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Adopt a resolution accepting claims for excess proceeds from tax-defaulted property sales and authorizing distribution of excess proceeds pursuant to California Revenue and Taxation Code Sections 4671 through 4676
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Published Notice Required? Yes ___ No _X_
Public Hearing Required? Yes ___ No _X_
DEPARTMENTAL RECOMMENDATION:
The Office of County Counsel recommends that the Board adopt a resolution accepting claims for excess proceeds from tax-defaulted property sales and authorizing distribution of excess proceeds pursuant to California Revenue and Taxation Code Sections 4671 through 4676.
SUMMARY
Pursuant to Board of Supervisors' Resolution No.2022-212 and 2023-23 on February 8-9, 2023, March 28-29, 2023, and May 9-11, 2023, the Solano County Treasurer/Tax Collector/County Clerk ("Tax Collector") conducted a public auction of tax-defaulted properties on the internet. After the properties were sold, the delinquent taxes, interest, penalties and statutory administrative costs were paid from the proceeds. The remaining sums are deemed excess proceeds. The Tax Collector is entitled to make a claim for the actual costs related to the distribution of excess proceeds and pursuant to the California Revenue and Taxation Code sections 4671 through 4676, all other persons with an interest in the properties have one year in which to file a claim for excess proceeds from the sale. The former owner of a property can make a claim for any residual amount, after the Tax Collector has been paid its costs and all creditors with valid claims have been paid.
Twenty-three (23) parcels were sold at the auctions. The Tax Collector received proceeds in excess of the sums owed the Tax Collector on three (3) of the parcels sold and received claims for excess proceeds on all three. The requested action authorizes distribution of the excess proceeds funds from the sale of two of the three parcels, APN 0109-270-100 and APN 0141-010-090, according to statutory ...
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