Action 12.
Regular Board of Supervisors Meeting
Board of Supervisors
- Meeting Date:
- 06/21/2011
- Title:
- Approve 6.6.11 Tax Deed Land Sales
- Submitted By:
- Arlethe Rios, Board of Supervisors
- Department:
- Board of Supervisors
Presentation:
No A/V Presentation
Recommendation:
Document Signatures:
# of ORIGINALS
Submitted for Signature:
Submitted for Signature:
NAME
of PRESENTER:
of PRESENTER:
Katie Howard
TITLE
of PRESENTER:
of PRESENTER:
Clerk of the Board
Mandated Function?:
Source of Mandate
or Basis for Support?:
or Basis for Support?:
Agenda Item Text:
Approve the winning bids from the Cochise County Tax Deed Land Auctiton of June 6, 2011, subject to the Terms and Conditiions of the bids, as posted on the County's website.
Background:
The Board of Supervisors office conducted its 2011 Land Auction. In sum, proceeds from the sale were $80,900, including admin fees of $1,575. There were 21 successful bidders who purchased a total of 1,725 parcels/units.
Attached to this board item is the Payment Method Report, showing how our bidders paid for their properties; a SOLD parcels report and an UNSOLD parcels report. The UNSOLD parcels report shows that there were 132 parcels remaining for Over-The-Counter purchase at the conclusion of the sale.
Attached to this board item is the Payment Method Report, showing how our bidders paid for their properties; a SOLD parcels report and an UNSOLD parcels report. The UNSOLD parcels report shows that there were 132 parcels remaining for Over-The-Counter purchase at the conclusion of the sale.
Department's Next Steps (if approved):
The 2010-11 FY targeted revenue from Tax Deed Land Sale proceeds was $100,000. This sale comprises 80% of that target. Additional bids for over-the-counter sales are also presented separately on today's agenda. Once the sales from the Auction are approved, and if the over-the-counter sales are also approved at the bid amounts, we will have achieved 92%+ of our annual target, despite the delay in holding the auction this year. This revenue is credited to the General Fund.
Impact of NOT Approving/Alternatives:
Winning bids would not be approved.
To BOS Staff: Document Disposition/Follow-Up:
After confirmation of cleared funds and receipt of required forms, issue deeds to purchasers of property. Update Unsold Properties list and post to the website; continue soliciting over-the-counter bids on unsold properties.