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RESOLUTION NO. <br />A RESOLUTION APPROVING THE PRIVATE RE -SALE OF MULTIPLE <br />TRACTS OF TAX FORECLOSED PROPERTIES, AND AUTHORIZING <br />THE MAYOR TO EXECUTE DEEDS <br />WHEREAS, numerous tracts of real property (the "Trustee Properties") were previously <br />bid off to the City of Paris as Trustee for itself, Lamar County, Paris ISD and Paris Junior <br />College; and <br />WHEREAS, Texas Property Tax Code Section 34.05(i) provides that the Trustee <br />Properties may be sold by private sale in lieu of a public sale under Texas Property Tax Code <br />Section 34.05(c) & (d) with the approval of all taxing units entitled to receive proceeds from the <br />sale, being the City of Paris, Lamar County, Paris ISD and Paris Junior College; and <br />WHEREAS, private offers to purchase several of the Trustee Properties have been <br />received by the City of Paris (the "Private Sale"); <br />NOW, THEREFORE, BE IT RESOLVED AND ORDERED by the City Council of <br />Paris, Texas, that: <br />Section 1. The following offers to purchase the following tracts of real property, being <br />the highest bids received, are hereby accepted and the Private Sales are hereby approved: <br />• LCAD #3 93 79 —'CITY OF PARIS, BLOCK 198, LOT 15' to Blue Ocean Partners LLC for <br />$639.00 <br />• LCAD #19538 — `SMITH'S IST ADDITION, BLOCK 5, LOT 10-11-12' to Blue Ocean <br />Partners LLC for $1,105.40 <br />• LCAD #102150 —'CITY OF PARIS, BLOCK 44-A, LOT 4-A' to Blue Ocean Partners LLC <br />for $805.60 <br />Section 2. Subject to the Private Sales also being approved by Lamar County, Paris ISD <br />and Paris Junior College, and the receipt of the monies bid for the Trustee properties, the Mayor <br />is hereby authorized to execute a tax deed conveying the Re -Sale Properties to the Purchaser or <br />designee. Any prior approval to re -sell this Trustee Property is hereby withdrawn. <br />Section 3. The proceeds of the Private Sale shall be distributed in accordance with the <br />Texas Property Tax Code and the orders of the District Courts of Lamar County, Texas. <br />Private Pro erty Tax Re -Sale Resolution, Page 1 of 2 <br />