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11 - PRIVATE TAX RESALES
City-of-Paris
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04 - APRIL
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04/24/2017
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11 - PRIVATE TAX RESALES
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4/20/2017 12:01:46 PM
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4/20/2017 11:43:53 AM
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Item No. 11 <br />memorandum <br />TO: Mayor & City Council <br />FROM: John Godwin, City Manager <br />SUBJECT: PRIVATE TAX RE -SALES <br />DATE: April 18, 2017 <br />BACKGROUND: Through a previously rarely used provision of state law, The Pounders Law <br />Firm has arranged for the private sale of twenty -three tax delinquent properties that failed to get <br />bids during previous public tax sales. <br />STATUS OF ISSUE: The twenty -three trustee tax properties will be sold to multiple persons for <br />a total of $10,539.50. This sale will move six properties from the city's care to private <br />maintenance, and at the same time place them back on tax rolls. <br />BUDGET: The city will receive unbudgeted revenue of $1,900. <br />RECOMMENDATION: Approve Resolution Approving the Private Re -Sale of Multiple Tracts <br />of Bid -Off Tax Foreclosed Properties. <br />
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