From
Dwayne Tyner
Title
Sale of 1413 Avenue B, Lake Crest No. 1 Addition to the highest bidder and declare lot surplus
Presenter
Gabe Johnson, Director of Public Works
Recommended Action
Approve
Analysis
The City acquired this lot by Warranty Deed dated October 12, 1973, filed for record in Volume 73217, page 1511, Deed Records of Dallas County, Texas. (See Exhibit “A”). This vacant lot is no longer needed and should be considered as surplus to the City’s current and future needs. The areas near this lot are currently being developed (see aerial Exhibit “B”).
The City will reserve all minerals with a surface access waiver. Sale of the public right, title and interest in the property will be by Deed Without Warranty to the highest bidder and subject to any property taxes payable. The City reserves the right to reject any or all proposals and to waive formalities.
Staff has reviewed the requested sale and recommends the property as surplus and advertisement of bids.
Financial Consideration
This lot is currently off the tax roll. After this sale, the vacant lot will return to the tax roll and be developed.