HomeMy WebLinkAboutOrdinances Book 16, Page 1027, No Resolution Number1P
A RESOLUTION AUTHORIZING THE SALE OF THE CITY'S INTEREST IN
PROPERTY ON JEFFERSON STREET BETWEEN FIRST AND SECOND STREETS, FORMERLY
KNOWN AS THE INTERNATIONAL SHOE COMPANY PROPERTY, AND PRESCRIBING THE
TERMS AND CONDITIONS UPON WHICH SUCH SALE MAY BE MADE
WHEREAS, on June 10, 1969, all litigation regarding the city's
purchase of the International Shoe Company property on Jefferson Street
between First and Second Streets was finalized, and
WHEREAS, the Board of Commissioners of the City of Paducah,
Kentucky, finds that such property is surplus to the needs of the City
and should be disposed of, and
WHEREAS, the County of McCracken is the owner of an undivided
one-half interest in such property,
NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS
OF THE CITY OF PADUCAH, KENTUCKY:
SECTION 1. That subject to similar approval for sale by the
Fiscal Court of McCracken County, Kentucky, the City Manager of the
City of Paducah, Kentucky, is hereby authorized and directed to
cooperate with the County of McCracken in advertising for sale jointly
by the city and county the property owned by the city and county
located on the south side of Jefferson Street between First and Second
Streets, and formerly known as the International Shoe Company property.
SECTION 2. That the City of Paducah hereby agrees to cooperate
with the County of McCracken for effecting a sale of the said property
and to subsequently authorize the execution of a joint deed to quitclaim
any right, title or interest the City of Paducah has in said property,
provided however, that the Boryrd of Commissioners of the City of Paducah
reserved the right to reject any and all bids which may be received,
irregardless of the desires of the county to dispose of its undivided
one-half interest separately.
SECTION 3. The advertisement for bids shall be as required by
law, and the City of Paducah shall not become legally bound to sell
this property until formal acceptance of a bid and the authorization
for a deed has been given by further action of this Board.
SECTION 4. This resolution shall be in full force and effect
from and after its adoption.
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Passed by the Board of Commissioners June 24, 1969
Recorded by Sarah Thurman, City Clerk, June 24, 1969.