2000-01-24 Regular Meeting - Laserfiche WebLink

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• REQUEST FOR CITY COUNCIL AGENDA ITEM AGENDA DATE 1/24/2000 REQUESTED BY Jeff Litchfield, Finance Director/ACM _ REPORT; XX RESOLUTION; _ ORDINANCE; The La Porte Tax Office is Trustee for the City of La Porte, the La Porte Independent School District and Harris County for several tax properties where title to the property has reverted to the taxing entities because the previous property owner did not pay taxes on the property, they were offered for public bid via a "Sheriff's Sale" and no one purchased them. The La Porte Tax Office actively markets these resale properties. When a bid is received that is greater than either the amount due on the property or the HCAD appraised value, the Tax Office is able to complete the sale. If a bid is received that is less than either the amount due or the HCAD appraised value, then the sale requires the approval of all three taxing entities. Tonight, we are bringing five properties before you for your consideration. In all cases, the amounts due are less than either the amount due or the appraised value. We are recommending the City Council approve all five of the sales so at least a portion of the back taxes can be recovered and the properties can be placed back on the tax roll as tax producing properties. The first parcel up for consideration is: Offer from Ignacio Ramirez for Lot 3-4 & 13-14 Block 100 Town of La Porte Bid Amount $10,500 Appraised Value $28,100 Approximate Amount Due $16,500 Bid Amount is 63.6% of the Amount Due All five of the properties were presented to the Finance/Audit Committee for their approval. They agreed with staffs recommendation for resale. ACTION REQUIRED BY COUNCIL: Approve or disapprove Resolution approving the resale of tax properties. FUND N/A ACCT NUM: APPROVED FO�R- CITY COUNCIL AGENDA ��t 1 • ��.Rl�n..RAt�• ROBERT T. HERRERA, CITY MANAGER FUNDS AVAILABLE: I - ► - awo DATE