HomeMy WebLinkAboutMO #2480A MUNICIPAL ORDER DECLARING THE REAL PROPERTY
LOCATED AT 513 NORTH 14TH STREET PADUCAH, KENTUCKY TO BE
SURPLUS PROPERTY, TRANSFERRING THE PROPERTY WITHOUT
COMPENSATION TO MIDTOWN ALLIANCE OF NEIGHBORS FOR ECONOMIC
DEVELOPMENT PURPOSES, AND AUTHORIZING THE MAYOR TO EXECUTE
THE DEED AND ALL DOCUMENTS RELATED TO SAME
WHEREAS, pursuant to Section 2-668 of the Code of Ordinances of the
City of Paducah, Kentucky, a written determination has been made that the City does not
have any use at this time or in the future for property located at 513 North 14th Street,
Paducah, KY, which constitutes surplus real estate; and
WHEREAS, it is recommended that the City of Paducah accept the
request of the Midtown Alliance of Neighbors to transfer the property in accordance with
KRS 82.083(4)(b), and subject to the standard clause applied in the Fountain Avenue
Revitalization Area, stating that the property would revert back to the City if the owner
fails to comply with the submitted proposal and fails to substantially complete the project
within two years; and
WHEREAS, the City desires to accept the proposal of Midtown Alliance
of Neighbors, to make improvements to the property and build a three-bedroom, two bath
home, with a proposed investment in the amount of $188,000.
KENTUCKY:
NOW THEREFORE, BE IT ORDERED BY THE CITY OF PADUCAH,
SECTION 1. The Board of Commissioners hereby declares the property
located at 513 North 14th Street, Paducah, Kentucky, to be surplus property as it relates
to the operations of the City, and authorizes the transfer of the property to Midtown
Alliance of Neighbors in accordance with the proposal of Midtown Alliance of Neighbors
on June 10, 2021. Further, it is determined that it is necessary and desirable and in the
best interest of the City to execute the consideration certificate contained in said deed of
conveyance.
SECTION 2. The Mayor is hereby authorized to execute the deed of
conveyance and any necessary documents to complete the transfer of the real property
approved in Section 1 above.
SECTION 3. This Order shall be infull forc effect from and after
the date of its adoption.
7
George Bray, Mayor
AT�TES,T:
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`Z indsay Parish, Pity Clerk
Adopted by the Board of Commissioners, July 13, 2021
Recorded by Lindsay Parish, City Clerk, July 13, 2021
\mo\prop sale— 513 North 14th Street, Paducah, KY