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CITY COUNCIL AGENDA ITEM BRIEFING SHEET <br />Submittal Date: <br />Originating Department: <br />Presented By: <br />Agenda Item No.: <br />07/09/08 <br />Council Date: <br />Legal Department <br />W. Kent McIlyar <br />8. <br />07/14/08 <br />RECOMMENDED MOTION: <br />Approve the sale of 1.31 ac tract being Lot 13-A, City Block 326 located off 34th Street <br />NW to Paris Economic Development Corporation, authorize the execution of Tax Resale <br />Deed, and authorize the City Manager to execute all necessary documents. <br />POLICY ISSUE(S): <br />Real estate; Economic Development <br />BACKGROUND: <br />Paris Economic Development Corporation has made a bid in the amount of $100.00 for this <br />tax delinquent property which adjoins the Paris Industrial Park. The property will be used to <br />expand the Park for economic development purposes. The assessed value of the property is <br />$2,620 and the judgment tax amount (after going o the courthouse steps for sale) is <br />$3,026.30. Since there were no bidders for the property state law allows the City to accept <br />whatever amount it desires. <br />BOARD/ COMMISSION RECOMMENDATION: <br />N/A <br />EXHIBITS: <br />Resolution; tax resale deed; site map; picture (to be provided at meeting) <br />ACTION: <br />BUDGET INFO: <br />❑ Financial Report ❑ Minute Order <br />Expense <br />$ <br />❑ Department Report E Resolution <br />- <br />Budgeted Amt. <br />$ <br />1 Presentation ❑ Ordinance <br />F <br />y'I'D Actual <br />$ <br />❑ Public Hearing ❑ Other <br />Acct. Name <br />Acct. Number <br />FISCAL NOTES: <br />REVIEWED AND APPROVED BY: " <br />Z Administration Z City Clerk ❑ Community Development ❑ EMS/IT ❑ Finance ❑ Fire <br />❑ Municipal Court E Legal ❑ Library ❑ Police ❑ Eng./Public Works ❑ Utilities <br />City of Paris Revised 2/04/08 <br />r UOU066 <br />