Item 4GCITY OF
SOUTHLAKI
MEMORANDUM
February 13, 2013
To: Shana Yelverton, City Manager
From: Sharen Jackson, Director of Finance
Subject: Resolution No. 13-010, Accepting bid for the sale of certain property
struck off pursuant to Section 34.01, Texas Property Tax Code
Action
Requested: Approval of Resolution No. 13-010 accepting bid for the sale of
property.
Background
Information: The City received a bid of $7,700 to purchase .26 acre of property
located at 1079 S. Westpark Circle (A0030A I.G Belcher, Tr 26)
which was obtained by Northwest ISD in a delinquent tax sale.
Northwest holds the real estate in trust for itself, Denton County
and the City. The property is assessed at $26,738.
The amount of delinquent taxes due the City through January is
$6,601.98. If approved, and after court cost and the funds are
divided among all entities, the City would receive $2,307.55 from
the sale.
Northwest ISD has already approved this bid in an effort to return
this property to the tax roll.
Financial
Considerations: Accept $2,307.55 as payment in full for the delinquent taxes due
of $6,601.98
Strategic Link: F1 Adhere to financial management principles and budget
Citizen Input/
Board Review: Not required
Legal Review: City attorney has reviewed the resolution
Alternatives: Approve or deny the resolution
Supporting
Documents: Resolution No. 13-010
Staff
Recommendation: Approval of Resolution No.13-010
RESOLUTION NUMBER
A RESOLUTION ACCEPTING BID FOR THE SALE OF CERTAIN
PROPERTY STRUCK OFF PURSUANT TO
SECTION 34.01, TEXAS PROPERTY TAX CODE
WHEREAS, Northwest Independent School District has acquired, as Trustee for Northwest
ISD, Denton County and City of Southlake certain real estate property through the delinquent tax
foreclosure process;
WHEREAS, Northwest Independent School District holds the real estate in trust for itself,
Denton County and City of Southlake;
WHEREAS, the City of Southlake has received a bid on the rear estate property;
WHEREAS, the City of Southlake has no desire to retain the real estate;
WHEREAS, the City of Southlake desires that the property be returned to the tax roll;
NOW THEREFORE, BE IT RESOLVED by the City Council of the City of Southlake,
that:
The bid received from BRAD ROWLAND in the amount of $7,700 for DCAD parcel
#R149947 described as Abstract 30, I.G. Belcher Survey, .26 acres, Denton County, Texas, is hereby
approved by the City Council of the City of Southlake and the Mayor of Southlake is hereby
authorized to execute all necessary documents in connection with the sale.
PRESENTED AND PASSED this
2013, by a vote of Ayes and
Southlake
day of
Nays by the City Council of the City of
PRESENT ED AND REJECTED this day of , 2013, by a
vote of Ayes and Nays by the City Council of the City of Southlake.
Mayor
Attest:
Secretary
Copyright City of Southlake
LTV0"
SOUTH L K
TEXAS My Map
City of Southlake
DISCLAIMER
This data has been compiled for
City of Southlake .
Various official and unofficial
sources were used to gather this
information. Every effort was made
to ensure the accuracy of this
data, however, no guarantee is
given or implied as to the accuracy
of said data.