HomeMy WebLinkAbout(0055) M&C 21-0039City of Fort Worth,
Mayor and
Texas
Council Communication
DATE: 01/12/21 M&C FILE NUMBER: M&C 21-0039
LOG NAME: 21 PMD TF DIRECT SALE 1017 MADDOX AVE (E)
SUBJECT
(CD 8) Authorize the Direct Sale of a Tax -Foreclosed Property Located at 1017 Maddox Avenue East for a Total Cost of $2,583.00 to Fort Worth
Area Habitat for Humanity, Inc., d/b/a Trinity Habitat for Humanity, in Accordance with Section 34.05 of the Texas Property Tax Code and City
Ordinance Number 13533
RECOMMENDATION:
It is recommended that the City Council:
1. Authorize the direct sale of a tax -foreclosed property located at 1017 Maddox Avenue East for a total cost of $2,583.00 to Fort Worth Area
Habitat for Humanity, Inc., d/b/a Trinity Habitat for Humanity, in accordance with Section 34.05 of the Texas Property Tax Code and City
Ordinance Number 13533; and
2. Authorize the City Manager or his designee to execute and record the appropriate instrument conveying the property to complete the sale.
DISCUSSION:
Fort Worth Area Habitat for Humanity, Inc., d/b/a Trinity Habitat for Humanity (Buyer), submitted a direct sale request to the Property Management
Department to purchase the tax -foreclosed property referenced below. The City of Fort Worth (City) received the property through a constable sale
after a tax -foreclosure suit. In accordance with Section 34.05 of the Texas Tax Code, the City is authorized to conduct a direct sale of tax -
foreclosed properties to a buyer for the purpose of affordable housing. The total for the property is $2,583.00, which includes administrative fees.
In 1998, the City Council approved an ordinance for the conveyance of tax -foreclosed properties to non-profit entities for the development of low-
income housing, Mayor and Council Communication (M&C G-12284; Ordinance No. 13533). The ordinance allows the City to sell tax -foreclosed
properties to eligible non-profit entities for twenty percent (20%) of the Tarrant Appraisal District value as long as the property will be used for the
development of low-income housing. Every taxing entity signed an Interlocal Agreement adopting the ordinance and granting consent to property
sales made pursuant to the ordinance.
Staff recommends the property be sold as outlined below:
TAD
Property
Legal
20% of
Court
CFW
Total
Account
Purchase
Zoning
Address
Description
TAD Value
Cost
Fee
#
Price
00848875
1017 Maddox Ave
Lot 1
$1,000.00
$733.00
$850.00
$2,583.00
A-5
East
Elston Addn
Buyer is responsible for all related costs, including providing proof of payment of the post judgment taxes prior to the conveyance of the
property. The total cost includes the purchase price, court costs, and applicable fees. The Development Services Department reviewed the
current zoning of the property and determined the zoning classification of the property 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 $2,583.00 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 property is located in COUNCIL DISTRICT 8.
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