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Title
Resolution authorizing the sale of two tax foreclosure properties located at 834 Manning Street and 922 Pangburn Street to the City of Grand Prairie, Texas
Presenter
Bill Crolley, Director of Planning, Development and Transportation and Bill Hills, Director of Housing and Neighborhood Services
Recommended Action
Approve
Analysis
The property at 834 Manning Street was struck-off to the City in July, 2016, and 922 Pangburn Street was struck-off in June 2016, 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 City of Grand Prairie in exchange for the City’s payment of the full amount of the taxes due other taxing jurisdictions plus post judgment taxes and court costs, not to exceed $23,000. City of Grand Prairie taxes will adjusted to a total of $400. The taxing jurisdictions will share in the proceeds on a prorate basis.
Financial Consideration
Funding source for the acquisition of these proper available to pay them off is 305092 68090 (Land Purchase).
Body
A RESOLUTION OF THE CITY OF GRAND PRAIRIE 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 two tracts of property situated in the City of Grand Prairie, Tarrant County, Texas which were acquired by the City of Grand Prairie, as trustee for itself and other taxing units including the Arlington Independent School District, Tarrant County, Tarrant County Hospital District and Tarrant County College District following the foreclosure of the subject properties for non-payment of ad valorem taxes;
WHEREAS, the property commonly known as 834 Manning Street, Grand Prairie, Texas and identified by TAD Account No. 03210596 was acquired as a result of a judgment and order of sale issued in Cause No. 236-E2288...
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