HomeMy WebLinkAboutMO #2690MUNICIPAL ORDER NO. 2690
A MUNICIPAL ORDER DECLARING THE REAL PROPERTY LOCATED
AT 416 AND 418 NORTH 13TH STREET TO BE SURPLUS PROPERTY,
ACCEPTING THE BID OF G SQUARED PROPERTIES OF PADUCAH, LLC
IN THE AMOUNT OF $250 FOR EACH LOT FOR A TOTAL BID 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 416 and 418
North 13th Street, which constitutes surplus real estate; and
WHEREAS, the City advertised for bids on several occasions, the most recent
being on April 30, 2022, and no bids were received by the deadline of 4:00 p.m. on May 25,
2022;and
WHEREAS, on November 23, 2022, G Squared Properties of Paducah, LLC
submitted a bid including an offer to purchase the property for $250 for each lot, for a total bid of
$500; and
WHEREAS, the City desires to accept the bid of G Squared Properties of
Paducah, who proposes to construct a single-family dwelling home, with a total proposed
investment of $163,000.
KENTUCKY:
NOW THEREFORE, BE IT ORDERED BY THE CITY OF PADUCAH,
SECTION 1. The Board of Commissioners hereby declares the property
located at 416 and 418 North 13th Street to be surplus property as it relates to the operations of
the City. Further, the Board of Commissioners hereby accepts the bid of G Squared Properties of
Paducah, LLC in the amount of $250 for each lot for a total bid of $500 for the purchase of real
property located at 416 and 418 North 13th Street.
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 foILOA,
ect from and after the
date of its adoption.
Mayor
AT ST:
mdsay Parisq City Clerk
Adopted by the Board of Commissioners, January 10, 2023
Recorded by Lindsay Parish, City Clerk, January 10, 2023
\mo\prop sale— 416 and 418 North 13th Street