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GARLAND
CITY COUNCIL STAFF REPORT

Work Session Item 3.

City Council Work Session

Meeting Date:

03/18/2024

Title: Sale of Property at 600 Rayburn Street

Submitted By:

Corey Worsham

Strategic Focus Area:

Vibrant Neighborhoods and Commercial Centers
Sound Governance and Finances

Issue/Summary

Council is requested to consider an unsolicited offer from Garland Housing Finance Corporation related to the purchase of City-owned property obtained through a 1990 Sheriff's sale. Garland Housing Finance Corporation has presented an offer of $3,000 for the property located at 600 Rayburn Street. If approved, the City will receive approximately $1,771.05 in proceeds from this sale.

Background

The property was struck off to the City of Garland at the Dallas County Sheriff's Sale on January 2, 1990. In accordance with Section 34.05 of the Texas property tax code, the offer meets minimum bid requirements requiring no additional consent.

Consideration / Recommendation

The property has been held by the City of Garland since 1990. Pursuant to Section 34.05 of the Texas property tax code, it may be resold to a private entity with the approval of the governing body.

Staff recommend the City Council adopt a resolution approving the sale of 600 Rayburn Street to Garland Housing Finance Corporation. Unless otherwise directed by Council, this item will be scheduled for formal consideration at the April 2, 2024 Regular Meeting.

Attachments

Resolution - 600 Rayburn

600 Rayburn - Offer

600 Rayburn - Map and Pic

600 Rayburn - Deed