HomeMy WebLinkAbout024457 RES - 05/15/2001RESOLUTION
AUTHORIZING RESALE OF TWENTY-FOUR (24) PROPERTIES SHOWN
ON THE ATTACHED AND INCORPORATED EXHIBIT A WHICH WERE
FORECLOSED UPON BY NUECES COUNTY FOR FAILURE TO PAY AD
VALOREM TAXES, FOR MINIMUM OPENING BID AMOUNTS EQUAL
TO 10% OF THE MOST RECENTLY APPRAISED VALUE FOR
PROPERTIES VALUED UNDER $10,000 AND 15% OF THE MOST
RECENTLY APPRAISED VALUE FOR PROPERTIES VALUED AT $10,000
OR HIGHER, ROUNDED UP TO THE NEXT TEN DOLLAR INCREMENT
WHEREAS, the taxing authorities hold in trust the twenty-four (24) properties legally
described on the attached and incorporated Exhibit A;
WHEREAS, an auction may be scheduled to obtain the highest possible price for the taxing
entities; and
WHEREAS, in Resolution No. 024078 on June 27, 2000, City Council authorized the resale
of these properties for minimum opening bid amounts equal to 25% of the most recently appraised
value for properties valued under $10,000 and 30% of the most recently appraised value for
properties valued at $10,000 or higher, but no minimum bids were received for these properties;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF CORPUS CHRISTI, TEXAS:
SECTION 1. That pursuant to Section 34.05 of the Tax Code, the governing body of the
City of Corpus Christi hereby authorizes the resale of twenty-four (24) properties shown on the
attached and incorporated Exhibit A which were foreclosed upon for failure to pay properly taxes,
for a minimum opening bid amount equal to 10% of the most recently appraised value for properties
valued under $10,000 and 15% of the most recently appraised value for properties valued at $10,000
or higher, rounded up to.the next ten dollar increment. The minimum opening bids are identified on
the attached and incorporated Exhibit A.
Attest:
Arma~d~ ~l~a, ~i~y Se~etary
APPROVED THIS THE lC)
James R. Bray, City Attorney
DAY OF
SAMUEL L. ~'E~AL, JR.~MAY-O~_/"
CITY OF CORPUS CHRISTI
"Y~ ,2001:
Lisa Aguilar, A~rSstant City Attorney
LOA/RES.047
C::
Z
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CORPUS CHRISTI, TEXAS
DAY OF -. ,2001
The above resolution was passed by the £611owing vote:
Samuel L. Neal, Jr.
Brent Chesney
Javier D. Colmenero
Henry Garrett
Bill Kelly
Rex A. Kinnison
John Longoria
Jesse Noyola
Mark Scott
LOA/RES.047