RESOLUTION NO.________, SERIES 2021
Title
A RESOLUTION DETERMINING FOUR (4) PARCELS OF REAL PROPERTY KNOWN AS BOXELDER TERRACE, AND LOCATED AT 3403 SHANKS LANE, 34031/2 SHANKS LANE, 3400A SHABGARK ROAD AND 3400B SHAGBARK ROAD, LOUISVILLE, KENTUCKY OWNED BY LOUISVILLE/JEFFERSON COUNTY METRO GOVERNMENT ("METRO GOVERNMENT") AS SURPLUS AND NO LONGER NEEDED FOR A GOVERNMENTAL PURPOSE AND AUTHORIZING THEIR SALE TO A QUALIFIED PURCHASER FOR DEVELOPMENT OF LOW AND MODERATE INCOME HOUSING.
body
SPONSORED BY: COUNCIL MEMBER JESSICA GREEN
WHEREAS, according to KRS 67C.101, Metro Government may sell any real property belonging to Metro Government;
WHEREAS, the real property which is the subject of this Resolution has been acquired for the public purpose of redeveloping said property into affordable homes for sale to low- and moderate-income households;
WHEREAS, Metro Government issued a Request for Proposals for the Richmont Terrace Revitalization Project soliciting proposals from qualified developers to purchase and develop said property into affordable homes to eligible - at or below 80% of Area Median Income - homebuyers;
WHEREAS, the Request for Proposals requires the successful bidder to purchase the property for the appraised value, as set forth below, thereby removing all current land restrictions except certain regulations found at 24 C.F.R. Part 570;
WHEREAS, Section 1(A) of Executive Order No. 2, Series 2011 of the Mayor, which adopts Section 2(C) of Executive Order No. 3, Series 2007, provides that Metro Government may sell and convey surplus real estate upon declaration by the Legislative Council of the Louisville/Jefferson County Metro Government ("the Council") that such property is no longer needed for the governmental purposes of Metro Government; and
WHEREAS, the Director of Develop Louisville and the Director of the Office of Housing and Community Development have declared and certified to the Council that the real prop...
Click here for full text