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HomeMy WebLinkAbout91-4-4593ORDINANCE NO. 91-4-4593 AN ORDINANCE AUTHORIZING AND DIRECTING THE MAYOR TO EXECUTE A LEASE AGREEMENT BETWEEN THE CITY OF PADUCAH AND PURCHASE RECOVERY, INC. FOR PROPERTY LOCATED ON TWENTY SECOND STREET WHEREAS, the City of Paducah is owner of certain real property located at on Twenty Second Street, between B and C Streets; and WHEREAS, it is the desire, intent and plan of the City of Paducah to lease the aforesaid tract of real property to Purchase Recovery, Inc. BE IT ORDAINED BY THE CITY OF PADUCAH, KENTUCKY: SECTION 1. The Mayor is authorized and directed to execute a Lease Agreement with Purchase Recovery, Inc. for certain real property owned by the City of Paducah, which is located on Twenty Second Street between B and C Streets. SECTION 2. This Lease Agreement is attached hereto and incorporated by reference herein as if set out in its entirety. SECTION 3. This ordinance shall be read on two separate days and will become effective upon publication of title and a certified summary thereof. GERRY B. MONTGOMERY Mayor Introduced by the Board of Commissioners March 26, 1991 Adopted by the Board of Commissioners April 9, 1991 Recorded by Lenita Smith, City Clerk, April 9, 1991 Published in The Paducah Sun April 18, 1991. ord/lease 2 118