HomeMy WebLinkAboutMO #2691MUNICIPAL ORDER NO. 2691
A MUNICIPAL ORDER DECLARING THE REAL PROPERTY LOCATED
AT 1645 MARTIN LUTHER KING JR. DRIVE TO BE SURPLUS
PROPERTY, ACCEPTING THE BID OF G SQUARED PROPERTIES OF
PADUCAH, LLC IN THE AMOUNT OF $250 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 1645 Martin
Luther King Jr. Drive, 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; and
WHEREAS, the City desires to accept the bid of G Squared Properties of
Paducah, LLC, who proposes to construct a single-family dwelling home, with a total proposed
investment of $142,750.
KENTUCKY:
NOW THEREFORE, BE IT ORDERED BY THE CITY OF PADUCAH,
SECTION 1. The Board of Commissioners hereby declares the property
located at 1645 Martin Luther King Jr. Drive 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 the purchase of real property located at 1645 Martin
Luther King Jr. Drive.
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/bd kffect from and after the
date of its adoption.
I
AT T:
L' say Parish, Qity Clerk
Adopted by the Board of Commissioners, January 10, 2023
Recorded by Lindsay Parish, City Clerk, January 10, 2023
\mo\prop sale— 1645 Martin Luther King Jr. Drive