HomeMy WebLinkAboutR2002-022A RESOLUTION AUTHORIZING THE SALE OF PROPERTY LOCATED WITHIN
ABSTRACT 616 OF THE S.C. HIRAM, TRACT 66, ACRES 0.150, OLD DCAD TR
29D BY THE CITY OF DENTON, TEXAS AS TRUSTEE FOR THE TAXING
ENTITIES PURSUANT TO TEXAS PROPERTY TAX CODE SECTION 34.05 FOR
LESS THAN THE MARKET VALUE OR TOTAL AMOUNT OF JUDGMENT
AGAINST THE PROPERTY; AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, the City Denton has acquired, as Trustee, certain real property
through the delinquent tax foreclosure process which, to wit:
Abstract 616 of the S.C. Hiram, Tract 66, Acres 0.150, (old DCAD Tract 29D) more
commonly know as 318 Bailey St.
WHEREAS, the City of Denton holds the real estate in trust for itself and the
other taxing entities;
WHEREAS, the City of Denton has received a bona fide bid upon the real estate
Property which is less than the market value or the total amount ofjudgment against the
property;
WHEREAS, the City of Denton has no desire to retain the property since it would
better serve the city to get the property returned to the tax rolls and save any additional
expenses required to sale the property; and
WHEREAS, all taxing entities must consent before the sale of the property can be
executed for the amount bid; and
WHEREAS, the City Council finds that it is in the public interest to authorize the
sale of the property; NOW, THEREFORE,
THE CITY COUNCIL OF THE CITY OF DENTON HEREBY RESOLVES:
SECTION 1. The City of Denton, does hereby authorized the Trustee to accept
the bid received from Evis Ray Parks and Wanda Parks, in the amount of two thousand
dollars and NO/100 cents, for DCAC Parcel #R32877, described as A0616A S.C. Hiram,
Tract 66, Acres 0.150, (old DCAD Tract 29D) - Location 318 Bailey St., and we do
hereby consent to the sale of said parcel of land for less than the market value of the land
specified in judgment of foreclosure or the total amount of the judgment against the
property, pursuant to Texas Property Code § 34.05. The Mayor is hereby authorized to
execute all necessary documents in connection with the sale.
SECTION 2. This ordinance shall become effective immediately upon its passage
and approval.
s:/ourdocuments/resolufions/02/taxsaleauthorizationparks.doc
EULINE BROCK, MAYOR
ATTEST:
JENNIFER WALTERS, CITY SECRETARY
HERBERT L. PROUTY, CITY ATTORNEY
s:/ourdoeuments/resolutions/O2/taxsaleauthorizationparks.doc