10-121
10-121
CITY COMMISSION AGENDA
- Meeting Date:
- 11/17/2010
- Title:
- Bid # 2011-232 Tax Foreclosed Properties Property In Trust Sale #13
- Submitted By:
- Rita Williams, Purchasing
- Department:
- Purchasing
ACTION REQUEST (Brief Summary)
Approve the sale of certain tax foreclosed properties located in Texas City and currently held in trust by the City for all taxing entities.
BACKGROUND
Bid packets were picked up by individuals beginning September 24, 2010. The bids were due on Thursday, October 21, 2010 at 2:00 p.m. A bid tabulation is attached for your review.
The Property In Trust (PIT) Committee met on Thursday, November 4 at 2:00 p.m. and accepted all offers and bids from qualified purchasers.
The Property In Trust (PIT) Committee met on Thursday, November 4 at 2:00 p.m. and accepted all offers and bids from qualified purchasers.
ANALYSIS
Therefore, it is my recommendation that the City of Texas City approve the sale of certain tax foreclosed properties and authorize the Mayor to execute trustee deeds on behalf of all the taxing entities.
Thank you.
Thank you.