2008-050-RES AUTHORIZING THE EXECUTION OF A TAX SALE DEED TO PARIS ECONOMIC DEVELOPMENT CORPORATION FOR PROPERTY BEINGLOT 13-A

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RESOLUTION NO. 2008-050 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS, AUTHORIZING THE EXECUTION OF A TAX SALE DEED TO PARIS ECONOMIC DEVELOPMENT CORPORATION FOR PROPERTY BEING LOT 13-A, BLOCK 326 LOCATED OFF 34TH ST. NW; MAKING OTHER FINDINGS AND PROVISIONS RELATED TO THE SUBJECT; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, the City of Paris, Texas, has become the part-owner of certain real property as described on Exhibit A, attached hereto, because a sufficient bid was not received at a sale conducted by the Lamar County Sheriff pursuant to an order of the District Court of Lamar County in Cause number 71938 as shown on Exhibit "A" attached hereto; and, WHEREAS, a potential buyer for the property has come forward; and, WHEREAS, all taxing entities involved in the above-referenced cause must consent to the sale of the hereinabove described real property; and, WHEREAS, it is to the benefit of all the taxing entities involved that the property be returned to their respective tax rolls; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS: Section 1. That the findings set out in the preamble to this resolution are hereby in all things approved. Section 2. That the Mayor of the City of Paris be, and he is hereby, authorized and directed to execute on behalf of the City of Paris, the tax resale deed and any and all documents necessary to convey the property described on Exhibit A, attached hereto, for and in consideration of the cash sums referenced on said Exhibit A, said money to be distributed pursuant to Chapter 34 of the Texas Property Code. Section 3. That this resolution shall be effective from and after its date of passage. PASSED AND ADOPTED this 14th day of July, 2008. ATTEST: , qnhicAft-gilis, City Clerk sse Jame reelen, Mayor