The Madison County Fiscal Court announced today that it is requesting bids for purchase of property in Batch 1 of properties located at Parcel 8-976 Battlefield Memorial Highway, Parcel 9 (Lot 2) on Battlefield Memorial Highway, Parcel 10 (Lot 3) on General Cruft Drive in Battlefield Estates, and Parcel 11 (Lot E-1) on US 25-Berea Road.
Each of the properties has been appraised by an appraiser who established the appraised rate. Under KRS 67.0802, the County is required to set the minimum bid for each of the properties at those appraised rates which is as follows:
- Parcel 8 at 976 Battlefield Memorial Highway (Minimum Bid: $300,000)
- Parcel 9 (Lot 2) on Battlefield Memorial Highway (Minimum Bid: $215,000)
- Parcel 10 on General Cruft Drive (Minimum Bid: $225,000)
- Parcel 11 (Lot E-1) on US 25/Berea Road (Minimum Bid: $87,000)
Sealed bids (that follow the specifications in the bid packet) will be accepted until 1:00 p.m. on Friday March 27, 2020 at 135 West Irvine Street Suite 300 in Richmond. Bids will be opened at 1:15pm on Friday March 27, 2020 at the Madison County Fiscal Courtroom, 101 West Main Street in Richmond.
The following properties are anticipated to be made available for bid in July 2020:
- Wilgreen Lake
- New Road
- Battlefield Golf Course
The timeline for the bid process is as follows:
| 3/10/2020 | Request for Bids Released |
| 3/14/2020 at 9-12pm | Open House at 976 Battlefield Memorial Hwy. |
| 3/24/2020 at 2-6pm | Open House at 976 Battlefield Memorial Hwy. |
| 3/27/2020 at 1pm | Deadline to Submit Bid at Courthouse Annex |
| 3/27/2020 at 1:15pm | Bid Opening at Courthouse |
All material regarding the sale of property as well as the accepted ways of submitting a bid may be found at www.madisoncountyky.us. Interested purchasers should review the website or pick up a bid packet. Any additional questions may be asked on the property hotline at 859-408-2333.
