To: Board of Supervisors
From: Auditor-Controller
Agenda Section: Consent
SUBJECT:
title
Distribution of Excess Proceeds from Tax Auction of November 2018
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RECOMMENDATION(S):
Recommendation
That the Board of Supervisors:
1. Approve the distribution of excess proceeds resulting from the November 2018 public auction of delinquent property tax parcels to the claimants, and in the amounts, presented in Attachment 1.
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SOURCE OF FUNDING:
Excess proceeds from the tax auction of November 2018 are held in Fund 3680 - Delinquent Tax Sales Trust
DISCUSSION:
During November 2018, the Humboldt County Treasurer-Tax Collector's Office sold a number of delinquent property tax parcels using an internet-based public auction website. The date of recordation of the last tax deeds for this auction was December 18, 2018. Some of the parcels sold for more than the amount required to pay the parcel's back taxes and the share of the cost in preparing for and conducting the auction. This excess of sales price over taxes and expenses is referred to as excess proceeds and is available in priority to: (1) lienholders of record prior to the recordation of the tax deed to the purchaser, with priority given to the earliest recorded lien; and (2) any person(s) with title of record to all or any portion of the property prior to recordation of the tax deed to the purchaser. These parties of interest have one (1) year from the date of the recordation of the tax deed to the purchaser to file a claim for excess proceeds.
The Humboldt County Auditor-Controller's Office has completed a review of the claims for excess proceeds corresponding to the December 18, 2018 recordation date and has prepared a recommended distribution schedule which is set forth in Attachment 1. Upon the Board's approval of the recommended distribution schedule, the excess proceeds will be held an additional ninety (90) days to allow for protests or competing claims.
FINANCIAL IMPACT:
The claim...
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