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HomeMy WebLinkAboutMO # 1778MUNICIPAL ORDER NO. 1778 A MUNICIPAL ORDER ACCEPTING THE PROPOSAL OF MARTIN AND CRYSTAL TROUTT IN THE AMOUNT OF $1 FOR PURCHASE OF THE REAL PROPERTY LOCATED AT 433-435 NORTH 4TH STREET AND AUTHORIZING THE MAYOR TO EXECUTE A DEED FOR SAME WHEREAS, pursuant to 2-668 of the Code of Ordinances of the City of Paducah, Kentucky, a written determination has been made by the City Manager that the City does not have any use at this time or in the future for property located at 433-435 North 4t' Street, which constitutes surplus real estate; and WHEREAS, the City advertised for Request for Proposals on June 8, 2014 and opened proposals on June 17, 2014; and WHEREAS, two proposals were received from ETC Development, LLC and Martin and Crystal Troutt for the development of the property located at 433-435 North 4t' Street; and Troutt. WHEREAS, the City desires to accept the proposal of Martin & Crystal BE IT ORDERED BY THE CITY OF PADUCAH, KENTUCKY: SECTION 1. That the City of Paducah accepts the proposal of Crystal and Martin Troutt in the amount of $1 for the purchase of real property located at 433- 435 North 4t' Street. SECTION 2. The Mayor is hereby authorized to execute a deed and any necessary documents relating to same to complete the sale of the real property approved in Section 1 above. SECTION 3. This Order shall be in full force and effect from and after the date of its adoption. ATTEST: Tammara S. Sanderson, City Clerk Adopted by the Board of Commissioners, June 24, 2014 Recorded by Tammara S. Sanderson, City Clerk, June 24, 2014 \mo\prop sale -433-435 North 4th St-Troutt I C --tP, /,/, y P11A Mayor .0