It is recommended that the City Council:

1.  Authorize the direct sale of one tax-foreclosed property located at 3121 North Nichols Street for a total purchase price of $14,287.00 to Alejandro Perea in accordance with Section 34.05 of the Texas Property Tax Code; and

2.  Authorize the City Manager or his designee to execute and record the appropriate instruments conveying the property to complete the sale.

The interested buyer submitted a direct sale request to the Property Management Department to purchase the tax-foreclosed property referenced below.  The City of Fort Worth received the property through a Constable Sale after a tax foreclosure suit.  In accordance with Section 34.05 of the Texas Tax Code, the City is authorized to conduct a direct sale of tax-foreclosed property to a buyer.

Property Address	Legal Description	Tax Judgment Value or Amount	Court Costs	CFW Fees	Total Purchase Price	Zoning
3121 North Nichols Street	Lot 24, Block 88 Fostepco Heights Addition	$10,800.00	$1,887.000	$1,600.00	$14,287.00	A-5

Staff recommends selling the referenced property to the buyer, who is responsible for all related costs, including providing proof of payment of the post-judgment taxes prior to the conveyance of the property.  The total purchase price includes the tax judgment value or amount, court costs and applicable fees.

The Planning and Development Department has reviewed the current zoning of this property, which is shown on the above list and has determined that the zoning classification of the property is compatible with respect to existing land use, the existing land uses of the surrounding neighborhood and future land use designations indicated in the Comprehensive Plan.  

This property is located in COUNCIL DISTRICT 2, Mapsco 329-F1.

This M&C does not request approval of a contract with a business entity.