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HomeMy WebLinkAboutR-2010-25 authorize Harris County Constable’s Office to hold a second public sale of tax properties/Tr. 20, Block 10, Sylvan Beach 16 REQUEST FOR CITY COUNCIL AGENDA ITEM Agenda Date Requested: September 13. 2010 Appropriation Requested By: Kathv Powell Source of Funds: Department: Finance Account Number: Report: Resolution: X Ordinance: Amount Budgeted: Exhibits: Resolutions Amount Requested: Exhibits: Tax Codes Sect 34.05 (a) (c) (d) t Budgeted Item: (YES) NO Exhibits: SUMMARY & RECOMMENDATION 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. 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 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 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. 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. If the purchasing taxing unit has not sold the property within six months after the date on which the owner's right of redemption 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 to sell the property at a public sale. 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). The minimum bid was arrived at by either the amount of costs in the judgment or a percentage of the HCAD value. The goal is to get the property back on the tax roll as taxable property. PI93 - Lot II Block 1 Oakhurst Addition (56% ofHCAD value) P203 - Tr 20 Block 10 Sylvan Beach (Approximate Costs) to Date RESOLUTION NO. 2010- rJS- A RESOLUTION AUTHORIZING THE PUBLIC RESALE OF PROPERTY ACQUIRED THROUGH TAX FORECLOSURE BY THE CONSTABLE OF HARRIS COUNTY. On the 13th day of September, 2010, at the regularly scheduled meeting of the City Council of the City of La Porte, a motion was duly made and seconded for the City of La Porte to resell property described on Exhibit "A" attached hereto, which was acquired through tax foreclosure proceedings. The City of La Porte requests that the Constable of Harris County conduct such sale in accordance with Section 34.05 (a), (c) and (d), Property Tax Code, and that such sale be held at the earliest available date in accordance with the laws ofthe State of Texas; and further that the City of La Porte notify the Constable that it would not object to a sale price of such property in the sum of: See Exhibit "A". Discussion amongst the City Council was then conducted, and upon completion of the same the Mayor of the City of La Porte called a vote on the motion, and the same was passed by majority. Now therefore: BE IT RESOLVED by the City Council of the City of La Porte, Texas, that the City of La Porte offer for resale, in accordance with Section 34.05 (a), (c) and (d), Property Tax Code, the property described on Exhibit "A" and that the Constable is hereby requested to conduct such sale in accordance with such statutes at the earliest possible date and further, that a minimum acceptable sale price for such property is as set forth on Exhibit "A". Passed by the City Council 13th day of September, 2010. ATTEST: , Mayor ~ t1lZ~~J.L; Ma a A. Gillett, City Secretary A~7~ Clark Askins, Assistant City Attorney EXHIBIT "A" Legal Description: TRACT 20, BLOCK 10, OF SYLVAN BEACH, AN ADDITION IN HARRIS COUNTY, TEXAS, MORE P ARTICULARL Y DESCRIBED IN A DEED FILED IN THE REAL PROPERTY RECORDS OF HARRIS COUNTY, TEXAS UNDER CLERK'S FILE NUMBER E508131, AND COMMONLY DESCRIBED AS, LA PORTE, TEXAS 77571 (ACCOUNT NUMBER 035-210-010-0020) Minimum Bid: $2,000.00 1A~ RE.SALE. 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SUMMARY OF FORECLOSURE ACTIVITY HCAD ACCOUNT NO: CAUSE NO: PLAINTIFF(S): JUDGMENT AGAINST: JUDGMENT DATE: ORDER OF SALE: DEED RECORDED DATE: CONSTABLE: PROPERTY ADDRESS: LEGAL DESCRIPTION: 035-210-010-0020 Property Struck off for: Value 2003-11198 City of La Porte & La Porte Independent School District Wyndham Ray Rhoden July 16, 2003 STRUCK OFF DATE: January 6,2004 December 8, 2003 STRUCK OFF TO: City of La Porte Bill Bailey, Constable Precint No 8 Bayshore Drive Tr 20 Block 10 Sylvan Beach ADJUDGED VALUE (IN JUDGMENT): SQUARE FOOTAGE: $10,470.00 3,125 SUMMARY OF SALE ACTIVITY BIDDER: AMOUNT OF BID: AMOUNT OF DEPOSIT: AMOUNT DUE: BIDDER'S ADDRESS: $2,000.00 $200.00 $1,800.00 BIDDER'S PHONE NO: PRORATED PERCENTAGED OF TAXES DUE TO EACH JURISDICTION BASED UPON JUDGMENT COUNTY, ET JUDGMENT TO AL. % SCHOOL % CITY % TOTAL AMOUNT DUE $3,719.69 27.15% $6,436.28 46.97% $3,546.60 25.88% $13,702.57 ASSOCIATED COSTS ON ORIGINAL AND SEALED BID SALES CONSTABLE! ESTIMATED AMOUNT AMOUNT OF COURT PUBLICATION FEE AD LITEM RESEARCH FEE & TO BE PRORATED TO BID COST (TISD) FEE DEED RECORDING FEE TAXES $2,000.00 $303.00 $575.00 $0.00 $250.00 $872.00 PRORATED TAX AMOUNTS TO EACH JURISDICTION OWED TO COUNTY % SCHOOL % CITY % TOTAL PRORATED AMOUNT $236.71 27.15% $409.59 46.97% $225.70 25.88% $872.00 Amount of Bid: Costs: -District Clerk -Tax Master -Constable Fee -Publication -Abstract Fee -Cost -Ad Litem Fee Taxing Jurisdictions: City of La Porte La Porte ISO Harris County San Jacinto CCD State of Texas Costs + Taxes $14,830.57 Adjudged Value $ 10,470.00 $2,000.00 Total: $253.00 $50.00 Chris Stacy $400.00 $175.00 $250.00 $0.00 $0.00 $872.00 Amount in Judgment: $3,546.60 $6,436.28 $3,719.69 $0.00 $0.00 $13,702.57 % 25.88% 46.97% 27.15% 0.00% 0.00% 100.00% Amount Received $225.70 $409.59 $236.71 $0.00 $0.00 $872.00 P203