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<br /> 79 <br /> ~ç-, <br /> ~' ¡~~ <br /> ~';\'\\ ' C :) ~ <br /> """",.J -IJ <br /> ). ~)'_/ c:/ ' <br /> I~ 'ù'" <br /> LAW OFFICES (~ q:J-. 0) <br /> LINEBARGER HEARD GOGGAN BLAIR :;;; ';", -\ <br /> "-., [, . /) <- <br /> GRAHAM PEÑA & SAMPSON, LLP ~'j:', (0 OJ J <br /> c.r-, {<>~- ,'-.. <br /> ~ .~¿~~~;';;;; - co J <br /> 1949 SOUTH I.H. 35 c--J '" ,;.~(. C/::>, <br /> ç:2 />:~*3 . '1~~ - <'::5' <br /> P.O. BOX 17428 ',---: '. "'- ~. ~2'l <br /> AUSTIN, TEXAS 78760 ¿/ " ^~ <br /> ';/¿Z ~~ <br /> . '/~ Ì\~ .V <br /> Telephone: (512) 447-6675 ~J1L(I,~/ <br /> Facsimile: (512) 443-3494 <br /> F. Duane Force <br /> March 2, 1998 <br /> Mr. Mark Taylor, City Attorney <br /> City of San Marcos <br /> 630 E. Hopkins <br /> San Marcos, Texas 78666 <br /> RE: REQUEST FOR COUNCIL AGENDA ACTION ITEM <br /> CONSIDERATION OF BID RECEIVED FOR TAX RESALE OF <br /> 61.23 ACRES (ADJACENT TO HAYS COUNTY CIVIC CENTER) <br /> AND AUTHORIZING LEGAL COUNSEL TO NEGOTIATE CON- <br /> TRACT OF SALE <br /> Dear Mr. Taylor: <br /> Enclosed is a copy of a letter received by Luanne Caraway, the tax assessor-collector, <br /> from Corridor Village Company, LLC of San Marcos. The company has offered the sum of <br /> $211,000 for the property described above and which is now held by Hays County, in trust for all <br /> of the local taxing units. The last offer we had for this property was the sum of $157,920 which <br /> the county and school district approved, but the city rejected. <br /> The total aggregate amount of taxes, penalty and interest owing on the property assessed <br /> by the city, school and county is $ 290,065.40. The bid of $ 211,000 represents a 73% recovery <br /> of the taxes, penalty and interest actually due. <br /> The stake which the City of San Marcos has in the matter is the amount of $ 83,596.14 <br /> in taxes, penalty and interest owing. If the bid of $ 211,000 is accepted, the city's 73% recovery <br /> would amount to the sum of $ 61,025.18. <br /> By way of information, we would also mention that the latest certified value of the <br /> property, according to the Hays County Appraisal District's 1997 appraisal roll, is carried at <br /> $277,890. <br /> We would appreciate your having this matter placed on the agenda of the council's next <br /> regularly scheduled meeting, and I will be happy to attend the council meeting and be available <br /> to answer any questions if you think that would be helpful. Please let me know. In the <br /> meantime, please feel free to call if you need any additional information. <br />