2021-010 - Approving the Private Re-Sale of Twenty-Four Tracts of Tax Foreclosed Real Property

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RESOLUTION NO. 2021-010 A RESOLUTION APPROVING THE PRIVATE RE -SALE OF TWENTY- FOUR TRACTS OF TAX FORECLOSED REAL PROPERTY AND AUTHORIZING THE MAYOR TO EXECUTE DEEDS WHEREAS, 24 tracts of real property (the "Trustee Properties") were bid off to the City of Paris as Trustee for itself, Lamar County, Paris ISD and Paris Junior College at a public tax sale conducted on January 5, 2021; and WHEREAS, Texas Property Tax Code Section 34.05(i) provides that the Trustee Properties may be sold by private sale in lieu of a public sale under Texas Property Tax Code Section 34.05(c) & (d) with the approval of all taxing units entitled to receive proceeds from the sale, being the City of Paris, Paris Junior College, Lamar County, and Paris ISD; and WHEREAS, Private offers to purchase all twenty-four of the Trustee Properties were subsequently received by the City of Paris (the "Private Sale"); NOW, THEREFORE, BE IT RESOLVED AND ORDERED by the City Council of Paris, Texas, that: Section 1. The following offers to purchase the following Trustee Properties (the "Re -Sale Properties") are accepted and the Private Sales are hereby approved: 4 - LCAD 12368: HULL ADDITION, BLOCK 2, Hannelore Inman LOT 4 5 - LCAD 13830: CITY OF PARIS, BLOCK 32-13, Chadley Easton LOT 7 6 - LCAD 13832: CITY OF PARIS, BLOCK 32-B, Chadley Easton LOT 9 7 - LCAD 13833: CITY OF PARIS, BLOCK 32-13, Chadley Easton LOT 10, ACRES 0.227 8 - LCAD 13870: CITY OF PARIS, BLOCK 33-A, Hannelore Inman LOT 9, ACRES .1490 13 - LCAD 14252: CITY OF PARIS, BLOCK 54, Jonathan Pharr Resolution Sale of Tax Foreclosed Proa�erties, Page 1 of 3 $125.00 $1,750.00 $1,750.00 $2,500.00 $350.00 $200.00