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HomeMy WebLinkAboutOrdinances Book 14, Page 59, No Resolution Number59/ A RESOLUTION AUTHORIZING AND DIRECTING THE CITY MANAGER TO ADVERTISE FOR BIDS OR PROPOSALS FOR THE SALE BY THE CITY OF PADUCAH, IENTUCKY OF RIVERSIDE HOSPITAL PROPERTY TO A 1101I -PROFIT ORGA'•1IZATION; PROVIDING TIME TER4S AND CONDITIONS OF SUCH SALE I'MREAS, by resolution adopted on April 2$, 1959 by the Board of Commissioners of the City of Paducah, Kentucky, it was determined that the Riverside Hospital property is no longer needed to carry on a governmental function of such city, and that it would be of more benefit to the public at large, the City of Paducah 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 years. N0'V THEREFORE, BE IT RESOLVED BY THE BOARD OF CUP911ISSIONER3 OF THE CITY OF PADUCAH, KENTUCKY: SECTION 1. That the City Manager be, and he is hereby, authorized and directed to advertise for bids or proposals for the sale by the City of Paducah, Kentucky of its Riverside Hospital property, hereinafter described; to a non-profit or- ganization, 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. All bids or proposals made shall be subject to and comply with the hereinafter terms and conditions and any sale of such property made by the City shall be in conformity therewith: a. All bids or proposals shall be for a cash purchase price and none less than ;;251,000.00 will be considered. 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 from the date of the transfer of ownership; and such agreement from the purchaser shall be in- corporated in any deed of conveyance executed by the City. c. The Riverside Hospital property referred to herein is described as follows: The parking lot property at the north west corner of 4th and Clay Streets described as follows: ME Beginning at a point 90 feet west of the northwest corner of the intersection of 4th Street and Clay Street; thence in a westerly direction and along the north property line of Clay Street 45 feet; thence in a northerly direction parallel with 4th Street 61 feet and 9 inches to the center of an 8 foot alley; thence in an easterly direction parallel with Clay Street and along the center line of said 8 foot alley, 45 feet; thence in a southerly direction parallel with 4th Street, 61 feet 9 inches to the point of beginning. Being the same property conveyed to the City of Paducah, Kentucky by Ray Barrow and his wife, Irene Elkins Barrow, by deed dated December 21st, 1944, and of record in Deed Book 282, page 527, P,cCracken County Court Clerk's office. and Beginning at the northwest corner of the inter- section of Fourth Street and Clay Street; thence in a westerly direction toward Fifth Street and along the north property line of Clay Street 90 feet; thence in a northerly direction and parallel with Fourth Street 65.75 feet; thence in an easterly direction and parallel with Clay Street 90 feet to the west property line of Fourth Street; thence in a southerly direction and along the west property line of Fourth Street 65.75 feet to the point of beginning. Being the same property conveyed to the.City of Paducah, Kentucky by James Gillen and wife, Marie Gillen, by deed dated November 10, 1944, and of record in Deed Book 282, page 529, I%TcCracken County Court Clerk's office. and Beginning at a point 135 feet west of the northwest corner of the intersection of 4th Street and Clay Street; thence in a westerly direction along the North property line of Clay Street 31 feet; thence in a northerly direction and parallel with 4th Street 61 feet and 9 inches to the center of an 8 foot alley; thence in an easterly direction and parallel with Clay Street and along the center line of said alley 31 feet to a point in the Barrow line; thence with the barrow line in a southerly direction and parallel with 4th Street 61 feet and 9 inches to the point of beginning. Being the same property conveyed to the City of Paducah, Kentucky by Owen M. Martin and his wife, Dora Martin, by deed dated December 21st, 1944 and of record in Deed Book 282, page 531, McCracken County Court Clerk's office. The land, hospital building, equipment and supplies situated at the north east corner of 4th and Clay Streets in Paducah, Kentucky, said land being described as follows: Beginning at the north east corner of the inter section of Fourth Street and Clay Street; thence in a northerly direction toward Park Avenue and aith the east property line of Fourth Street 315.63 feet to a point 25 feet south of the inside face of the existing concrete floodwall; thence at an Cil interior angle of 89 degrees 57-31LF minutes in an easterly direction and parallel with said floodwall 156.08 feet to a point 13.5 feet from and at right angles to the inside face of the concrete floodwall; thence at an interior angle of 106 degrees 19 minutes a distance of 32$.71 feet to the north property line of Clay Street; thence at an interior angle of 73 degrees 1;9-1/4 minutes in a westerly direction and with the north property line of Clay Street 248.22 feet to the point of beginning. Being a part of the same land conveyed to the City of Paducah, Kentucky by George W. Norton, Executor, by deed dated August 121 1904, and of record in Deed Book 73, -page 437 in the McCracken County Court Clerk's office; and a part of the same land conveyed to the City of Paducah, Kentucky by Charles T. Graham, et al by deed dated August 9, 1904, and of record in Deed Book 89, page 9, in said Clerk's office. However an easement is to be retained, and is retained, by the City of Paducah upon and over a strip of said land ten (10)feet in width on the east side of same along its full length from Clay Street northwrardly toward Park Avenue, which easement is for sewer and floodwall purposes, and no building or obstruction of any kind shall be placed upon same. 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 existing bonded indebtedness against the property in the sum of •;)241,000.00 with interest from January 1, 1959 will be paid from the aforesaid minimum sale price of 5x251,000.00. 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 y'122,129,42. 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, whibh as of April 19, 1959 amounted to 5¢52,898.01. As of the time of closing the sale any increase in laid 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 Restricted supplies such as narcotics and alcohol will not be transferred except under authorization of the proper authorities. 62 j. Upon acceptance of any bid or proposal by an ordinance adopted by the Board of Commissioners of the City, and compliance by the purchaser of all terms and conditions set out herein, and set out in such ordinance, the purchaser shall deposit the entire cash purchase price in ascrow with Citizens' Bank & Trust Company of Paducah, Kentucky; and at the same time the City will place in escrow with said bank its executed deed and bill of sale conveying the above set out property and assets to the purchaser. Thereupon From such purchase price proceeds said bank will immediately redeem and pay the entire outstanding bonded indebt- edness against said hospital property known as "Municipal Hospital Revenue Bonds, Series of 195211, which bonds were authorized by an ordinance adopted by the Board o£c"Commissioners of the City of Paducah on duly 8, 1952, in the principal amount of and all acdrued interest thereon, and the 20 pre -payment privilege charge as provided by the terms of said bonds, all of which are owned and held by Idodern Woodmen of America of Rock Island, Illinois. Upon the redemption of said bonds, interest and charges thereon, said bank will deliver the aforesaid deed and bill of sale to the purchaser and will pay to the Treasurer of the City of Paducah the remaining balance of the purchase price proceeds. k. The Board of Commissioners of the City of Paducah expressly reserve the right to reject any and all bids or proposals, and shall not be obligated to any bidder in any manner until the adoption of an ordinance authorizing the acceptance of a bid or proposal and the sale of said property and assets. 1. No bid or proposal shall be considered unless submitted under seal by a non-profit organization as hereinbefore defined. SECTION 2. The City Manager shall advertise for sealed bids by posting a notice at the City Hall door, and by inserting notice of the.request for bids or proposals in at least three (3) issues of the Sun Democrat to be published once a week for three (3) consecutive weeks. No bid shall be poened until the hour fixed in the notice for the opening of same, and no bid shall be received after such hour. All bids or proposals received by the City Manager up to the time fixed in the notice for the opening of same shall be filed with the Board of Commissioners of 'the City for its consideration. SECTIO:? 3. This llesoluti n shall be in full force and effect from and 7f— r its adoption. i-iayor Passed by the Board of Commissioners I•Iay 12, 1959 Recorded by Sarah Thurman, City Clerk, Iiay 12, 1959.