STRATEGIC PRIORITY: Economic and Neighborhood Vitality
AGENDA DATE: March 24, 2021
COUNCIL DISTRICT(S): 2, 3, 4, 5, 6, 7, 8
DEPARTMENT: Department of Sustainable Development and Construction
EXECUTIVE: Dr. Eric A. Johnson
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SUBJECT
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Authorize (1) the quitclaim of 31 properties acquired by the taxing authorities from the Tax Foreclosure Sheriff's Sale that will be sold to the highest qualified bidders; and (2) the execution of release of liens for any non-tax liens that may have been filed by the City and were included in the foreclosure judgment (list attached to the Agenda Information Sheet) - Estimated Revenue: $543,600.00 (see Fiscal Information)
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BACKGROUND
This item authorizes the quitclaim of 31 properties that were foreclosed by the Sheriff's Department for unpaid taxes pursuant to judgments or seizure warrants from a District Court and the release of liens for any non-tax liens that may have been filed by the City and were included in the foreclosure judgment. These properties will be sold to the highest qualified bidder and will return to the tax rolls upon conveyance.
Successful bidders will be required to sign a certification stating that they are not purchasing these properties on behalf of the foreclosed owners and that they have no debts owed to the City, no pending code violations, and are not chronic code violators.
All properties were reviewed by the Department of Housing and Neighborhood Revitalization for infill housing and were not desired for that program.
PRIOR ACTION/REVIEW (COUNCIL, BOARDS, COMMISSIONS)
This item has no prior action.
FISCAL INFORMATION
Estimated Revenue: $543,600.00 (General Fund: $94,300.00, Disbursed according to Tax Code: $449,300.00)
MAP
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