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Title
Resolution authorizing the resale of three tax foreclosure properties located at 2038 Fort Worth Street, 1926 Avenue A and 1821 Holland Street to the Grand Prairie Community Housing Development Organization
Presenter
Bill Crolley, Director of Planning and Development and Bill Hills, Director of Housing and Neighborhood Services
Recommended Action
Approve
Analysis
The property at 2038 Fort Worth Street was struck-off to the City in October of 2014, 1926 Avenue A was struck-off in July 2014 and 1821 Holland Street was struck-off in October 2014 as trustee for the taxing jurisdictions, for delinquent taxes, penalties, interest and court costs.
This item will authorize the City Manager or his designee to execute quitclaim deeds to the Grand Prairie Community Housing Development Organization, Inc., in exchange for the City’s payment of the full amount of the taxes due to Dallas County and Grand Prairie ISD along with a reduction of City of Grand Prairie taxes due plus post judgment taxes and court costs, not to exceed $32,000. The taxing jurisdictions of Dallas County and Grand Prairie ISD will share in the proceeds on a prorate basis. Payment to the City of Grand Prairie for taxes will be a total of $600.
Financial Consideration
Funding source for the acquisition of this property for 2038 Ft. Worth is available in account number 302892-61705-64015721 for $9,892.13, 1926 Ave A in account number 302892-61705-64015722 for $12,774.50 and for 1821 Holland in account number 302892-61705-64015723 for $7,454.49.
Body
A RESOLUTION OF THE CITY OF GRAND PRAIRIE, TEXAS, AUTHORIZING THE RESALE OF REAL PROPERTY STRUCK OFF TO THE CITY OF GRAND PRAIRIE, AS AUTHORIZED BY SECTION 34.05 OF THE STATE PROPERTY TAX CODE
WHEREAS, the City of Grand Prairie seeks to sell three tracts of property situated in the City of Grand Prairie, Dallas County, Texas which were acquired by the City of Grand Prairie, as trustee for itself and other taxing units in...
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