File #: 21-0003    Version: 1 Name:
Type: Ordinance Status: Passed
File created: 12/8/2020 In control: City Council
On agenda: 1/12/2021 Final action: 1/26/2021
Title: Ordinance authorizing the resale, by Nueces County as the City’s trustee, of 16 properties, which were foreclosed upon for failure to pay ad valorem taxes, for the total price of $89,225.00. The City accepts total proceeds of $29,379.07 from the sale of which $7,988.22 is allocated to the settlement of past due ad valorem taxes and $21,390.85 is allocated to the settlement of amounts due for City paving and demolition liens.
Sponsors: Finance & Procurement
Attachments: 1. Agenda Memo - Tax Resale of 16 Properties, 2. Ordinance - Tax Resale Property for 202101 vFinal, 3. Letter from Linebarger1, 4. Exhibit A - Analysis of Offer Received For Tax Resale Property, 5. Exhibit B - Breakdown of Tax Resale Properties

Title

Ordinance authorizing the resale, by Nueces County as the City’s trustee, of 16 properties, which were foreclosed upon for failure to pay ad valorem taxes, for the total price of $89,225.00.  The City accepts total proceeds of $29,379.07 from the sale of which $7,988.22 is allocated to the settlement of past due ad valorem taxes and $21,390.85 is allocated to the settlement of amounts due for City paving and demolition liens.