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HomeMy WebLinkAbout025798 RES - 06/22/2004RESOLUTION AUTHORIZING THE RESALE OF ONE FORECLOSED PROPERTY LOCATED AT 3942 MARLIN WHICH WAS FORECLOSED UPON FOR FAILURE TO PAY AD VALOREM TAXES FOR $7,000; AND DECLARING AN EMERGENCY. WHEREAS, the taxing authorities hold in trust the property located at 3942 Marlin; WHEREAS, the taxing authorities desire to obtain the best possible price for the property and return this property to the tax rolls. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF CORPUS CHRISTI, TEXAS: SECTION '1. As the governing body of the City of Corpus Christi, the City Council authorizes the resale of the property located at 3942 Marlin, Corpus Christi, Texas which was foreclosed upon the failure to pay ad valorem taxes, for $7,000. The analysis of the bid received for tax resale property is attached to and incorporated into this resolution as Attachment A. A tax map showing the location of the property is attached to and incorporated into this resolution as Attachment B. SECTION 2. That the Nueces County Judge is authorized to execute a resale deed upon payment to the City of the City's share of the tax resale proceeds. Armando Chapa City Secretary  ~.CORPUS CHRISTI Mayor APPROVED: 17th day of June, 2004. FR2s~isi~ rn tg C~'~ty Att o r ney For City Attorney R44111A1 .doc 2 Corpus Christi, Texas ,2004 The above resolution was passed by the following vote: Samuel L. Neal, Jr. Brent Chesney Javier D. Colmenero Melody Cooper Henry Garrett Bill Kelly Rex A. Kinnison Jesse Noyola Mark Scott R44111A1.doc Y ATTACHMENT A ANALYSIS OF BID RECEIVED FOR TAX RESALE PROPER'rY Suit Number & Style: Tax ID~ & Legal: Property Location: 96-4849-F; Nueces County vs. Ethel Marie Askey 0772-0002-0060; Lot 6, Block 2, Blue Water Subdivision 3942 Marlin - Corpus Christi Date of Sale: Amount Due All Entities: Amount of Bid: Cost of Sale: Current Value: % of Total Due: % of Current Value: August 23, 2000 7,516.35 7,000.00 405.00 10,910.00 93.13% 64.16% Entity Name Nueces County Amount Due Each Entity 977.49 Amount You Will Receive 857.67 City of Corpus Christi Flour Bluff Independent School District Del Mar College City Paving & Demo Liens 981.43 861.13 2,282.41 2,002.63 319.42 280.27 2,955.60 2,593.30 RESIDENTIAL LOT, APPROXIMATELY IO0'X 125' LOCATED 1,'2 BLOCK WEST OF THE LAGUNA SHORES/YORKTOWN INTERSECTION THE PROSPECTIVE PURCHASER IS GAUDENCIA MOLINA, JR. OF HOUSTON 615 211 ¥O,q KTO WN