From
Dwayne Tyner
Title
Authorize Sale of Tax Foreclosure Property at 502 Piccadilly Unit 162 to Tulio Bustillo, high bidder, in the amount of $20,600
Presenter
Steve Norwood, Director of Planning and Development
Recommended Action
Approve
Analysis
This property was struck off to the taxing jurisdictions by Sheriff’s Deed for delinquent taxes, penalties, interest and court costs. The City advertised one foreclosure property for sale by sealed bids with a bid opening on July 18, 2019, (see attached map for location). Responsive bids were received, as follows:
502 Picadilly Unit 162: ($10,900 Minimum Bid) ---VACANT LOT
• Tulio Bustillo $20,600.00 High Bidder of 3
• Maria Dominguez $16,500.00
• Jay Riney $20,500.00
TIMES OFFERED FOR SALE: 1
This item will authorize the City Manager or his designee to execute a quitclaim deed to the successful bidder for 502 Piccadilly Unit 162 at the respective purchase price.
Financial Consideration
This property is currently off the tax rolls. After the sale, it will return to the tax rolls and the new owner will be responsible for maintenance.