Sale of City Surplus Property

Background

The City of Henderson, Kentucky, is issuing an invitation to bid for the sale of city surplus property located at 521 S Adams St, Parcel ID 2-3-2-4. This solicitation is made pursuant to KRS 45A.365, which governs the sale of public property in Kentucky.

Work Details

The contract involves the sale of a city-owned property measuring approximately 25 feet by 175 feet, zoned for General Business use. Bidders are required to submit a sealed bid along with a 10% bid deposit in the form of a certified check payable to the City of Henderson. The successful bidder will be responsible for closing costs and must complete the purchase within thirty days of the Notice of Award. The property is sold 'as is' with no warranties provided by the seller, except that they own the property. The seller will cover property taxes, while the purchaser is responsible for any transfer tax fees and title opinions if desired.

Period of Performance

Bids will be accepted until 1:30 p.m. on June 12, 2026. The closing date for the sale will be established within thirty days following the Notice of Award.

Place of Performance

The property is located at 521 S Adams St, Henderson, Kentucky.

Bidder Requirements

Bidders must provide a sworn statement as required by KRS 45A.395 confirming compliance with campaign finance laws. Bids must be signed and submitted in accordance with specified instructions including proper sealing and labeling of envelopes.