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07-09 - PRIVATE TAX RE-SALES
City-of-Paris
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03/09/2015
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07-09 - PRIVATE TAX RE-SALES
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10/20/2015 9:31:38 AM
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3/6/2015 10:00:57 AM
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Item Nos. 7 -9 <br />memorandum <br />TO: Mayor & City Council <br />FROM: John Godwin, City Manager <br />SUBJECT: PRIVATE TAX RE -SALES <br />DATE: March 2, 2015 <br />BACKGROUND: Through a previously unused provision of state law, The Pounders Law Firm <br />has arranged for the private sale of ten tax delinquent properties that failed to get bids during <br />previous public tax sales. <br />STATUS OF ISSUE: The ten trustee tax properties will be sold to three individuals. One tract <br />will go to Abner Glover for $225, three tracts to Keyon Mitchell for $675, and six tracts to James <br />Price for $1,800. This sale will move ten properties from the city's care to private maintenance, <br />and at the same time place them back on tax rolls. <br />BUDGET: The city will receive unbudgeted revenue of $2,700. <br />RECOMMENDATION: Approve the three attached resolutions authorizing the sales. <br />
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