Title
Consider/Discuss/Act on a Resolution Authorizing the City Manager to Participate in Execution of a Deed Without Warranty for Property Being Block 6, Lot 14C 15D & Block 6, Lot 14A 15B, W J S Russell 2nd Addition, AKA Rockwall Street, City of McKinney, Collin County, Texas
Summary
COUNCIL GOAL: Operational Excellence
(2B: Continuously provide a high level of Customer Service to our Citizens)
MEETING DATE: October 15, 2019
DEPARTMENT: Housing and Community Development
CONTACT: Cristel Todd, Affordable Housing Administrator
RECOMMENDED CITY COUNCIL ACTION:
* Approve Resolution
ITEM SUMMARY:
* This Resolution authorizes the City Manager to execute a Deed Without Warranty in the disposition of tax-delinquent vacant residential property held by all taxing entities being Block 6, Lot 14c 15d & Block 6, Lot 14a 15b, W J S Russell 2nd Addition, AKA Rockwall Street, Collin County, Texas.
* The City of McKinney has received an offer from Derrick Davis to purchase property being Block 6, Lot 14c 15d & Block 6, Lot 14a 15b, W J S Russell 2nd Addition, AKA Rockwall Street, Collin County, Texas.
* A Special Warranty Deed prepared by City tax attorneys Abernathy, Roeder, Boyd & Hullett, P.C., begins the process for disposition of tax-delinquent property held by all taxing entities.
* This offer has been accepted by all the other taxing entities.
BACKGROUND INFORMATION:
* This property was sold at a Sheriff's Sale on December 4, 2017 pursuant to delinquent tax collection suit number 401024032010. There were no bidders and the property was struck off to the City for itself and on behalf of the other taxing jurisdictions.
* The property was acquired having been "struck off" to the taxing entities subsequent to a Sheriff's sale.
FINANCIAL SUMMARY:
* The Housing and Community Development Department agrees to participate in the sale of the above mentioned property at a price not less than the combination of court costs, Constable fees, and cost of p...
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