HomeMy WebLinkAboutMO #2506MUNICIPAL ORDER NO. 2506
A MUNICIPAL ORDER DECLARING THE REAL PROPERTY LOCATED AT 1011
BROADWAY TO BE SURPLUS PROPERTY, ACCEPTING THE BID OF TRYTON PROPERTIES
IN THE AMOUNT OF $500 FOR PURCHASE OF SAID REAL PROPERTY AND AUTHORIZING
THE MAYOR TO EXECUTE THE DEED AND ALL DOCUMENTS RELATED TO SAME
WHEREAS, pursuant to KRS 82.083, 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 1011 Broadway, which
constitutes surplus real estate; and
WHEREAS, the City advertised for bids on August 24, 2021, and two bids were received
and opened on August 25, 2021; and
WHEREAS, the City desires to accept the bid of Tryton Properties, who proposes an
investment of $50,000 to convert the property to a parking lot for the existing two buildings they
currently own, which they plan to convert into retail space.
NOW THEREFORE, BE IT ORDERED BY THE CITY OF PADUCAH, KENTUCKY:
SECTION 1. The Board of Commissioners hereby declares the property located at
1011 Broadway to be surplus property as it relates to the operations of the City. Further, the Board of
Commissioners hereby accepts the bid of Tryton Properties in the amount of $500 for the purchase of real
property located at 1011 Broadway.
SECTION 2. The Mayor is hereby authorized to execute a deed and any necessary
documents relating to same to complete the sale of the real property approved in Section 1 above.
SECTION 3. This Order shall be in full force and effect from and after the date of its
adoption.
ATTEST:
Lindsay Parish, C' Clerk
Adopted by the Board of Commissioners, September 28, 2021
Recorded by Lindsay Parish, City Clerk, September 28, 2021
\mo\prop sale 1011 Broadway