R-2005-18 acquisition of certain property in blks 1429, 1430, 1431 and 1438

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e e Cit of La Porte Interoffice Memorandum ~ <c~ ~ To: Robert T. Herrera, City Manager Members of Executive Staff From: ~Id' Direclllr of FinancelACM Date: November 18,1998 Subject: Proposal on Cook Property Background In December of 1997, Fred Westergren and Decker McKim informed the City they were working on behalf of Mrs. J. E. Cook. Their task was to review deeds, old papers and other documents to determine what she owns and whether or not she had good, clean title to the properties. They inquired as to whether or not the City might be interested in obtaining some of the property. Attached, starting on page 3, is a letter from John to Bob that sheds further light on this subject. On November 10,1998, I was visited by Fred and Decker regarding this project. They met with me because of my close association with the delinquent tax situation in the City. During our meeting, they stated that they were just about through with their review of documents regarding the area between Mrs. Cook's house and the Treatment Plant, which is the area depicted in John's Letter, and have found that, for the most part, the title is good and the records of HCAD are accurate. Second, they indicated Mrs. Cook would be willing to sell all of her property in this area for 50 cents per square foot. I felt it prudent to have this reviewed by the Executive Staff to determine the reasonableness of further investigation of the property. Attached are several items of interest that might help in determining if we have further interest in the property. On page 6 is a block map of the property in question. This map was provided by Fred and Decker. The blocks with the "X" notation are the ten block's they discussed in our meeting. On page 7 is an Excel drawing of the layout of the 10 block area. This shows the property they are trying to sell the City as well as the use of nearby property. On page 8 is a list of the pro erty owners that own property in the 10 block area. On page 9 is a list f the . ated amount of delinquent taxes owed by the Cook's and La Porte Land Comp yl... Includ d in the total are amounts due the City, School and the County.