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Action 11.

Regular Board of Supervisors Meeting

Board of Supervisors

Meeting Date:: 06/10/2014
Title:: Approve Sales from the June 5, 2014 Tax Deed Land Auction
Submitted By:: Arlethe Rios, Board of Supervisors
Department:: Board of Supervisors

Presentation:

No A/V Presentation

Recommendation:

Document Signatures:

# of ORIGINALS
Submitted for Signature:

NAME
of PRESENTER:

Arlethe G. Rios

TITLE
of PRESENTER:

Clerk of the Board

Mandated Function?:

Source of Mandate
or Basis for Support?:

Information

Agenda Item Text:

Approve sales from the June 5, 2014 Tax Deed Land Auction of parcels and units listed on Exhibit A in the total amount of $107,950 and authorize the Clerk to post the remaining unsold properties for sale on an over-the-counter basis (see Exhibit B).

Background:

On June 5, 2014, the Tax Deed Land Auction was conducted, resulting in property sales of $106,450 and administrative fees of $1,500. A total of 295 parcels were sold. Total single parcel sales were $73,060 and total multiple parcel-unit sales were $33,390, as shown on the attached Exhibit A (Parcels Sold). All funds were collected the day of the auction and deposited with the County Treasurer the following day. A listing of the Parcels Sold was also provided to the County Treasurer to update the tax roll.

Exhibit B shows the remaining Unsold properties still available for over-the-counter (OTC) purchase. Staff is requesting the Board authorize posting of the OTC list immediately, together with the updated interactive map. Some sealed bid bidders who were unsuccessful in obtaining all of the properties they bid on have asked BOS staff to retain the excess funds to be applied toward possible OTC purchases.

Prior to posting the OTC list, however, BOS staff will REVISE the OTC Terms and Conditions:
1) to include a provision that any counter-bids offered in an OTC sale must be in increments of $25 over the submitted bid, and
2) that if multiple bids are received on the same parcel in an OTC situation, all bids will be opened and the highest bidder will be successful. If two or more bids for the same parcel are received for the same amount, the bid received first will be awarded the property.

Many thanks to Supervisor Ann English and Richard Searle for performing the auctioneering.

Department's Next Steps (if approved):

Post OTC property list on website and work with bidders interested in purchasing those properties. REVISE OTC terms and conditions as noted above.
When funds have cleared the bank and all required notarized forms are in, issue deeds to new owners and record same.

Impact of NOT Approving/Alternatives:

Properties will not be deeded to the buyers and deposited funds will be returned.

To BOS Staff: Document Disposition/Follow-Up:

See Background section & Dept Next Steps section.

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