Title
Auditor-Controller recommending the Board authorize the Auditor to disburse the excess proceeds as follows:
1) Franchise Tax Board - Lienholder of Record - $1,316.96;
2) State Board of Equalization - Lienholder of Record - $0; and
3) Unclaimed - R&T Code §4674 - $0.
Subsequent to Board action, Auditor-Controller recommending the Board authorize the Auditor to 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 01, 2013, 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 032-291-01-100 was sold for $1,316.96 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.
Follow Up Actions
The Auditor-Controller will disburse funds as directed.
Contact
Joe Harn