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Adopt a resolution accepting claims for excess proceeds from tax-defaulted property sales and authorizing distribution of excess proceeds from the sales
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Published Notice Required? Yes ____ No _X _
Public Hearing Required? Yes ____ No _X _
DEPARTMENTAL RECOMMENDATION:
It is recommended that the Board adopt a resolution accepting claims for excess proceeds from tax-defaulted property sales and authorizing distribution of excess proceeds from the sales.
SUMMARY:
Pursuant to Board of Supervisors' Resolution No. 2017-22, on May 26, 27, 28, 29 and 30, 2017, the Solano County Treasurer/Tax Collector/County Clerk ("Tax Collector") conducted a public auction of tax-defaulted properties on the internet. A Public Auction Re-offer was made on unsold properties on June 21, 2017. After the properties were sold, the delinquent taxes, interest, penalties and statutory administrative costs for the sale of the property were paid from the proceeds. The remaining sums are deemed excess proceeds.
The Tax Collector is entitled to make a claim for statutorily authorized actual costs related to notice for claims for the distribution of excess proceeds pursuant to the Revenue and Taxation Code prior to the payment of claims against the excess proceeds. All other persons with an interest in the properties have one year from the recording of the tax deed 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 authorized costs and all creditors with valid claims have been paid.
Five (5) parcels were sold at the auctions. The Tax Collector received proceeds totaling $619.40 in excess of the sums owed the Tax Collector on all of the parcels sold and received claims for excess proceeds on one (1) of the parcels. The requested action authorizes distribution of the excess proceed funds according to statutory priority and the resolution....
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