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REQUEST FOR CITY COUNCIL AGENDA ITEM <br />Agenda Date Requested:August27, 2018 _Appropriation <br />____________ <br />Requested By:Shelley Wolny_ __ ___Source of Funds: <br />Department:Finance_________________________Account Number:____ <br />____________ <br />Report: __Resolution: _X__Ordinance: ___ _Amount Budgeted: <br />Exhibits: _Resale 2000-21589 _Amount Requested: __________________ <br />Exhibits: __ Budgeted Item: (YES)NO <br />Exhibits: _ <br />SUMMARY & RECOMMENDATION <br />If a property is sold or struck off to a taxing unit that is party to the judgment,the taxing unit <br />may sell the property at any time by public or private sale. The City of La Porte has had these <br />properties on the public resale list for more than an adequate amount of time and has received a <br />bid for the minimum bid amount set by the judgment or higher; at this time staff is asking the <br />City Council to pass a resolution to approve the sale of the property listed below for the amount <br />that has been offered. <br />City’s tax attorney hasdouble checked the tax statements, and the post-judgment taxes that are <br />due (2000 and 2001) are $336.19 if paid in August 2018.The $2 difference is due to the fact that <br />thebid amount is the amount of post-judgment taxes due if paid in June.Inthe bid,the bidder <br />stated they understandthat the taxes increase each month, and therefore, when theypay the post- <br />judgment taxes in September, theywill have to pay the September amount that is due. <br />2000-21589–Lot24Block 79(0 Martin Luther King Jr. Drive),City of La Porte <br />–Offer $1,900+ 2000 & 2001 post-judgement taxes of $336.19 <br />Action Required by Council: <br />Consider approval of the Resolution authorizing the sale on the propertylisted above. <br />Approved for City Council Agenda <br />___________________________________________________________ <br />CorbyD.Alexander,City ManagerDate <br /> <br />