10 - Release of Lien-Waiver Request - 245 NE 2nd Street

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No. 10 TO: Mayor, Mayor Pro Tem & City Council FROM: Grayson Path, City Manager SUBJECT: Release of Lien / Waiver Request DATE: June 12, 2023 BACKGROUND: In June 2006, the City of Paris demolished a dangerous structure located at 245 NE 2nd Street (LCAD # 14000) and applied a lien against the property on August 2, 2006 in the principal amount of $3,070.15. The lien has continued to exist on this property, unpaid, since that time. The taxes have all been paid and there have been no other nuisance violations requiring an assessment of a lien since that time. STATUS OF ISSUE: Mr. Jeff Faber inherited this property from his uncle, Ben Faber, and would like to now sell it, along with the two neighboring properties to the north and northwest. Mr. Faber has requested that the City Council consider allowing him to pay the original principle amount on the lien, but otherwise to 1) forgive the accrued interest on the lien and 2) release the lien on the property, allowing him to now sell it without any further liens. Pursuant to City Code 4.03.009, only the City Council can consider waiving a Structure Lien. The sale is set to occur this week. BUDGET: There is no new expense to the City in this situation to agree to releasing the lien and forgiving the interest on the lien. The principal of the lien is $3,070.15. The accumulated interest is approximately $11,856.49. The total of the lien is therefore approximately $14,926.64. The value of the property is $4,370.00 according to LCAD. There are no delinquent taxes and no other liens. Mr. Faber has delivered to the City a check in the amount of $3,070.15.