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GARLAND
CITY COUNCIL STAFF REPORT
Agenda Item 4.
City Council Regular Session
Meeting Date:
04/02/2024
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.
Attachments
Resolution - 600 Rayburn
600 Rayburn - Offer
600 Rayburn - Map and Pic
600 Rayburn - Deed
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