HomeMy WebLinkAbout(0063) M&C 20-0962City of Fort Worth,
Mayor and
Texas
Council Communication
DATE: 12/15/20 M&C FILE NUMBER: M&C 20-0962
LOG NAME: 21 PMD TF DIRECT SALE OF 19 COUNCIL DISTRICT 5 PROPERTIES
SUBJECT
(CD 5) Authorize the Direct Sale of Nineteen Tax -Foreclosed Properties in the Stop Six Neighborhood to Legacy Construction Solutions, Inc. in the
Aggregate Amount of $309,690.75 in Accordance with Section 34.05 of the Texas Property Tax Code
RECOMMENDATION:
It is recommended that the City Council:
1. Authorize the direct sale of nineteen tax -foreclosed properties in the Stop Six Neighborhood to Legacy Construction Solutions, Inc. in the
aggregate amount of $309,690.75 in accordance with Section 34.05 of the Texas Property Tax Code; and
2. Authorize the City Manager or his designee to execute and record the appropriate instruments conveying the properties to complete the
sale.
DISCUSSION:
Legacy Construction Solutions, Inc. (Buyer) submitted a direct sale request to the Property Management Department to purchase the tax -
foreclosed properties referenced below. The City of Fort Worth (City) received the properties through Constable Deeds after tax -foreclosure
suits. All of the properties have been offered on at least one previous sealed bid sale, but did not sell. In accordance with Section 34.05 of the
Texas Property Tax Code, the City is authorized to conduct a direct sale of tax -foreclosed property to a buyer.
Map
Pro p
TAD
Constable
CFW
Total
#
#
Account
Property Address
Legal Description
Deed
Fees
Purchase
Zoning
#
Amount
Price
5002 Pollard -Smith
1
02949547
Ave
LOT 18, BLOCK 2,
$12,811.05
$1,600.00
$14,411.05
A-5
(FKA 5002 Calumet
STALLCUP ADDN
St)
LOTS 1 & 2, BLOCK 1,
2
02950499
1605 Hill St
STALLCUPS SECOND
$3,000.00
$1,600.00
$4,600.00
A-5
ADDN
3
01363425
4707 Chapman St
LOT 20, BLOCK 1,
$13,835.17
$1,600.00
$15,435.17
A-5
WR HOWARD ADDN
4
01363379
4755 Chapman St
LOT 15, BLOCK 1,
$7 732.15
$1,600.00
$9,332.15
A-5
WR HOWARD ADDN
5
02696967
2001 Edmonia Ct
LOTS 1 & 2, BLOCK 2,
$13,240.27
$1,600.00
$14,840.27
A-5
J C SCOTT SUB
6
01829297
5013 Chapman St
LOT 33, BLOCK 2,
$12,598.17
$1,600.00
$14,198.17
A-5
1
F W MURPHY ADDN
LOTS 9R & 10R, BLOCK
7
03533441
1905 Dillard St
5,
$19,253.37
$1,600.00
$20,853.37
A-5
WALTER WILLI SUB
LOT 14, BLOCK 2,
8
03534588
2201 Dillard St
WALTER WILLI # 4
$17,807.88
$1,600.00
$19,407.88
A-5
ADDN
9
03534472
2401 Dillard St
LOT 4, BLOCK 2,
$17,100.00
$1,600.00
$18,700.00
A-5
WALTER WILLI #4 ADDN
10
03534464
2405 Dillard St
LOT 3, BLOCK 2,
$11,563.29
$1,600.00
$13,163.29
A-5
WALTER WILLI #4 ADDN
11
01653474
4909 Ramey Ave
LOT 13, BLOCK 3,
$5,199.31
$1,600.00
$6,799.31
A-5
MAXWELL SUB
12
01364669
4715 Ramey Ave
LOT 10, BLOCK 7,
$17,821.32
$1,600.00
$19,421.32
A-5
WR HOWARD ADDN
13
00437956
2916 Maceo Ln
LOT 5, BLOCK Q,
$28,800.00
$1,600.00
$30,400.00
A-5
CARVER HTS ADDN
5629 Lester
LOT 23, BLOCK 21,
14
02517019
Granger St
ROSEDALE PARK
$10,106.53
$1,600.00
$11,706.53
A-5
ADDN
2
LOT 10, BLOCK B,
15
03525279
2608 Willspoint Ct
WHITMORE COURTS
$10,440.97
$1,600.00
$12,040.97
A-5
ADDN
LOT 13, BLOCK A,
16
03525112
2509 Willspoint Ct
WHITMORE COURTS
$10,000.00
$1,600.00
$11,600.00
A-5
ADDN
LOT 14, BLOCK 6,
17
00817473
4713 Burton Ave
EDGEWOOD TERR
$23,700.00
$1,600.00
$25,300.00
A-5
ADDN
3
LOT 10, BLOCK 7,
18
00787965
4640 Reed St
EASTWOOD TERRACE
$14,600.00
$1,600.00
$16,200.00
A-5
ADDN
19
03248658
3914 Miller Ave
LOT 3, BLOCK 8,
$29681.27
$1,600.00
$31,281.27
E
GUY E VANCE SUB
Staff recommends selling the referenced properties to Buyer, who is responsible for all related costs, including providing proof of payment of the
post -judgment taxes prior to the conveyance of the properties. The total cost includes the Constable Deed amounts and City fees.
The Development Services Department reviewed the current zoning of the properties and determined the zoning classification of the properties
is compatible with respect to the existing land use of the surrounding neighborhood and future land use designations indicated in the
comprehensive plan.
Upon receipt, the amount of $309,690.75 will be deposited into the General Fund Tax -Foreclosed Property Maintenance Fee and Tax -Foreclosed
Sales accounts for disbursement to the County for the purpose of distributing proceeds to the taxing entities and paying applicable fees.
The properties are located in COUNCIL DISTRICT 5.
A Form 1295 is not required because: This M&C does not request approval of a contract with a business entity.
FISCAL INFORMATION / CERTIFICATION:
The Director of Finance certifies that upon approval of the above recommendations and the execution of the sale, the funds will be deposited into
the General Fund for disbursement to the County for the purpose of distributing proceeds to the taxing entities and paying applicable fees. The
Property Management Department (and Financial Management Services) is responsible for the collection, deposit and reimbursement of funds.
Submitted for City Manager's Office by. Dana Burghdoff 8018
Originating Business Unit Head: Steve Cooke 5134
Additional Information Contact: Ricardo Salazar 8379
Andrea McIntosh 6253