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: $20,226.16
Claimant: Estate of Melvin Sherman Jr Dec'd
Type: Owner of Record
Recommended Distribution: $10,588.86
Claimant: Unclaimed
Type: R&T Code §4674
Recommended Distribution: $945.17
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.)
Body
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 061-600-30-100 was sold for $31,760.19 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