Title
Consider/Discuss on Purchasing Available Struck Off Property WJS Russell 4th Addition, Blk 10, Lot 41
Summary
ITEM SUMMARY:
• WJS Russell 4th Addition, Blk 10, Lot 41 is currently owned by all the taxing entities
• Current Assessed value is $8,250
• Minimum Bid at Sale was $4,318.74
• Settlement Fees that are required to be paid are $1997.60
• Total taxes in the judgement are $2,321.14
• The lot will be sold via RFQ to a builder to develop affordable, single-family housing, for purchase
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.