HomeMy WebLinkAboutRES 21-119RESOLUTION NO. 21-119
WHEREAS, one (1) demolition lien, dated August 8, 2006, 2010, in the amount
of $15,691.86, represented by $6,520.00 in principal, $9,145.86 in interest; and, $26.00
in lien assessment fee exists against property described as 3565 College Street,
College Acres Lot 50, improperly listed as "Lot 150" on the lien documents; and,
WHEREAS, Fidelity National Title Company is offering to compromise and settle
the amount of the payoff of the lien for the principal amount of $6,520.00, interest in the
amount of $7,176.94 and lien assessment fee in the amount of $26.00, for property
described as 3565 College Street, College Acres Lot 50 for the reason that the lien
documents improperly listed the property as lot 150; and,
WHEREAS, the City recommends approving payment in the amount of
$13,722.94, being $6,520.00 in principal, $7,176.94 in interest, and $26.00 in lien
assessment fee, for the payoff of one (1) demolition lien on property described as 3565
College Street, College Acres Lot 50, improperly listed as "Lot 150" on the lien
documents, and waiving two (2) years of interest in the amount of $1,968.92 is in the
best interest of the City of Beaumont,
NOW, THEREFORE, BE IT RESOLVED BY THE
CITY COUNCIL OF THE CITY OF BEAUMONT:
THAT the statements and findings set out in the preamble to this resolution are hereby,
in all things, approved and adopted; and,
THAT the compromise payoff of the demolition lien for 3565 College Street,
College Acres Lot 50, improperly listed as "Lot 150" on the lien docuemtns, be and it is
hereby approved in the settlement amount of $13,722.94, being $6,520.00 in principal
$7,176.94 in interest, and $26.00 in lien assessment fee abatement fee; and, interest be
and it is hereby waived in the amount of $1,968.92; and,
BE IT FURTHER RESOLVED THAT the City Manager is hereby authorized to
execute all documents necessary to evidence the release of one (1) demolition lien in
the amount of $15,691.86 for the above described property in return for the payment of
$13,722.94 in principal, interest and lien assessment fee.
The meeting at which this resolution was approved was in all things conducted in
strict compliance with the Texas Open Meetings Act, Texas Government Code, Chapter
551
PASSED BY THE CITY COUNCIL of the City of Beaumont this the 11th day of
May, 2021.