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2.h.
TCEDC Agenda
Meeting Date:
08/16/2017
Title:
Submitted By:
James Hartshorn, City Secretary
Department:
City Secretary

ACTION REQUEST (Brief Summary)

Consider and take action on Resolution No. 17-22, approving expenditures for demolition of the structure located at 507 Texas Avenue for an amount not to exceed $25,000.

BACKGROUND

Similar to the previous item, code enforcement had determined this property is unsafe.  However, this property is a Property In Trust (PIT) meaning the taxing entities are now the trustees since the owner defaulted on the taxes.  We will place a lien, however, more than likely, we can acquire the land at the last struck price.  We will approach the PIT committee and ask, since the TCEDC abated the nuisance, if we can leverage that against the last struck value.

ANALYSIS

ALTERNATIVES CONSIDERED