Action 21.
Regular Board of Supervisors Meeting
Board of Supervisors
- Meeting Date:
- 06/12/2012
- Title:
- OTC
- 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?:
Information
Agenda Item Text:
Approve over-the-counter sales of tax deed properties remaining unsold following the March 1, 2012 tax deed land auction and subsequent over-the-counter sales, as set forth in the attached report, plus related administrative fees.
Background:
Following Board approval on March 8, 2012 of the March 1, 2012 land auction sales, staff posted the Unsold Parcels on the county's website and began accepting over-the-counter (OTC) bids. OTC sales were last approved at the May 8, 2012 Board meeting. Additional OTC bids have been received and are reflected on the attached report; in addition, each bidder will pay a $75 administrative fee. Bids and associated payments have been received by BOS office staff for each of the parcels listed on the report.
For this OTC sale, an additional 4 parcels have been sold for a total of $200, plus $75 in administrative fees (total revenue $275). Acceptance of these bids, together with previous tax deed land sales in 2012 bring the total YTD sales to $30,738 ($28,488 in parcel sales and $2,250 in administrative fees).
There are 73 parcels remaining for sale (see attached unsold parcels list).
For this OTC sale, an additional 4 parcels have been sold for a total of $200, plus $75 in administrative fees (total revenue $275). Acceptance of these bids, together with previous tax deed land sales in 2012 bring the total YTD sales to $30,738 ($28,488 in parcel sales and $2,250 in administrative fees).
There are 73 parcels remaining for sale (see attached unsold parcels list).
Department's Next Steps (if approved):
Deposit checks and provide Sold Parcels list to County Treasurer; update Unsold Parcels list and re-post to County website; when funds clear, issue & record deeds.
Impact of NOT Approving/Alternatives:
Properties will not be sold and will not be put back on the County's tax roll.
To BOS Staff: Document Disposition/Follow-Up:
Refer to Dept's Next Steps, above.