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CITY COUNCIL AGENDA ITEM BRIEFING SHEET <br />Submittal Date: <br />Originating Department: <br />Presented By: <br />Agenda Item No.: <br />01/06/10 <br />Council Date: <br />Legal <br />Kent McIlyar <br />16. <br />O1/11/10 <br />RECOMMENDED MOTION: <br />Move to approve the execution of a quitclaim deed from the City of Paris to William George King for <br />Lots 7, 8, and 9, Block 5, Smith's First Addition, located at 1030 Park Street <br />POLICY ISSUE(S): <br />Redemption of tax foreclosed properry. <br />BACKGROUND: <br />This property was acquired by a tax foreclosure sale (Cause No. 75394 - Lamar County Appraisal <br />District vs. William George King, et al) on July 2007. The Property Tax Code allows former owners of <br />foreclosed property the right to redeem their property by paying all taxes, court costs, and attorney fees <br />owed against the property within two years of foreclosure. <br />BOARD/COMMISSION RECOMMENDATION: <br />EXHIBITS: <br />Resolution; quit claim deed <br />ACTION: <br />BUDGET INFO: <br />❑ Financial Report ❑ Minute Order <br />Expense <br />$N/A <br />❑ Department Report Z Resolution <br />Budgeted Amt. <br />$N/A <br />❑ Presentation ❑ Ordinance <br />y'I'D Actual <br />$N/A <br />❑ Public Hearing ❑ Other <br />Acct. Name <br />N/A <br />Acct. Number <br />N/A <br />FISCAL NOTES: <br />REVIEWED AND APPROVED BY: <br />Z Administrarion ❑ City Clerk ❑ Community Development ❑ EMS/IT Z Finance ❑ Fire <br />❑ Municipal Court Z Legal ❑ Library ❑ Police ❑ Eng./Public Works ❑ Utilities <br />City of Paris Revised 2/04/08 <br />