Title
A resolution authorizing the purchase and sale of multiple tax-foreclosed properties (100 Clary Drive, 1430 Melton Lane, 701 Military Parkway and 1425 Woodcrest Drive) located in Mesquite, Texas, and authorizing the City Manager to execute quitclaim deeds and all other documents necessary or requested to complete the closing, purchase and sale of the properties.
Body
The City owns tax-foreclosure properties in trust due to receiving no bids at various sheriff's sales throughout the years. The following properties are needed by the City for future drainage improvements in the area:
* 100 Clary Drive
* 1430 Melton Lane
* 701 Military Parkway
* 1425 Woodcrest Drive
The offer of $22,970.00 made by the City of Mesquite on 701 Military Parkway fell under Texas Tax Code ?34.05(h). A sale under this code requires the purchaser to pay the post-judgment taxes, penalties and interest to the taxing entities, but it does not require the consent of the taxing entities. The post-judgment tax figures are provided by the Mesquite Tax Office and Dallas County with an October 2017 closing are $1,999.14.
The offers made by the City of Mesquite on the remaining properties totaling $53,200.00 fell under Texas Tax Code ?34.05(j). A sale under this code discharges and extinguishes all liens foreclosed by the judgment and all post-judgment taxes, penalties and interest, except for prorated taxes for the year of closing, and requires the consent of all taxing units entitled to proceeds of the sale.
Mesquite Independent School District's Board of Trustees approved the sale of the properties to be sold pursuant to Texas Tax Code ?34.05(j) by Resolution on September 11, 2017.
Dallas County Commissioners Court approved the sale of the same properties to be sold pursuant to Texas Tax Code ?34.05(j) by Court Order 2017-1203 on September 19, 2017.
Recommended/Desired Action
Staff recommends Council approval of the resolution.
Attachment(s)
Resolution
Drafter
Brenda Hood...
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