Authorize Direct Sale of a Tax-Foreclosed Property Located at 3300 Horne Street for a Total Cost of $16,701.72 to Fort Como LLC, in Accordance with Section 34.05 of the Texas Property Tax Code (COUNCIL DISTRICT 3)

It is recommended that the City Council:

1.  Authorize the direct sale of a tax-foreclosed property located at 3300 Horne Street for a total cost of $16,701.72 to Fort Como LLC, 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.

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 (City) received the property through a Constable Sale after a tax-foreclosure suit. The property has been offered on previous sealed bid sales, but it did not sell. In accordance with Section 34.05 of the Texas Property Tax Code, the City is authorized to conduct a direct sale of tax-foreclosed property to a buyer.

Property Address	Legal Description	Constable Deed Amount	CFW Fees	Total Cost	Zoning
3300 Horne Street	Lots 1 & 2, Block 187, Chamberlain Arlington Heights #1 F Addition	$15,101.72	$1,600.00	$16,701.72	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 cost includes the constable deed amount and City fees. The Planning and Development Department reviewed the current zoning of the property and determined the zoning classification of the property is compatible with respect to the existing land use of the surrounding neighborhood and future land use designations indicated in the Comprehensive Plan.

The property is located in COUNCIL DISTRICT 3.

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