HomeMy WebLinkAboutOrdinance Book 18, Page 16, Ordinance Number 73-1-744ORDINANCE NO. 73-1-744
AN ORDINANCE ACCEPTING THE BID OF SALVATION ARMY OF PADUCAH,
A GEORGIA CORPORATION, TO PURCHASE THE INTEREST OF THE CITY OF PADUCAH
IN LOTS 8, 9, 10, 11, 12, 13 AND 14 IN BLOCK 3, OF THE J. N. BAILEY
ADDITION TO THE CITY OF PADUCAH, AS SHOWN IN PLAT BOOK "A", PAGE 234,
IN THE McCRACKEN COUNTY COURT CLERK'S OFFICE, FOR THE SUM OF $3,750.00,
AND AUTHORIZING THE MAYOR AND CITY CLERK TO EXECUTE A QUITCLAIM DEED
WITH REVERSIONARY CLAUSES
BE IT ORDAINED BY THE BOARD OF COMMISSIONERS OF THE CITY OF
PADUCAH, KENTUCKY:
SECTION 1. That the offer of Salvation Army of Paducah, a
Georgia Corporation, 729 South 21st Street, Paducah, Kentucky, in the
amount of $3,750.00, to purchase the interest of the City in the
following described land in said City, be accepted, said land being
described as follows:
Lots 8, 9, 10, 11, 12, 13 and 14 in Block 3 of the
J. N. Bailey Addition to the City of Paducah, as shown
by Plat of record in Plat Book "A", page 234, McCracken
County Court Clerk's office.
Being a part of the same property purchased by the City of
Paducah by deed dated September 1963, of record in Deed
Book 453, page 125, McCracken County Court Clerk's office.
SECTION 2. Upon the payment of the sum of $3,750.00 to the
City Treasurer, the Mayor and City Clerk are hereby authorized and
directed to convey to Salvation Army of Paducah, a Georgia Corporation,
all of the right, title and interest of the City in the property
described in Section 1 hereof, except that said deed shall be by
quitclaim only, and shall contain a reversionary clause which shall
provide that in the event the said property conveyed is not used to
serve the social and recreational needs of the citizens of Paducah,
Kentucky, that all right, title and interest of the Salvation Army
of Paducah, a Georgia Corporation, in and to the said property shall
revert immediately to the City of Paducah.
SECTION 3. This ordinance shall be in full force and effect
from and after it adoption.
Mayor
Passed by the Board of Commissioners January 16, 1973
Recorded by Sarah Thurman, City Clerk, January 16, 1973.