Title
HEARING - Auditor-Controller recommending the Board authorize the Auditor to disburse the excess proceeds as follows:
Claimant : El Dorado County Public Administrator
Type: Lienholder of Record
Recommended Distribution: $6,141.02
Claimant: Estate of Melvin Sherman Jr Dec’d
Type: Owner of Record
Recommended Distribution: $3,071.44
Claimant: Unclaimed
Type: R&T Code §4674
Recommended Distribution: -0-
Subsequent to board action, the Auditor-Controller recommends that the Board of Supervisors authorize the Auditor to notify all valid claimants of the Board’s action(s) & disburse proceeds as determined by the Board. (Est. Time: 5 Min.)
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DEPARTMENT RECOMMENDATION
The recommendation is based on §4675 of the Revenue and Taxation Code.
DISCUSSION / BACKGROUND
On February 5, 2015, a Sale of Tax Defaulted Property was conducted by the Treasurer-Tax Collector’s Office. Parties of interest, as defined by Revenue & Taxation (R&T) Code §4675, were notified that the property identified as APN 061-600-29-100 was sold for $9,212.46 more than the amount required to satisfy delinquent taxes & costs of the sale. Valid claim(s) have been filed for the excess proceeds due to the sale of the property. The Auditor-Controller has reviewed the claim(s) and supporting documents and is of the opinion that the claimant(s) named herein are entitled to the proceeds.
ALTERNATIVES
N/A
OTHER DEPARTMENT / AGENCY INVOLVEMENT
N/A
CAO RECOMMENDATION
Chief Administrative Office concurs with the recommendation.
FINANCIAL IMPACT
None
FOLLOW UP ACTIONS
The Auditor-Controller will disburse funds as directed.
STRATEGIC PLAN COMPONENT
CONTACT
Joe Harn