HomeMy WebLinkAbout2013-09-8085ORDINANCE NO. 2013-09-8085
AN ORDINANCE OF THE CITY OF PADUCAH, KENTUCKY, APPROVING
A MEMORANDUM OF UNDERSTANDINGING FOR ECONOMIC INCENTIVES TO
SUPERIOR CARE HOMES, INC. TOWARD SEWER TAP ON FEE FOR THE
RELOCATION OF CORPORATE OFFICES AND REHABILITATION FACILITY TO THE
PADUCAH COMMERCE PARK AND AUTHORIZING THE MAYOR TO EXECUTE SAID
MEMORANDUM OF UNDERSTANDING
WHEREAS, Superior Care proposes to develop and relocate their corporate
offices and senior long-term care and short-term rehabilitation facility (the "Project") to a certain
21.22 acre tract of real property located at 100 Marshall Court within the Paducah Commerce
Park (formerly known as Information Age Park) within the boundaries of the City of Paducah,
McCracken County, Kentucky; and
WHEREAS, the Project will have a positive impact on the entire community by
stimulating the local economy, expanding the tax base, reducing unemployment by retaining 115
jobs, creating 25 new jobs, and investing $10 million; and
WHEREAS, the City strongly support the location of the Project in Paducah,
McCracken County, Kentucky; and
WHEREAS, in order to induce the acquisition, construction, installation, and
equipping of the Project by Superior Care the City has agreed to provide certain economic
incentives to Superior as provided in this MOU for purposes of defraying the costs of acquiring,
constructing, installing, and equipping the Project; and
WHEREAS, it is deemed necessary and advisable that this MOU be entered into
by the parties setting forth their agreement with respect to the acquisition, construction,
installation, and equipping of the Project and the economic incentives to be provided to partially
defray the costs thereof, and
WHEREAS, the economic incentives to be provided to Corporation are in
conformity with the "Guidelines For Providing Economic Incentives to Qualified Projects
Located Within the Boundaries of the City of Paducah" previously adopted by Municipal Order
No. 1035.
BE IT ORDAINED BY THE CITY OF PADUCAH, KENTUCKY:
SECTION 1. The Board of Commissioners does hereby approve the terms of the
Memorandum of Understanding between the City and Superior Care Homes, Inc., which defines
the City's commitment to give a cash grant in the amount of $20,000.00 as an economic
incentive toward sewer tap -on fees. In accordance with such approval, the Mayor of the City is
hereby authorized and directed to enter into a Memorandum of Understanding with Superior
Care Homes, Inc., which sets forth the terms of the City's commitment with regard to economic
incentives.
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SECTION 2. These funds shall be appropriated from the Investment Fund -
Reserve For Economic Development Incentives (004-0401-536-2307).
SECTION 3. Severability. If any section, paragraph or provision of this
Ordinance shall be held to be invalid or unenforceable for any reason, the invalidity or
unenforceability of such section, paragraph, or provision shall not affect any of the remaining
provisions of this Ordinance.
SECTION 4. Compliance With Open Meetings Laws. The City Commission
hereby finds and determines that all formal actions relative to the adoption of this Ordinance
were taken in an open meeting of this City Commission, and that all deliberations of this City
Commission and of its committees, if any, which resulted in formal action, were in meetings
open to the public, in full compliance with applicable legal requirements.
SECTION 5. Conflicts. All ordinances, resolutions, orders or parts thereof in
conflict with the provisions of this Ordinance are, to the extent of such conflict, hereby repealed
and the provisions of this Ordinance shall prevail and be given effect.
SECTION 6. Effective Date. This Ordinance shall be read on two separate days
and will become effective upon summary publication pursuant to KRS 424.
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ATTEST:
Tammara S. Sanderson, City Clerk
Introduced by the Board of Commissioners, September 17, 2013
Adopted by the Board of Commissioners, September 24, 2013
Recorded by Tammara S. Sanderson, City Clerk, September 24, 2013
Published by The Paducah Sun, October 2, 2013
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