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Res 022-2018 2/20/2018PAGE 1 OF 10 PAGES AGENDA ITEM NO. 5.B Resolution No. _22-2018_ Resolution allowing four (4) trustee properties, 701 Duncan St., 618 Harrison St., 1222 31st St., and 111 McLaughlin St. to be sold for less than the total amount of the judgment against said properties as authorized by Section 34.04(i) of the Texas Tax Code WHEREAS, from time to time, the City of Wichita Falls, along with the Wichita Falls Independent School District and Wichita County, recovers judgments in suits filed in the District Courts of Wichita County, Texas, for de linquent taxes, penalties, and interest and the foreclosure of the tax lien on properties located in the City of Wichita Falls, Wichita County, Texas; the City Council, desires to reduce the inventory of real property acquired from delinquent tax suits; an d, WHEREAS, the County Commissioners and the WFISD School Board have both voted to accept the written offer requests as presented; and, WHEREAS, it is determined to be in the best inter est of the public to return these properties to private ownership and put them back on the tax roll. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WICHITA FALLS, TEXAS, THAT: The trustee properties located at 701 Duncan St., 618 Harrison St., 1222 31st St., and 111 McLaughlin St. may be sold for less than the total amount of the judgments against them as authorized by Section 34.05(i) of the Texas Tax Code, with such sale to be as described in the attached Request to Purchase, and the City Manager is authorized to execute the deed s to such properties in such form as is approved by the City Attorney. PASSED AND APPROVED this the 20th day of February, 2018. ______________________________ M A Y O R ATTEST: ____________________ City Clerk PAGE 2 OF 10 PAGES AGENDA ITEM NO. 5.B Request to Purchase 1 – 701 Duncan St. - Lot 22, Block 1, Jackson-Denman Addition Maryland Equity Partners, LLC. Written Offer: $150.00 Judgment Amount: $3,296.00 Appraisal Value: $750.00 PAGE 3 OF 10 PAGES AGENDA ITEM NO. 5.B LOCATION MAP – 701 Duncan St. 701 Duncan St. 701 Duncan St. PAGE 4 OF 10 PAGES AGENDA ITEM NO. 5.B Request to Purchase 2 – 618 Harrison St. - North 44 feet of Lot 1, Block 9, Sunset Heights Addition Jesus Ramirez Written Offer: $750.00 Judgment Amount: $1,084.00 Appraisal Value: $1,050.00 PAGE 5 OF 10 PAGES AGENDA ITEM NO. 5.B LOCATION MAP – 618 Harrison St. 618 Harrison St. 618 Harrison St. PAGE 6 OF 10 PAGES AGENDA ITEM NO. 5.B Request to Purchase 1 –1222 31st St. - Lot 23 and the west 6 feet of Lot 24, Block 1, Hillcrest Addition Martha Vazquez Written Offer: $1,000.00 Judgment Amount: $3,101.28 Current Land Value: $1,400.00 PAGE 7 OF 10 PAGES AGENDA ITEM NO. 5.B LOCATION MAP – 1222 31st St. 1222 31st St. PAGE 8 OF 10 PAGES AGENDA ITEM NO. 5.B Request to Purchase 1 –111 McLaughlin St. - Lot 6, Block 9, Reilly Addition Manuel Navarrete Written Offer: $300.00 Judgment Amount: $3,872.82 Current Land Value: $668.00 1222 31st St. PAGE 9 OF 10 PAGES AGENDA ITEM NO. 5.B LOCATION MAP – 111 McLaughlin St. PAGE 10 OF 10 PAGES AGENDA ITEM NO. 5.B 111 McLaughlin St. 111 McLaughlin St.