HomeMy WebLinkAboutMO #2878ulL 1 a no-PIT51W11061K.W.
A MUNICIPAL ORDER DECLARING THE REAL PROPERTY LOCATED AT 815 SOUTH
FIFTH STREET, PADUCAH, KENTUCKY TO BE SURPLUS PROPERTY, ACCEPTING
THE BID OF DONALD HOLLOWELL OF BLACK OWL HOME BUILDERS, LLC IN THE
AMOUNT OF ONE DOLLAR ($1) 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 properties located at 815 South
Fifth Street, Paducah, Kentucky, which constitutes surplus real estate; and
WHEREAS, the City advertised for bids on several occasions, the last time being
in May, 2022, and no bids were received; and
WHEREAS, KRS 82.083(5) states that "if a city received no bids for real or
personal property, either at public or electronic auction or by sealed bid, the property may be
disposed of, consistent with the public interest, in any manner deemed appropriate by the City;"
and
WHEREAS, Donald Hollowell of Black Owl Home Builders, LLC submitted a
request to purchase the property for $1 to construct an energy-efficient 3 -bedroom, 2 -bath home
on the vacant lot with a total proposed investment of $200,000; and
WHEREAS, the City desires to accept the proposal for sale to Donald Hollowell
of Black Owl Home Builders LLC, in the total amount of One Dollar ($1).
KENTUCKY:
NOW THEREFORE, BE IT ORDERED BY THE CITY OF PADUCAH,
SECTION 1. The Board of Commissioners hereby declares the property located
at 815 South Fifth 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 Donald Hollowell of
Black Owl Home Builders, LLC in the amount of One Dollar ($1) for the purchase of real
property located at 815 South Fifth 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 anUffect from and after the date
of its adoption.
(0,
/ ATTEST:
l/ mdsay Parish, 6ity Clerk
Adopted by the Board of Commissioners, April 9, 2023
Recorded by Lindsay Parish, City Clerk, April 9, 2023
\mo\prop sale— 815 South Fifth Street