(5)(e)
CITY COMMISSION REGULAR MTG
- Meeting Date:
- 06/03/2020
- Title:
- Submitted By:
- Rhomari Jackson, City Secretary
- Department:
- City Secretary
Information
ACTION REQUEST (Brief Summary)
Consider and take action on Resolution No. 20-047, approving the sale of 11 PIT properties to the TCEDC. (Community Development)
BACKGROUND
These properties were purchased by the TCEDC. They are located in the IBD and cannot be used for residential or general retail purposes. The TCEDC works with the plants and other companies who can locate in the IBD to get these type of properties back on the tax rolls. Each of these properties are to be sold for $500 each plus any post judgment taxes outstanding (roughly $11,000 total). By Monday there should be a map showing the location of all 11 properties.