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HomeMy WebLinkAboutOrdinances Book 14, Page 44, No Resolution Number44 / v A RESOLUTION DETERMINING THAT THE RIVERSIDE HOSPITAL PROPERTY IS NO LONGER NEEDED TO CARRY OId A GOVERNMENTAL FUNCTION OF THE CITY OF PADUCAH, KENTUCKY; AUTHORIZING THE CORPORATION COUNSEL TO PREPARE A RESOLUTION AND A14Y OTIER NECESSARY DOCUI,IENTS TO ADVERTISE FOR BIDS FOR THE SALE OF SAID PROPERTY; AND PROVIDING THE TERMS AND CONDITIONS OF SUCH SALE ;^IiIEREAS, the City of Paducah is the owner of land, buildings, equipment and supplies known as Riverside Hospital property; which hospital is being operated under provisions of Chapter 216 of Kentucky Revised Statutes, and :WHEREAS, the expenses to the City and the taxpayers thereof of such operation have increased over a period of years, and [WHEREAS, it is the opinion of the Board of Commissioners of the City that such hospital property could be operated by a non-profit organization in such manner as would be as much or more benefitial to the public at large and at much less expense to the City and the taxpayers thereof, and [WHEREAS, Kentucky Revised Statutes 65.010 provides any city may sell and convey any real estate owned by it upon a determination by the legislative body that said real estate is no longer needed to carry on the governmental functions of such city. NOl THEREFORE, BE IT RESOLVED BY THE BOARD OF COIjIISSIONERS OF THE CITY OF PADUCAH, IENTUCKY: SECTION 1. It is hereby determined that the real estate owned by the City of Paducah known as Riverside Hospital property is no longer needed to carry on the governmental functions of the City; that it would be of more benefit to the public at large, the City and its taxpayers if such property was owned and operated by a non- profit organization; if such organization would give to the City a discount on its hospitalization cost of authorized city charity patients over a period of yeard. SECTIOI: 2. That such Riverside Hospital property be offered for sale to a non-profit organization, by which is meant an association no part of the net earnings of which inures, or may lawfully inure to the benefit of any private shareholder or individual; and that such offer shall contain substantially the following terms and conditions: a. No bid or proposal for less than ,,x251,000.00 cash will be considered. 0 45 b. All bids or proposals shall state the percentage of discount from the prevailing rate for all hospital services to be allowed to the city for its authorized charity services over a period of twenty (20) years. c. The Riverside Hospital property referred to herein briefly described as follows: The parking lot property at the north wrest corner of 4th & Clay Streets, The land, buildings, equipment and supplies situated at the north east corner of 4th and Clay Streets, such land being bounded on the west by 4th Street, on the south by Clay Street, on the north and east by the floodwall right of way. d. Because of the fact Federal grants under the Hill -Burton Act have been used in the construction of the hospital building and the purchase of certain equipment, any successful bidder must be certified by the proper officials to be qualified for ownership of said property under said Act, e. The e:_isting bonded indebtedness against the property in the stun of ,:24.1,000,00 with interest from January 1, 1959 will be paid from the aforesaid minimum sale price of N*a251,000.00, f. Included with the assets to be sold will be all notes and accounts receivable owing to the hospital, which as of April 19, 1959 amounted to •."122,129.4.2. As of the time of closing the sale any increase in said amount is to be added to the purchase price, and any decrease shall be deducted from the purchase price. g. The purchaser shall assume all notes and accounts payable owing by the hospital, which as of April 19, 1959 amounted to ;52,$9$.01. As of the time of closing the sale any increase in said amount is to be deducted from the purchase price, and any de- crease shall be added to the purchase price, h. Some of the equipment in connection with the hospital is surplus acquired from the Department of Education, Division of Property Utilization, Frankfort, Kentucky, and such surplus property will not be transferred except under proper authorization from said department. i. Restricted supplies such as narcotics and alcohol will not be transferred except under authorization of the proper authorities. SECTION 3_ Any non-profit organization submitting a bid _ EED or proposal under the terms and conditions of Section 2 hereof may 46 submit an additional proposal to assume the payment of the out- standing Riverside Hospital Revenue Bonds in the sum of .;241,000.00 and accrued interest from January 1, 1959, such amount to be deducted from its cash offer, provided such proposal is approved in a legal manner by the holder or holders of such revenue bonds and the City is legally relieved from all of its covenants and obligations to such holder or holders of such bonds. SECTION 4. The Board of Commissioners shall have the right to reject any or all bids or proposals. SECTION 5. The Corporation Counsel is hereby directed and authorized to prepare a resolution authorizing the city Manager to advertise for bids for the disposal of said hospital property under the herein terms and conditions, and to prepare any other documents in connection therewith for submission to the Board of Commissioners. SECTION 6. This resolution shall be in full force and effect from and after its adoption. p •Mayo Passed by the Board of Commissioners April 28, 1959 Recorded by Sarah Thurman, City Clerk, April 28, 1959.