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County accepts private resale bids on three struck-off properties, Linebarger recommends sales
Summary
Linebarger attorney presented three private bids on struck-off properties and recommended acceptance of two higher offers and discussion of a lower third bid; the court voted to accept the recommendations and asked for a later collections report.
During the Aug. 25 session the court considered private resale bids for properties previously struck off to the county. Michael (transcript: 'Michael Kingo'/'Cano') of Linebarger explained private bids are like settlement offers after a property fails to sell at public auction and that the two larger bids (~$20,900 each) offered a 70–72% recovery of tax owed, which Linebarger recommended the court accept.
On the third lot the present bid was $4,000 against an analyzed value the attorney later corrected to roughly $17,005.60; Linebarger noted that after deducting district clerk, sheriff and publication fees the net proceeds to satisfy taxes would be small. The attorney recommended accepting the bids to return properties to the tax rolls and possibly spur improvements. The court approved the recommended acceptances by motion and vote; Linebarger said it will return with a detailed collections report at a later date.
The court recorded the vote and asked for further collections reporting going forward. No public objections were recorded in the meeting record.
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