HomeMy WebLinkAboutOrdinances Book 13, Page 503, No Resolution Numberl�
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A RESCLUTION AUTHORIZING TIE, CITY MAPIAGER TO ADVERTISE
CERTAIN REAL ESTATE OF THE CITY OF PADUCAH FOR SALE AT PUBLIC
AUCTION; PRESCRIBING THE TERIJIS ANTD CONDITIONS UPON WHICH SAID
PROPERTY SHALL BE SOLD
BE IT RESOLVED BY THE BOARD OF CODR-IISSICHERS OF THE CITY OF
PADMUI, KE]HTUCKY:
SECTIOT 1. That the City Manager be, and he is hereby,
authorized to advertise for sale at public auction the following
set out property owned by the city of Paducah, Kentucky, known
as lots Mos. 9, 10 and 11 in Block 18 in the West End Improvement
Company Addition to Paducah, Kentucky, situated at the south east
corner of 27th and Broadway, each lot fronting 50 feet on the south
side of Broadway and running back 160.75 feet to an alley.
SECTION 2. The sale at public auction shall be conducted
by the City Tara ger in the Commission Chamber of the City Hall
at a day and hour to be fixed by him after having been advertised
by a notice posted up at the City Hall door and by advertising in
one issue of the Sun -Democrat at least ten days prior to the date of
sale.
SECTIOU3 . The City manager shall offer said lots for sale
separately and then as a whole and he shall report the highest bid
received to the Board of Commissioners who may either accept or reject
such bid and the City shall not be obligated to sell any of said
property on any bid submitted until an ordinance authorizing the
execution of a deed or deeds is adopted.
SECTIOI? 4_ The person m persons making the highest bid or
bids at said sale shall immediately after the sale, deposit an amount
equal to ten (10o') percent of the bid or bids and the balance of the
purchase price shall be paid in cash at the time any deed should be
authorized by ordinance and offered to the purchaser or purchasers, and
any and all deeds authorized by ordinance shall contain a provision
under which the City shall convey by special warranty subject to any
state of facts that might be shown by an accurate survey of the property.
SECTILE, 4. This Resolution shall be in full force and effect from
and after its adoption.
Passed by the Board of Commissioners I•arch 13, 1956
Recorded by Sarah Thurman, City clerk, i'arch 13, 1956.