Title
Consider/Discuss on Purchasing Available Struck Off Property Shorts Addition, Blk 49, Lot 1B & 1D
Summary
ITEM SUMMARY:
• Shorts Addition, Blk 49, Lot 1B & 1D is currently owned by all the taxing entities
• Current assessed value is $15,000
• Minimum Bid at Sale was $10,507.93
• Settlement Fees that are required to be paid are $1,206.66
• Total taxes in the judgement are $7,478.86
• The lot will be sold via RFQ process to a builder to develop an affordable, single family home, for sale
FINANCIAL SUMMARY:
• The funds would come from account 074-1274-463-8516 if the board made an offer. The amount wouldn’t exceed amount budgeted.