HomeMy WebLinkAboutRES 17-2370
RESOLUTION NO. 17-237
WHEREAS, a demolition lien, dated July 2, 2008, in the amount of $102,550.47
represented by $53,013.00 in principal and $49,537.47 in interest, exist against property
described as 1685 Park Street, Jersey Farm L8, L9, L10, 58' of L7, B8; and,
WHEREAS, Yvonne Como is offering to compromise and settle the amount of
the pay off of the lien for the amount of $40,000.00 for property described as 1685 Park
Street, Jersey Farm L8, L9, L10, 58' of L7, 138; and,
WHEREAS, the City recommends approving payment in the amount of
$40,000.00 for the pay off of a demolition lien on property described as 1685 Park
Street, Jersey Farm L8, L9, L10, 58' of L7, B8, waiving principal in the amount of
$13,013.00, and waiving interest in the amount of $49,537.47;
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 lien payoff for 1685 Park Street, Jersey Farm L8, L9, L10, 58' of L7, B8
be and it is hereby approved in the amount of $40,000.00, principal be and it is hereby
waived in the amount of $13.013.00, and interest be and it is hereby waived in the
amount of $49,537.47; and;
BE IT FURTHER RESOLVED THAT the City Manager is hereby authorized to
execute all documents necessary to evidence the release of the demolition lien in the
amount of $102,550.47 for the above described property in return for the payment of
$40,000.00 principal.
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 7th day of
November, 2017. �ArAk-
��������,
R�Wayor Becky Ames