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<br />RESOLUTION NO. 89-051 <br /> <br />WHEREAS, the City of Paris, Paris Independent School <br />District and Paris Junior College District and County of Lamar <br />did on December 17, 1986, foreclose their tax liens on Lots 1, 2, <br />3 and 4, Block E and the east one-half of Lot 3, Block F, <br />Fuller-Donhoney Addition, City of Paris; and <br /> <br />WHEREAS, thereafter said property was offered at Sheriff's <br />Sale by the Sheriff of Lamar County, and in the absence of <br />successful bidder, the property was bought by Lamar County as <br />Trustee for the other taxing authorities, and thereafter Lamar <br />County, acting as Trustee received a bid for the resale of said <br />property from John and Denise Williams of $2,500.00, an amount <br />which is less than either the market value of the property or the <br />aggregate amount of judgement against said property; and, <br /> <br />WHEREAS, it is permissible under the laws of the State of <br />Texas to sell property so held by a Trustee taxing authority for <br />an amount less than the aggregate amount of judgement against <br />or for less than the market value if each taxing authority <br />entitled to proceeds from the sale under the judgment consents to <br />the sale; NOW, THEREFORE, <br /> <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PARIS, <br />That the City of Paris hereby gives its consent to the sale of <br />Lots 1, 2, 3 and 4, Block E and the east one-half of Lot 3, Block <br />F, Fuller-Donhoney Addition to John and Denise Williams for <br />$2500.00. <br /> <br />Passed and adopted this 8th day of May, 1989. <br /> <br />ATTEST: <br /> <br /> <br />~~n....".~\\1'M ) <br />Mattie Cunningham, City Clerk- <br /> <br />J~O FORM~ <br /> <br />T. K.~"omeY <br />