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R-1258-6-94RESOLUTION NO. 1258-6-94(R) A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ALLEN, COLLIN COUNTY, TEXAS, AUTHORIZING THE TAX ASSESSOR/COLLECTOR TO RESELL PROPERTY OWNED BY THE CITY OF ALLEN FOR CONSIDERATION OF LESS THAN TOTAL TAXES OWED. WHEREAS, the City of Allen has numerous properties standing in the name of AISD, City of Allen, and Collin County, acquired by tax sale pursuant to Chapter 34 of the Texas Property Tax Code; and, WHEREAS, the City of Allen desires to dispose of the properties, or their interest in the properties; and, WHEREAS, there may be outstanding taxes due and payable to the City of Allen on these properties; and, WHEREAS, there may be outstanding taxes due and payable on these properties to other taxing jurisdictions; and, WHEREAS, the City of Allen is of the opinion that other taxing jurisdictions would be willing to enter into an agreement with them for disposal of these properties; and, WHEREAS, with consent of each taxing jurisdiction entitled to receive proceeds from the sale of these properties, an amount less than the total owed for taxes could be received for the sale of the properties; and, WHEREAS, no taxes or revenues are being generated by the properties for any of the taxing jurisdictions as long as the properties are owned by the City of Allen and other taxing jurisdictions; NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ALLEN, COLLIN COUNTY, TEXAS THAT: SECTION 1: After attempting to sell property pursuant to Section 34.01 of the Property Tax Code, any and all property qualifying for the resale provisions of Section 34.05 of the Property Tax Code are hereby assigned to the AISD/City of Allen Tax Assessor/Collector for immediate disposal. The Tax Asses- sor/Collector shall determine the minimum bid, if any, to be required at the time of sale. SECTION 2: The City Manager of the City of Allen is empowered to execute all deeds or other documents necessary and/or convenient to effectuate the sale of the property pursuant to the provisions of Section 34.05 of the Property Tax Code. SECTION 3: The Tax Assessor/Collector for the City of Allen/AISD is hereby authorized and directed to enter into an agreement with other taxing jurisdictions, wherein all property in the name of any of the jurisdictions shall be disposed of. Said agreement to call for disposal of property at whatever price required to actually dispose of the property, with the actual proceeds being disbursed according to Section 34.06 of the Property Tax Code: (a) All cost and expense of court; (b) All cost and expense of sale; (c) The balance of proceeds to each taxing jurisdiction as provided by Section 34.02 of the Property Tax Code. SECTION 4: The City of Allen is desirous of disposing of these properties at any price in order to generate the future revenue which will be forthcoming from the property being placed back on the tax rolls. As stated above, the proceeds from the sale are to be disbursed as provided by Section 3 above. SECTION 5: The City Council of the City of Allen directs that this Resolution and the Agreement attached hereto be in multiple parts and that a signed original Agreement be delivered immediately with copies of the Resolution to all other taxing jurisdictions for their acceptance. SECTION 6: The City Manager of the City of Allen and the Tax Assessor/Collector are authorized and directed to do any and all things necessary and proper in connection with this Resolution. DULY PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF ALLEN, COLLIN COUNTY, TEXAS, ON THIS THE 2ND DAY OF JUNE APPROVED: Joe Farmer, MAYOR AT'!'FST: 4dyl6mon., CMC, CITY SECRETARY Resolution No. 1258-6-94(R) page 2 i RESOLUTION NO. 1258-6-94(R) AGREEMENT FOR RESALE OF ACQUIRED TAX LIEN FORECLOSURE PROPERTY STATE OF TEXAS COUNTY OF COLLIN WHEREAS on the day of '19 an offer to purchase the following described property was presented to the City Council of the City of Allen, and it being the opinion of said City Council that such offer should be accepted; i The City of Allen agreed to the resale of the following described acquired property, held in i Trust on behalf of all involved taxing authorities, for the following terms: Description of Property: Tax Account No. i Total Sale Price: Court Cost: Costs of Foreclosure Sale: Portion of Sale Price to Allen ISD: Portion of Sale Price to City of Allen: Portion of Sale Price to Collin County: Signed on behalf of the City of Allen by authority given in a Resolution of the City Council of the City of Allen on the day of , 199 . RESOLUTION NO. 1258-6-94(R) Linda K. Engle, Tax Assessor/Collector AISD/City of Allen, TX. This agreement accepted and approved on behalf of Allen Independent School District on the day of , 199_. i Dr. Barbara Erwin, Superintendent i This agreement accepted and approved on behalf of Collin County on the day of . 199_. By: Ron Harris, Judge Commissioners' Court, Collin County, TX. This agreement accepted and approved on behalf of City of Allen, Texas, on this day of , 199_ By: Jon McCarty, City Manager Allen, TX. 2 AGREEMENT FOR RESALE OF ACQUIRED TAX LIEN FORECLOSURE PROPERTY STATE OF TEXAS COUNTY OF COLLIN f WHEREAS on the day of , 19 an offer to purchase the following described property was presented to the City Council of the City of Allen, and it being t the opinion of said City Council that such offer should be accepted; The City of Allen agreed to the resale of the following described acquired property, held in Trust on behalf of all involved taxing authorities, for the following terms: Description of Property: Tax Account No. Total Sale Price: Court Cost: Costs of Foreclosure Sale: Portion of Sale Price to Allen ISD: Portion of Sale Price to City of Allen: Portion of Sale Price to Collin County: Signed on behalf of the City of Allen by authority given in a Resolution of the City Council of the City of Allen on the day of 199. Linda K. Engle, Tax Assessor/Collector AISD/City of Allen, TX. This agreement accepted and approved on behalf of Allen Independent School District on the day of , 199. Dr. Barbara Erwin, Superintendent This agreement accepted and approved on behalf of Collin County on the day of , 199. By: Ron Harris, Judge Commissioners' Court, Collin County, TX. This agreement accepted and approved on behalf of City of Allen, Texas, on this day of , 199 By: Jon McCarty, City Manager Allen, TX. 2