEN THE COMMONWEALTH OF KENTUCKY AND THE CITY OF PADUCAH FOR PROPERTY KNOWN AS THE OLD WEST KENTUCKY VOCATIONAL -TECHNICAL SCHOOL WHEREAS, the Commonwealth of Kentucky owns and maintains property known as the Old West Kentucky Vocational -Technical School located in Paducah, McCracken County, Kentucky; and WHEREAS, the City of Paducah has requested that the Commonwealth lease this property to the City on a long-term basis; and f WHEREAS, the Secretary of the Finance and Administration Cabinet has determined that it would be in the best interest of the Commonwealth to lease said property to the City pursuant to certain terms and conditions. BE IT ORDAINED BY THE CITY OF PADUCAH, KENTUCKY: SECTION 1. The Mayor is hereby authorized and directed to execute a Lease Agreement with the Commonwealth of Kentucky for property known as the Old West Kentucky Vocational -Technical School. SECTION 2. This Lease Agreement is attached hereto and incorporated by reference herein as if set out in its entirety. SECTION 3. In order to comply with State requirements for timely execution of this lease, an emergency is hereby declared to exist and this ordinance will become effective immediately with one reading. SECTION 4. This ordinance will be published by summary pursuant to KRS Chapter 424. W\"' GERRY B. MONTGOMERY Mayor Introduced and adopted by the Board of Commissioners November 26, 1991 Recorded by Lenita Smith, City Clerk, November 26, 1991 Published in The Paducah Sun December 2, 1991. ord/lease 2