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Regular Council Meeting June 8, 2020 Page 3 Following additional discussion, a Motion to table this item to the next meeting was made by Council Member Pilgrim and seconded by Council Member Portugal. Motion carried, 6 ayes — 0 nays. 11. Discuss and act on RESOLUTION NO. 2020-022: A RESOLUTION APPROVING THE PRIVATE RE -SALE OF A TRACT OF TAX FORECLOSED PROPERTY, AND AUTHORIZING THE MAYOR TO EXECUTE DEEDS. Tax Attorney Tracy Pounders explained the Westgate Apartments fell into disrepair, a lot of taxes were not getting paid, and a lawsuit was filed to collect those taxes. Mr. Pounders said this was a complicated matter, with heirs that had to be found and liens against the property. He also said it was placed for auction with a minim bid of $170,500.00, but no one was interested in it. Mr. Pounders said subsequently it was struck off to the City of Paris, and a buyer was found who was willing to pay $75,000 for the property. He explained if the item before them was approved, they would be able to proceed but still needed approval from Lamar County and Paris Jr. College. Mayor`Clifford inquired what kind of guarantee the City would have that the buyer would actually refurbish the apartments into habitable spaces. Mr. Pounders said they did not have a guarantee. Mayor Clifford said he' wanted a guarantee because it was a large piece of property for the amount of money. Mr. Pounders said he did not know if they could do that at this point, but might be able to do that in the near future. Council Member Pilgrim wanted to know how Ion g the City of Paris had possession of the property. Mr. Pounders said since January and this was the best offer they had been able to get. Council Member Pilgrim wanted to know if the property was repairable, i and City Engineer Carla Easton answered in the affirmative. Council Member Stone' said she personally toured the property and it was in bad shape, and it would take a lot of money to get it habitable. She said if the buyer was willing to do that, she was in favor of this. Ms. Easton said staff met with about five people,but ended up with only one investor who was seriously interested. Council Member Portugal wanted to know if it could be sold with a contingency. Mr. Pounders said a contingency was not in the offer presented. Council Member Pilgrim said he had some concern about individuals purchasing property in Paris, applying for tax credits and then spending that money in other cities on other properties. Council Member Hughes said the person interested had contacted him and the buyer planned to do the apartments in stages. He said he was in favor of this as long as they so something, either restore or demolish it. Council Member Stone said if they did not move forward with this, that they would be having the same discussions this time next year. After hearing all of the discussion, Mayor Clifford said he was comfortable with moving forward with the sale. A Motion to approve this item was made by Mayor Clifford, and seconded by Council Member Portugal. Motion carried, 6 ayes — 0 nays. 12. Receive an update on the status of the 2017 Street Bond Projects, status of prioritized roads under the bond, general road maintenance, and discuss and act on any adjustments to prioritized road list.