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2008-050-RES AUTHORIZING THE EXECUTION OF A TAX SALE DEED TO PARIS ECONOMIC DEVELOPMENT CORPORATION FOR PROPERTY BEINGLOT 13-ARESOLUTION 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 APPROVED AS TO FORM: ~;42 ~ W. Kent McI ya City ttorney Those Voting Aye Were: Those Voting Nay Were: EXHIBIT "A" Cause No. 71938, Lamar County Appraisal District vs. Bonita Elaine McCuin, et al Date of Judgment May 27, 2005 Judgment Taxes Due: $3,026.30 - Lamar County Appraisal District Acct # R18845 Adjudged Value $2,620.00 Present Bid $100.00 Bidder Paris Economic Development Corporation 1125 Bonham Paris, TX 75460 PROPERTY DESCRIPTION NOTE: This propertv adioins the "Business Park" - being 1.31 acre, more or less, in the Frances Morrison Survey, (Being Lot 13-A, Block 326 -off 34th NW), City of Paris W:Vwn Fosterfl.amar\resolms\71938ezh.doc\07/0V08 8:32 AM