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File #: 14-0151    Version:
Type: Agenda Item Status: Approved
File created: 1/17/2014 In control: Board of Supervisors
On agenda: 2/4/2014 Final action: 2/4/2014
Title: Auditor-Controller recommending the Board authorize the Auditor-Controller to: 1) Disburse excess proceeds for APN 500-102-97-200 in the amount of $142.33 to the State of California, Franchise Tax Board; and 2) Notify all valid claimants of the Board's action(s) and disburse proceeds as determined by the Board.
Attachments: 1. 2A - Excess Proceeds 2-4-14
Title
Auditor-Controller recommending the Board authorize the Auditor-Controller to:
1) Disburse excess proceeds for APN 500-102-97-200 in the amount of $142.33 to the State of California, Franchise Tax Board; and  
2) Notify all valid claimants of the Board's action(s) and disburse proceeds as determined by the Board.  
Body
Fiscal Impact/Change to Net County Cost
No net impact
Background
 
On November 02, 2012, 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 500-102-97-200 was sold for $142.33 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.
Reason for Recommendation
The recommendation is based on §4675 of the Revenue and Taxation Code.
Contact
Joe Harn
ext 5456