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HomeMy WebLinkAboutMO # 1684MUNICIPAL ORDER NO. 1684 A MUNICIPAL ORDER APPROVING THE TRANSFER OF REAL PROPERTY LOCATED AT 1400 MARTIN LUTHER KING JR DRIVE TO HUTCHESON PROPERTIES, LLC DBA 5H TECHNOLGIES FOR COMMERICAL DEVELOPMENT, FOR AND IN CONSIDERATION OF THE SUM OF ONE DOLLAR ($1.00), AND AUTHORIZING THE MAYOR TO EXECUTE A QUITCLAIM 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 1401 Martin Luther King Jr. Drive, which constitutes surplus real estate. BE IT ORDERED BY THE CITY OF PADUCAH, KENTUCKY: SECTION 1. The City of Paducah hereby approves the transfer of real property located at 1401 Martin Luther King Jr. Drive to Hutcheson Properties, LLC DBA 5H Technologies commercial development, for and in consideration of the sum of One Dollar ($1.00). SECTION 2. The Mayor is hereby authorized to execute a Quit -Claim Deed and any necessary documents relating to same to transfer the real property to Hutcheson Properties, LLC. 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, August 28, 2012 Recorded by Tanunara S. Sanderson, City Clerk, August 28, 2012 \mo\ a.. , - F — - —-