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HomeMy WebLinkAbout2015-09-8299ORDINANCE NO. 2015-9-8299 AN ORDINANCE AUTHORIZING AND APPROVING THE SALE OF SURPLUS MUNICIPALLY OWNED REAL PROPERTY LOCATED AT 421 NORTH 5TH STREET, PADUCAH, MCCRACKEN COUNTY, KENTUCKY, FOR PURPOSES OF REDEVELOPMENT AND REVITALIZATION IN THE LOWERTOWN NEIGHBORHOOD WHEREAS, the City of Paducah ("City") is the present owner of certain surplus real property with improvements located at 421 North 5t` Street, Paducah, McCracken County, Kentucky, and is more particularly described in the attached Exhibit "A," (the "Property"); and WHEREAS, City has determined that the Property is no longer necessary, appropriate, or in the best interests of the operations of the City and its citizens and that the Property should be sold as surplus real estate; and WHEREAS, the City offered the Property for sale as surplus property in accordance with KRS 82.083 and the sealed bidding procedure set forth in the City of Paducah Codes of Ordinance Section 2-668; and WHEREAS, Adam Moyers and Brandi Harless, were the successful bidders offering to purchase the property for a purchase price in the amount of $1.00 and its commitment to invest up to $175,984.00 in the complete rehabilitation of the improvements located on the Property in accordance with designs and plans to be approved by the Historical and Architectural Review Commission of the City; and NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF COMMISSIONERS OF THE CITY OF PADUCAH, KENTUCKY: Section 1. Recitals and Authorizations. The Board of Commissioners hereby declares the Property to be surplus property as it relates to the operations of the City. Further, the Board of Commissioners hereby approves the sale of the Property to Adam Moyers and Brandi Harless, for a purchase price in the amount of $1.00 and their commitment to invest up to $175,984.00 in the complete rehabilitation of the improvements located on the Property in accordance with designs and plans to be approved by the Historical and Architectural Review Commission of the City. That the Mayor of the City of Paducah, Kentucky, be and is hereby authorized to execute and deliver a special warranty deed of conveyance of the Property with a reverter provision, together with all other documentation necessary to effectuate the sale and transfer of the Property. Section 2. Severability. If any section, paragraph or provision of this Ordinance shall be held to be invalid or unenforceable for any reason, the invalidity or unenforceability of such section, paragraph or provision shall not affect any of the remaining provisions of this Ordinance. Section 3. Compliance With Open Meetings Laws. The City Commission hereby finds and determines that all formal actions relative to the adoption of this Ordinance were taken in an open meeting of this City Commission, and that all deliberations of this City Commission and of its committees, if any, which resulted in formal action, were in meetings open to the public, in full compliance with applicable legal requirements. Section 4. Conflicts. All ordinances, resolutions, orders or parts thereof in inflict with the provisions of this Ordinance are, to the extent of such conflict, hereby repealed ...nd the provisions of this Ordinance shall prevail and be given effect. Section 5. Effective Date. This ordinance shall be read on two separate days and will become effective upon summary publication pursuant to KRS Chapter 424. ► A ATTEST: A Tammara S. Sanderson, City Clerk Introduced by the Board of Commissioners, September 15, 2015 Adopted by the Board of Commissioners, September 22, 2015 Recorded by Tammara S. Sanderson, City Clerk, September 22, 2015 Published by The Paducah Sun, September 25, 2015 \ord\plan\prop sale -421 N 50 405 EXHIBIT A TO ORDINANCE THE PROPERTY A CERTAIN LOT OR PARCEL OF LAND, TOGETHER WITH ALL RIGHTS, EASEMENTS, IMPROVEMENTS AND APPURTENANCES THEREUNTO BELONGING, THE SAME LYING AND BEING IN THE CITY OF PADUCAH, COUNTY OF McCRACKEN, AND STATE OF KENTUCKY, AND MORE PARTICULARLY DESCRIBED AS FOLLOWS, TO WIT: BEING A PART OF ORIGINAL LOT NUMBER 120 OF BLOCK NUMBER 19, LOWER TOWN OR ADDITION "D" TO THE CITY OF PADUCAH, KENTUCKY, AND BEGINNING AT A POINT ON THE WESTERLY LINE OF FIFTH STREET, 141 FEET 7-1/2 INCHES FROM THE SOUTHWEST CORNER OF THE INTERSECTION OF FIFTH AND HARRISON STREETS; THENCE IN A WESTERLY DIRECTION AND AT RIGHT ANGLES TO FIFTH STREET 173-1/4 FEET TO THE CENTER LINE OF THE BLOCK; THENCE AT RIGHT ANGLES AND TOWARDS MADISON STREET 31 FEET, 7-1/2 INCHES; THENCE AT RIGHT ANGLES AND TO FIFTH STREET 173-1/4 FEET; THENCE AT RIGHT ANGLES AND WITH THE LINE OF FIFTH STREET, 31 FEET 7-1/2 INCHES TO THE POINT OF BEGINNING. BEING PART OF THE SAME PROPERTY CONVEYED TO CITY OF PADUCAH, KENTUCKY, FOR THE USE AND BENEFIT OF THE MAIN STREET DEPARTMENT OF THE CITY OF PADUCAH, WHICH DEPARTMENT OPERATES PADUCAH RENAISSANCE ALLIANCE, A NATIONAL MAIN STREET PROGRAM, A MUNICIPAL CORPORATION OF THE HOME RULE CLASS EXISTING UNDER THE LAWS OF THE COMMONWEALTH OF KENTUCKY, BY DEED DATED AUGUST 15, 2012, OF RECORD IN DEED BOOK 1238, PAGE 334, MCCRACKEN COUNTY COURT CLERK'S OFFICE.