1998-11-23 Regular and Workshop Meeting of City Council

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e e (Q;@{fi)'~ RESOLUTION NO. 98-16 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LA PORTE AUTHORIZING THEMAYOR TO SIGN DEEDS TO PROPERTY FOR FULL TAX PAYMENT . . . '. WHEREAS, In the course of its fUnction as a taxing entity in the State of Texas, it is necessary that the City of La Porte (the "City'? place real property within the City up for public auction after- entry of judgement offoreclosure of the tax liens on the property; and WHEREAS, such property is on occasion conveyed to the City, as Trustee for the use and benefit of itself and the other taxing units that tax the property; and WHEREAS, the property may then be sold for at least the market value specified in the judgment of foreclosure' or the total amount of the judgments against the property, whichever is less; as provided by Section 34.05(h) of the Texas Property Tax. Code; and WHEREAS, It is necessary to accept payment for the property, to disburse payments from sale proceeds to the other taxing units that established tax. liens in the tax foreclosure judgment, and to execute legal docwnents transfening the property to the purchaser. BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LA PORTE, Section J That the City of La Porte, as a Trustee does hereby authorize its Tax Assessor-Collector to accept payment of property acquired under tax foreclosure judgment, to pay the costs of suit and sale, and to disburse payments from the sale proceeds to other taxing units that established liens in the tax foreclosure judgment and does fUrther authorize its Mayor to execute legal documents transferring the property to the purchaser, when the purchase price is at least the market value specified in the judgment offoreclosure or the total amount of the judgments against the property, whichever is less. Section 2 That actions previously taken by the City of La Porte consistent with the foregoing are wholly approved and ratified for the purposes expressed herein, Section 3 That the City Council officially finds. determines, recites and declares that a sufficient written notice of the date, hour, place and subject of this meeting of the City Council was posted at a place convenient to the public at the offices of City of La Porte for the time required by law preceding this meeting, as required by the Open Meetings Law, Chapter 551, Texas Government Code; and that this meeting has been open to the public as required by law at all times during which this resolution and the subject matter thereof has been discussed, considered and formally acted upon. The City Council fUrther ratifies, approves and confirms such written notice and the contents and posting thereof