2020-016 - Approving the Private Re-Sale of Multiple Tracts of Tax Foreclosed PropertiesRESOLUTION NO. 2020-016
A RESOLUTION APPROVING THE PRIVATE RE -SALE OF MULTIPLE
TRACTS OF TAX FORECLOSED PROPERTIES, AND AUTHORIZING
THE MAYOR TO EXECUTE DEEDS
WHEREAS, numerous tracts of real property (the "Trustee Properties") were previously
bid off to the City of Paris as Trustee for itself, Lamar County, Paris ISD and Paris Junior
College; and
WHEREAS, Texas Property Tax Code Section 34.05(i) provides that the Trustee
Properties may be sold by private sale in lieu of a public sale under Texas Property Tax Code
Section 34.05(c) & (d) with the approval of all taxing units entitled to receive proceeds from the
sale, being the City of Paris, Lamar County, Paris ISD and Paris Junior College; and
WHEREAS, private offers to purchase several of the Trustee Properties have been
received by the City of Paris (the "Private Sale");
NOW, THEREFORE, BE IT RESOLVED AND ORDERED by the City Council of
Paris, Texas, that:
Section 1. The following offers to purchase the following tracts of real property, being
the highest bids received, are hereby accepted and the Private Sales are hereby approved:
• LCAD 439379 -'CITY OF PARIS, BLOCK 198, LOT 15' to Blue Ocean Partners LLC for
$639.00
LCAD #19538 - `SMITH'S 1ST ADDITION, BLOCK 5, LOT 10-11-12' to Blue Ocean
Partners LLC for $1,105.40
LCAD #102150 - `CITY OF PARIS, BLOCK 44-A, LOT 4-A' to Blue Ocean Partners LLC
for $805.60
Section 2. Subject to the Private Sales also being approved by Lamar County, Paris ISD
and Paris Junior College, and the receipt of the monies bid for the Trustee properties, the Mayor
is hereby authorized to execute a tax deed conveying the Re -Sale Properties to the Purchaser or
designee. Any prior approval to re -sell this Trustee Property is hereby withdrawn.
Section 3. The proceeds of the Private Sale shall be distributed in accordance with the
Texas Property Tax Code and the orders of the District Courts of Lamar County, Texas.
Private Pro erly Tax Re -Sale Resolution, Page 1 of 2
PASSED AND APPROVED this 13th day of April, 2020.
15,PROVED AS TO FORM:
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te l mie fl Harris, City Atte.
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Private Prod; g j, Tax Re -Sale Resolution, Page 2 of 2
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liffor M.D., Mayor