STRATEGIC PRIORITY: Workforce, Education & Equity
AGENDA DATE: November 13, 2024
COUNCIL DISTRICT(S): 4
DEPARTMENT: Department of Facilities and Real Estate Management
EXECUTIVE: Donzell Gipson
______________________________________________________________________
SUBJECT
Title
Authorize (1) the sale by quitclaim deed of a tax foreclosed property located at 1835 Fernwood Avenue acquired by the taxing authorities from a Sheriff’s Sale to the City of Dallas; and (2) the acquisition of a tax foreclosed property located at 1835 Fernwood Avenue for the Kings Branch Culvert at Georgia Project - Not to exceed $20,894.00 ($19,500.00, plus closing costs and title expenses not to exceed $75.00 plus post judgment taxes not to exceed $1,319.00) - Financing: 2024B Certificates of Obligation Fund
Body
BACKGROUND
This item, on behalf of the Dallas Water Utilities Department, authorizes (1) the sale by quitclaim deed of a tax foreclosed property located at 1835 Fernwood Avenue acquired by the taxing authorities from a Sheriff Sale to the City of Dallas; and (2) the acquisition of a tax foreclosed property located at 1835 Fernwood Avenue. This property will be used for the Kings Branch Culvert at Georgia Project.
This property was foreclosed by the Sheriff’s Department for unpaid taxes pursuant to a judgment from a District Court. Pursuant to Section 34.05 of the Texas Tax Code, this property may be acquired by any one of the taxing entities at various statutory prices. The City’s offer amount for this property is based on the lowest value calculated under Section 34.05 of the Texas Tax Code as set forth in attached list.
PRIOR ACTION/REVIEW (COUNCIL, BOARDS, COMMISSIONS)
This item has no prior action.
FISCAL INFORMATION
|
Fund |
FY 2025 |
FY 2026 |
Future Years |
|
2024B Certificates of Obligation Fund |
$20,894.00 |
$0.00 |
$0.00 |
MAP
Attached