04-25-16 Regular Meeting of the La Porte City Council

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REQUEST FOR CITY COUNCIL AGENDA ITEMREQUEST FOR CITY COUNCIL AGENDA ITEM April 25, 2016April 25, 2016AppropriationAppropriation Agenda Date Requested:Agenda Date Requested: Source of Funds:Source of Funds: Kathy PowellKathy Powell Requested By:Requested By: Account Number:Account Number: FinanceFinance Department:Department: Amount Budgeted:Amount Budgeted: Report:Resolution:Resolution:Ordinance:Ordinance: Amount Requested:Amount Requested: Other: Budgeted Item:Budgeted Item:YESYESNONO AttachmentsAttachments : : 1. Resolution Resolution SUMMARY & RECOMMENDATIONSSUMMARY & RECOMMENDATIONS If a property is sold or struck off to a taxing unit that is party to the judgment, the taxing unit may sell the If a property is sold or struck off to a taxing unit that is party to the judgment, the taxing unit may sell the property at any time by public or private sale. property at any time by public or private sale. The City of La Porte has had these properties on our The City of La Porte has had these properties on our public resale list for more than an adequate amount of time and there has been no interest in public resale list for more than an adequate amount of time and there has been no interest in purchasing the property at the minimum bid amount set by the judgment; at this time we are asking the purchasing the property at the minimum bid amount set by the judgment; at this time we are asking the city council to pass a resolution to lower the minimum bid so that we can have a second public sale by city council to pass a resolution to lower the minimum bid so that we can have a second public sale by the constables office and hopefully get an interested party that will purchase these properties so that the constables office and hopefully get an interested party that will purchase these properties so that they can be taxable again; or even develop the properties.they can be taxable again; or even develop the properties. Section 34.05 (c) The taxing unit purchasing the property by resolution of its governing body may Section 34.05 (c) The taxing unit purchasing the property by resolution of its governing body may request the sheriff or a constable to sell the property at a public sale. request the sheriff or a constable to sell the property at a public sale. If the purchasing taxing unit has If the purchasing taxing unit has not sold the property within six months after the date on which the ownernot sold the property within six months after the date on which the ownernot sold the property within six months after the date on which the ownernot sold the property within six months after the date on which the owners right of redemption s right of redemption s right of redemption s right of redemption terminates (these properties have past the redemption period), any taxing unit that is entitled to receive terminates (these properties have past the redemption period), any taxing unit that is entitled to receive proceeds of the sale by resolution of its governing body may request the sheriff or a constable in writing proceeds of the sale by resolution of its governing body may request the sheriff or a constable in writing to sell the property at a public sale.to sell the property at a public sale. On receipt of a request made under this subsection, the sheriff or On receipt of a request made under this subsection, the sheriff or constable shall sell the property at a public sale as provided by Subsection (d). constable shall sell the property at a public sale as provided by Subsection (d). The minimum bid was arrived at by either the amount of costs in the judgment or a percentage of the The minimum bid was arrived at by either the amount of costs in the judgment or a percentage of the HCAD value. HCAD value. The goal is to get the property back on the tax roll as taxable property.The goal is to get the property back on the tax roll as taxable property. P282 Lots 29 & 30 Block 85Town of La Porte (50% of HCAD value)Lots 29 & 30 Block 85Town of La Porte (50% of HCAD value)