HomeMy WebLinkAbout(0030) M&C 21-0331City of Fort Worth,
Mayor and
Texas
Council Communication
DATE: 05/11/21 M&C FILE NUMBER: M&C 21-0331
LOG NAME: 21 PMD TF DIRECT SALE 2623 PROSPECT AVE
SUBJECT
(CD 2) Authorize Direct Sale of a Tax -Foreclosed Property Located at 2623 Prospect Avenue, for a Total Cost of $14,830.00, to B. J. Washington,
Jr. 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 a tax -foreclosed property located at 2623 Prospect Avenue, for a total cost of $14,830.00, to B. J. Washington
Jr. 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 instrument conveying the property to complete the sale.
DISCUSSION:
The 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 Deed after a tax -foreclosure suit. The property has been offered on
several previous sealed bid sales, 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.
Constable
City
Total
Street
Street
Legal Description
Deed
of Fort Worth
Purchase
Zoning
No.
Name
Amount
Fees
Price
2623
Prospect Ave
Lot 12, Block 34
$13,230.00
$1,600.00
$14,830.00
A-5
M. G. Ellis Addition
Staff recommends selling the referenced property to the buyer, who 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 Constable Deed amount and City 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 $14,830.00 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 2.
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 W. Dana Burghdoff 8018
Originating Business Unit Head: Steve Cooke 5134
Additional Information Contact: Ricardo Salazar 8379
Andrea McIntosh 6253