1989-051-RES WHEREAS, COP, PISD AND PJC
RESOLUTION NO. 89-051
WHEREAS, the City of Paris, Paris Independent School
District and Paris Junior College District and County of Lamar
did on December 17, 1986, foreclose their tax liens on Lots 1, 2,
3 and 4, Block E and the east one-half of Lot 3, Block F,
Fuller-Donhoney Addition, City of Paris; and
WHEREAS, thereafter said property was offered at Sheriff's
Sale by the Sheriff of Lamar County, and in the absence of
successful bidder, the property was bought by Lamar County as
Trustee for the other taxing authorities, and thereafter Lamar
County, acting as Trustee received a bid for the resale of said
property from John and Denise Williams of $2,500.00, an amount
which is less than either the market value of the property or the
aggregate amount of judgement against said property; and,
WHEREAS, it is permissible under the laws of the State of
Texas to sell property so held by a Trustee taxing authority for
an amount less than the aggregate amount of judgement against
or for less than the market value if each taxing authority
entitled to proceeds from the sale under the judgment consents to
the sale; NOW, THEREFORE,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PARIS,
That the City of Paris hereby gives its consent to the sale of
Lots 1, 2, 3 and 4, Block E and the east one-half of Lot 3, Block
F, Fuller-Donhoney Addition to John and Denise Williams for
$2500.00.
Passed and adopted this 8th day of May, 1989.
ATTEST:
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Mattie Cunningham, City Clerk-
J~O FORM~
T. K.~"omeY