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HomeMy WebLinkAboutOrdinances Book 13, Page 635, No Ordinance Number635 AN ORDINANCE ACCEPTING THE BID OF DR. I'IALTER JOHNSON AND DR. JOE B. SPAULDING FOR THE PURCHASE OF PROPERTY AT THE SOUTH EAST CORNER OF 27TH STREET AND BROADWAY IN PADUCAH, KENTUCKY FROM THE CITY OF PADUCAH, KENTUCKY, AND PRESCRIBING THE TERMS AND CONDITIONS OF SALE BE IT ORDAINED BY THE BOARD OF COMMISSIONERS OF THE CITY OF PADUCAH, KENTUCKY: SECTION 1. That the bid of Dr. Walter Johnson and Dr. Joe B. Spaulding in the sum of •;15,000.00 for the purchase of the property at the south east corner of 27th Street and Broadway in Paducah, Kentucky owned by the City, be accepted, said property being de- scribed as follows: That certain parcel of land known as Lot Number 9 in Block 1 8 of the West End Improvement Companyts Addition to the City of Paducah, Kentucky, is bounded and described as follows: Commencing at the southeast corner of the intersection of Broadway and 27th Street; thence with the southerly line of Broadway in an easterly direction a dis- tance of 50 feet; thence at right angles in a southerly direction a distance of 160.75 feet to the northerly line of an alley; thence at right angles with the northerly line of said alley a distance of 50 feet to the easterly line of 27th Street; thence at right angles with the easterly line of 27th Street in a northerly direction a distance of 160.75 feet to the point of beginning. That certain parcel of land known as Lot Number 10 in Block 18 of the :gest End Improvement Company's Addition to the City of Paducah, Kentucky, is bounded and described as follows: Commencing at a point in the southerly line of Broadway, said point being 50 feet east of the southeast corner of the intersection of Broadway and 27th Street; thence with the southerly line of Broadway in an easterly direction a distance of 50 feet; thence at right angles • in a southerly direction a distance of 160.75 feet to the northerly line of an alley; thence at right angles with the northerly line of said alley in a westerly direction a distance of 50 feet; thenceat right angles in a northerly direction a distance of 160.75 feet to the point of beginning. That certain parcel of land known as Lot No. 11 in Block 18 of the West End Improvement Company's Addition to the City of Paducah, Kentucky, is bounded and described as follows: Commencing at a point in the southerly line of Broadway, said point being 100 feet east of the southeast corner of the inter- section of Broadway and 27th Street; thence with the southerly line of Broadway in an easterly direction a distance of 50 feet; thence at right angles in a southerly direction a distance of 160.75 feet to the northerly line of an alley; thence at right angles with the northerly line of said alley in a westerly direction a distance of 50 feet; thence at right angles in a northerly direction a distance of 160.75 feet to the point of beginning. And being the same land conveyed to the City of Paducah, Kentucky by Sam King, Master Commissioner, be deed dated October 15, 1948 and of record in Deed Book 312, page 63 in the McCracken County Court Clerk's Office. 636 SECTION 2. The purchase price for the property shall be payable 5'500.00 in cash, which has heretofore been paid to the City Treasurer, and the balance of -214,500.00 to be paid in cash within thirty (30) days after the passage of this ordinance. In the event the said purchasers shall fail to pay the balance of the purchase price within thirty (30) days after the passage of this ordinance, the aforesaid sum of %0'500.00 shall belong to and be retained by the City. In the event the title to said property shall not be merchantable and the City shall not perfect or be able to perfect the same within a reasonable time, the aforesaid purchasers shall have the right and option of demanding and receiving the aforesaid deposit of :"'500.00. The purchasers are to pay all taxes assessed against the property beginning with those due and payable in the year 1957. SECTION 3. Upon p payment of the aforesaid sum of (15,000.00 j to the City, the Mayor and Citv Clerk are, by this ordinance, authorized to execute a deed conveying said property to said pur- chasers with no warranty as to title, and subject to any encroachments, j easements or other condition which may be shown by an accurate survey of same. SECTION 4. This ordinance shall be in full force and effect from and after its adoption, j Passed by the Board of Commissioners December 4, 1956 Recorded by Sarah Thurman, City Clerk, December 4, 1956.