Date of release: April 5, 2019
As you drive around Paducah, look for the blue and orange signs highlighting properties owned by the City of Paducah that are available for purchase. The City is accepting sealed bid proposals until 4 p.m. on Monday, April 29 for the purchase and transfer of 30 city-owned properties located in seven different neighborhoods.
Planning Director Tammara Tracy says, “There are some great opportunities in this pool of properties for those willing to invest time, energy, and/or money. The market for housing under $199K is hot which means a good quality home can be a great money maker. I want to emphasize that homes are the objective. We want new homes on vacant lots and existing properties to be rehabilitated. This helps neighborhoods, surrounding property owners, and the city in general to be full and active."
Tracy adds, "The City owns these properties for a variety of reasons: donations, death of the owner with no heirs, or code enforcement action due a dilapidated building which has since been removed."
All bids must be submitted in a sealed envelope clearly marked Sealed Bid with the address of the property on the outside. If interested in submitting a sealed proposal for more than one property, a separate written offer must be submitted for each property. Proposals can be mailed to the following address:
Proposals will be opened April 29 at 4:15 p.m. in the Commission Chambers on the second floor of City Hall. The City of Paducah reserves the right to reject any or all proposals submitted.
The lot dimensions, zoning information, and an aerial map of each piece of property are available at http://www.paducahky.gov/city-surplus-property. Also, there is a form on that page that must be submitted with each property proposal.
Evaluation of the bids will be based upon the following considerations equally: priority to adjoining property owner; priority to owner occupancy; level of investment; Comprehensive Plan compliance (highest & best use); and the bid amount.
To be considered for these properties, bidders must be current on City taxes and have no existing liens on any property currently owned in the City of Paducah.
Proposals must include at a minimum the following information:
For additional information, please call the Paducah Planning Department at 270-444-8690.