HomeMy WebLinkAbout024458 RES - 05/15/2001RESOLUTION
AUTHORIZING RESALE OF SIXTY-EIGHT (68) 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 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, ROUNDED UP TO THE NEXT TEN DOLLAR INCREMENT
WHEREAS, the taxing authorities hold in trust the properties legally described on the
attached and incorporated Exhibit A; and
WHEREAS, an auction may be scheduled to obtain the highest possible price for the taxing
entities.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF CORPUS CHRIST1, 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 sixty-eight (68) properties shown on the
attached and incorporated Exhibit A which were foreclosed upon for failure to pay property taxes,
for a minimum opening bid amount 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, rounded up to the next ten dollar increment. The minimum opening bids are identified on
the attached and incorporated Exhibit A.
Attest:
APPROVED THIS THE ~ O
James R. Bray, City Attorney
DAY OF
,2001:
Lisa Aguilar, y Attorney
LOA/RES.044
'*'458
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CORPUS CHRISTI, TEXAS
The above resolution was passed by the~ollowing 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.044