Action 20.
Regular Board of Supervisors Meeting
Board of Supervisors
- Meeting Date:
- 07/26/2016
- Title:
- Approve Sales from the May 2016 Online 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:
Submitted for Signature:
NAME
of PRESENTER:
of PRESENTER:
Arlethe G. Rios
TITLE
of PRESENTER:
of PRESENTER:
Clerk of the Board
Mandated Function?:
Source of Mandate
or Basis for Support?:
or Basis for Support?:
Information
Agenda Item Text:
Approve sales from the May 2016 Tax Deed Land Auction of parcels and units listed on Exhibit A and authorize the Clerk to post the remaining unsold properties for sale on an over-the-counter basis (see Exhibit B).
Background:
From May 2 to May 13, 2016, the second Online Tax Deed Land Auction was conducted, resulting in property sales of $193,997.53 and admin fees of $3,600 for a total of $197,597.53. A total of 304 parcels were sold. All sold parcel information is on the attached Exhibit A (Parcels Sold). All funds were collected through our vendor Public Surplus and a check from them was sent to the County to deposit with the Treasurer's Office. 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.
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 the Board for allowing this process to be done online making it easier for bidders to participate in our auction.
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.
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 the Board for allowing this process to be done online making it easier for bidders to participate in our auction.
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.
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.