Title
Auditor-Controller recommending the Board authorize the Auditor to disburse excess proceeds from the sale of tax-defaulted properties for the Assessor's Parcel Numbers and dollar amounts as shown on the attached list. (Est. Time: 15 Min.)
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DEPARTMENT RECOMMENDATION
The Auditor-Controller is recommending the Board authorize the Auditor to disburse excess proceeds for the Assessor's Parcel Numbers and dollar amounts as shown on the attached list.
DISCUSSION / BACKGROUND
On November 04, 2016, 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 properties identified on the attached list were sold for more than the amount required to satisfy delinquent taxes & costs of the sale. Valid claims have been filed for the excess proceeds due to the sale of the property. The Auditor-Controller has reviewed the claims and supporting documents and is of the opinion that the claimants named herein are entitled to the proceeds.
ALTERNATIVES
N/A
OTHER DEPARTMENT / AGENCY INVOLVEMENT
N/A
CAO RECOMMENDATION
Approve as recommended.
FINANCIAL IMPACT
No Financial Impact
CLERK OF THE BOARD FOLLOW UP ACTIONS
N/A
STRATEGIC PLAN COMPONENT
N/A
CONTACT
Joe Harn