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RESOLUTION 11- <br /> RESOLUTION AUTHORIZING THE RESALE OF CERTAIN PROPERTY <br /> WHEREAS the City of La Porte (City), in the course of its function as a taxing entity in the State of <br /> Texas, obtains title to real property in the capacity as Trustee for itself and other taxing units that tax the <br /> property; and <br /> WHEREAS it is necessary for various reasons that some of the property so obtained must be resold by <br /> the taxing units for less than the aggregate amounts of taxes, penalties, interest and costs; and <br /> WHEREAS Section 34.05 of the Texas Property Tax Code requires that when real property is sold for <br /> less than the aggregate amount of taxes, penalties, interest and costs, the sale must be approved by all <br /> taxing units that tax the property; and <br /> WHEREAS the City has adopted procedures designed to provide all parties the opportunity to submit <br /> offers to purchase such real property and to secure the best offer for such property that is sufficient to pay <br /> at least the costs of suit and sale of such property; and <br /> WHEREAS it is desirable that resale of the property be free and clear of all claims of the taxing units, for <br /> all taxes, penalties interest and costs that have accrued up to the date of resale <br /> BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LA PORTE, <br /> Section 1. That the City of La Porte, as Trustee, resells the real properties described in the attached <br /> Exhibit "A ", for the amounts set for on said Exhibit "A ", in full satisfaction of taxes, penalties, interest <br /> and costs that have accrued on the property up to the date of sale. <br /> Section 2. That the City Council officially finds, determines, recites and declares that a sufficient written <br /> notice of the date, hour, place and subject of this meeting of the City Council was posted at a place <br /> convenient to the public at the offices of City of La Porte for the time required by law preceding this <br /> meeting, as required by the Open Meetings Law, Chapter 551, Texas Government Code; and that this <br /> meeting has been open to the public as required by law at all times during which this resolution and the <br /> subject matter thereof has been discussed, considered and formally acted upon. The City Council further <br /> ratifies, approves and confirms such written notice and the contents and posting thereof. <br /> PASSED AND APPROVED this the 10th day of October 2011. <br /> CITY OF LA POR ' : .• S <br /> ;Loui R. Rigby, 1 a or <br /> A ST: APPROVE i : <br /> fr <br /> el, Jo; -a' . 4 <br /> i <br /> Patrice Fogarty, C'f ecreta C . r Askins, City Attorney <br />