HomeMy WebLinkAboutMO #2594MUNICIPAL ORDER NO. 2594
A MUNICIPAL ORDER DECLARING THE REAL PROPERTY LOCATED
AT 517 NORTH 14TH STREET, PADUCAH, KENTUCKY TO BE SURPLUS PROPERTY,
ACCEPTING THE BID OF PADUCAH ALLIANCE OF NEIGHBORS IN THE AMOUNT OF
ONE DOLLAR ($1.00) 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 517 North 14th
Street, Paducah, Kentucky, which constitutes surplus real estate; and
WHEREAS, the City advertised for bids on April 30, 2022, and one bid was
received and opened on May 26, 2022; and
WHEREAS, the City desires to accept the bid of Paducah Alliance of Neighbors,
in the amount of One Dollar ($1.00), who proposes to construct a single-family dwelling for pre-
qualified buyer, Eric Hoffman; and
WHEREAS, the Paducah Alliance of Neighbors proposes a total investment of
$177,640 including the following funding sources: KY Housing Corporation Homebuyer
Development Grant in the amount of $84,000, Homeowner Mortgage in the amount of $78,000
and City of Paducah Home Owner Incentive in the amount of $15,640.
KENTUCKY:
NOW THEREFORE, BE IT ORDERED BY THE CITY OF PADUCAH,
SECTION 1. The Board of Commissioners hereby declares the property
located at 517 North 14th Street, Paducah, Kentucky to be surplus property as it relates to the
operations of the City. Further, the Board of Commissioners hereby accepts the bid of Paducah
Alliance of Neighbors in the amount of One Dollar ($1.00) for the purchase of real property
located at 517 North 14th Street, Paducah, Kentucky.
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 effect from and after the
date of its adoption.
ATT ST:
P
Lindsay Parish, ty Clerk
Adopted by the Board of Commissioners, June 28, 2022
Recorded by Lindsay Parish, City Clerk, June 28, 2022
\mo\prop sale— 517 North 14th Street, Paducah, Kentucky