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Item No. 9 <br />TO: Mayor, Mayor Pro Tem & City Council <br />FROM: Grayson Path, City Manager <br />SUBJECT: 338 NE 81h Street <br />Lien Forgiveness <br />DATE: August 9, 2021 <br />BACKGROUND: <br />The City of Paris has seven (7) liens on 338 NE 8th Street. The following is a breakdown of the <br />liens: <br />........... <br />__._.. <br />... ........... .......... ........... ........ <br />16 -Nov -09 <br />................... ........ <br />10 -Apr -13 <br />...... <br />22 -Aug -15 <br />............................... ........ <br />5 -Oct -17 <br />.......... . ....... <br />24 -Sep 20 <br />...... <br />15 -Oct -20 <br />. . <br />5 Nov.20 <br />TotalValue of Property <br />Property <br />Structure Lien <br />Nuisance Lien: <br />Nuisance Lien <br />Nuisance Lien: <br />Nuisance Lien: <br />Nuisance Lien: <br />Nuisance Lien <br />338 NE 8th - #14584 <br />$ 1,380.00 <br />Principal <br />.. <br />$ 2,471.04 <br />$ 413.14 <br />$ 344.52 <br />$ 354.57: <br />$ 296.00 <br />$ 296.00 <br />$ 296.00 <br />......... .. <br />$4,471.27 <br />.. I .... ........... . <br />Today's Value <br />$ 7,095.82 <br />$ 805.09 <br />$ 554.85 <br />$ 471.93 <br />$ 296.00 <br />$ 296.00. <br />$ 296.00 <br />$9,815.69 <br />InterestOnly <br />$ 4,624.78 <br />$ 391.95 <br />$ 210.33: <br />$ 117.36 <br />$ <br />$ <br />$ <br />$5,344.42 <br />There is also approximately $1,950.00 in unpaid property taxes since 2009 (that amount would <br />be finalized by the Appraisal District). As can be seen in the above table, the total value of liens <br />today is worth about $9,815.69 and the value of the property is $1,380.00. <br />Ms. Elaina Thomas is the owner of 821 Pine Bluff which is the property to the immediate south <br />of 338 NE 8th Street. She has approached the City Manager stating that they wish to purchase <br />338 NE 8th Street from the existing owner and is requesting forgiveness of the liens. The City <br />cannot forgive the owed Property Taxes, which they recognize and are prepared to pay. <br />Ms. Thomas has informed the City Manager that the current owners inherited the property after <br />their last remaining parent passed away sometime around 2017 or 2018. The property was <br />owned by Floyd and Betty Gray during the time of the structure lien and we believe the first <br />three nuisance liens (2013 — 2017). The parents allegedly instructed their children to not pay the <br />taxes or the liens and to let the property go up for a tax sale which effectively would be at no <br />expense to them (the liens would be waived in a tax sale and the taxing entities would recoup <br />whatever pro -rated share they can from the tax sale). They allegedly have no further interest in <br />