HomeMy WebLinkAboutMO #3318MUNICIPAL ORDER NO. 3318
A MUNICIPAL ORDER DECLARING THE REAL PROPERTY LOCATED AT 1417
BURNETT STREET, PADUCAH, KENTUCKY TO BE SURPLUS PROPERTY,
ACCEPTING THE BID OF JERAMIE SORINA OF KENTUCKY MODERN HOUSING
DEVELOPMENT, LLC 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 1417 Burnett
Street, Paducah, Kentucky, which constitutes surplus real estate; and
WHEREAS, the City advertised for bids in February 2026 and again in May
2026. No bids were received by the deadline;
WHEREAS, Jeramie Sorina of Kentucky Modern Housing Development, LLC
submitted a request to purchase the property located at 1417 Burnett Street for One Dollar
($1.00) to construct a duplex on this property, consisting of two (2) two-bedroom two -bathroom
units containing approximately 840 square feet. The estimated value of the proposed investment
is approximately $317,600, and the goal is to complete the project within one year of transfer of
title; and
WHEREAS, the City desires to accept the proposal for sale to Jeramie Sorina of
Kentucky Modern Housing Development LLC, in the amount of One Dollar ($1.00).
KENTUCKY:
NOW THEREFORE, BE IT ORDERED BY THE CITY OF PADUCAH,
SECTION 1. The Board of Commissioners hereby declares the property located
at 1417 Burnett 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 Jeramie Sorina of
Kentucky Modern Housing Development LLC in the amount of One Dollar ($1.00) for the
purchase of real property located at 1417 Burnett Street, Paducah, Kentucky. The deed shall
contain a reversionary clause providing that title shall revert to the Urban Renewal and
Community Development Agency if the project is not substantially completed in accordance
with the submitted proposal within one (1) year of conveyance.
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.
George Bray, Mayor
ATTEST: QlAAks
dsay P ris ty Clerk
Adopted by the Board of Commissioners, October 2, 2026
Recorded by Lindsay Parish, City Clerk, October 2, 2026
\mo\prop sale— 1417 Burnett Street