From
Dwayne Tyner
Title
Resolution authorizing the sale of two tax foreclosure properties located at 1617 Avenue C and 1605 Emerald Street to the Grand Prairie Community Housing Development Organization, Inc., a Texas nonprofit corporation; authorize the City Manager or his designee to execute the related quitclaim deeds
Presenter
Steve Norwood, Director of Planning and Development and Bill Hills, Director of Housing and Neighborhood Services
Recommended Action
Approve
Analysis
The property at 1617 Avenue C was struck-off to the City in December 2017 and 1605 Emerald Street was struck-off in February 2019 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 Community Housing Development Organization, Inc., a Texas nonprofit corporation, 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 $15,000. 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 $400.
Financial Consideration
Funding source for the acquisition of this property is available for 1617 Avenue C in account number 305092-61705 for $7,613.26 and 1605 Emerald Street in account number 305092-61705 for $4,266.63.
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 (1617 AVENUE C AND 1605 EMERALD STREET)
WHEREAS, the City of Grand Prairie seeks to sell two 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 ta...
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