HomeMy WebLinkAboutIR 9599 Corrected INFORMAL REPORT TO CITY COUNCIL MEMBERS No. 9599
To the Mayor and Members of the City Council October 22, 2013
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*a SUBJECT: SALE OF TAX FORECLOSED PROPERTY
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As part of the 2013-2014 Budget, the City Council eliminated one Land Agent position in the
Housing and Economic Development Department and authorized staff to arrange for the sale of
all tax foreclosed property. Currently the City has over 650 tax foreclosed properties in its
inventory. Attached is a list of the tax foreclosed property currently in the City's inventory. Maps
detailing the properties to be sold for each Council district are being developed and will be posted
on the City's website by Wednesday, October 23.
In order to sell the properties as directed by City Council, staff will proceed as follows:
• Staff will hold three sealed bid sales in the month of November:
o November 18, 2013
o November 21 , 2013
o November 22, 2013
• Notices of the bid sales will be published in the newspaper on the following days:
o October 27, 2013.
o November 3, 2013
o November 10, 2013
o November 17, 2013
• Staff will hold informational meetings about the sale at City Hall in the Pre-Council
Chamber on:
o October 28, 2013 at 6:00 pm
o October 29, 2013 at 2:00 pm
o November 4, 2013 at 10:00 am and 6:00 pm
o November 11 , 2013 10:00 am and 6:00 pm
Staff anticipates placing an M&C authorizing the sales on the City Council agenda for December
17th
If you have any questions, please contact Jay Chapa, Director of Housing and Economic
Development, at 817-392-5804.
Tom Higgins
City Manager
ISSUED BY THE CITY MANAGER FORT WORTH, TEXAS