Official site of the City of Fort Worth, Texas |
City Council Agenda | |
COUNCIL ACTION: Approved on 12/13/2016 | |||||
DATE: | 12/13/2016 | REFERENCE NO.: | **L-15978 | LOG NAME: | 21PMD TF DIRECT SALE 5407 AND 5409 TURNER STREET |
CODE: | L | TYPE: | CONSENT | PUBLIC HEARING: | NO |
SUBJECT: | Authorize Direct Sale of Two Tax-Foreclosed Properties Located at 5407 and 5409 Turner Street for a Total Cost of $13,682.92.00 to Chelsea R. Jaubert in Accordance with Section 34.05 of the Texas Property Tax Code (COUNCIL DISTRICT 5) |
RECOMMENDATION: | ||||||||||||
It is recommended that the City Council: 1. Authorize the direct sale of two tax-foreclosed properties located at 5407 and 5409 Turner Street for a total cost of $13,682.92 to Chelsea R. Jaubert 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 instrument conveying the property to complete the sale.
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DISCUSSION: | ||||||||||||
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.
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 purchase price includes the constable deed amount and city fees. The Planning and Development Department has reviewed the current zoning of this property and has determined that the zoning classification is compatible with respect to existing land use of the surrounding neighborhood and future land use designations indicated in the Comprehensive Plan. This property is located in COUNCIL DISTRICT 5, Mapsco 365 - 6F. This M&C does not request approval of a contract with a business entity. |
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FISCAL INFORMATION/CERTIFICATION: | ||||||||||||
The Director of Finance certifies the Property Management Department is responsible for the collection, deposit and disbursement of funds. Upon receipt, the amount of $13,682.92 will be deposited into the General Fund, Tax-Foreclosed Property Sale Fee account for disbursement to the County for the purpose of distributing proceeds to the taxing entities and paying applicable fees. The City' s estimated revenue in Fiscal Year 2017 is $94,888.00 and no year to date receipts have been posted. |
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Submitted for City Manager's Office by: |
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Originating Department Head: |
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Additional Information Contact: |
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ATTACHMENTS |
5407 and 5409 Turner Street Map.pdf |