Resolution No. 94-13 CITY OF TIGARD, OREGON
RESOLUTION NO. 94-J_3 _
A RESOLUTION RE-ESTABLISY,ING MINIMMM TERidS FOR THE SALE OF A VACANT
_ PARCEL OF RESIDENTIAL PROPERTY LOCATED ON MCDONALD STREET AND
AUTHORIZING THE SALE OF THE PROPERTY.
WHEREAS, Resolution 93-20 dated April 27, 1993 authorized the sale of
this property by sealed bid at a minimum price of $43,200; and
WHEREAS, a sealed bid sale was advertised and held on May 28, 1993 at
which no bids were received; and
WHEREAS, the Council's intent remains to dispose of this surplus
property and recoup the principal amount of outstanding assessments and
as much of the outstanding interest as possible;
NOW, THEREFORE, BE IT RESOLVED by the Tigard City Council that:
Section 1: The minimum acceptable price for the property described
above shall be re-established at $35,000, and another
sealed bid sale shall be held.
Section 2: If no acceptable bids are received, the Finance Director
is authorized to list the property with a broker in
accordance with TMC 3.44.015(H) .
Section 3: The Finance Director is authorized to negotiate and to
sign documents on behalf of the City to complete the sale
.transaction.
Section 4: The Finance Director is authorized to apply the net
proceeds from the sale first to principal, then to
interest in the Bancroft Debt Service fund. Any
assessment interest remaining after all net proceeds have
bea . applied shall be written oft and discharge.
PASSED: Thisdna day of ��7Q,f� s 1994.
City of Tigard
Lou Pna s'.d OVL-�
ATTEST-
City Recorder - City of Tigald
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