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County treasurer reports strong yields, outlines foreclosure outreach and warns of tax-related scams
Summary
Ottawa County Treasurer Cheryl Clark reported higher-than-benchmark interest yields for February, provided portfolio allocation detail and urged residents with delinquent taxes to contact the treasurer's office to avoid scams and foreclosure; she said 331 parcels entered foreclosure/forfeiture last March 1 and 58 remain.
Ottawa County Treasurer Cheryl Clark told the Finance and Administration Committee that the county—s investment yield for February exceeded the benchmark and she outlined outreach plans for delinquent-property owners as the treasurer—s office prepares for foreclosure timelines.
Clark said the county—s general fund monthly interest yield for February was 3.5 (benchmark 0.57) and that certificates of deposit represented roughly 21% of the county—s investment portfolio, within the 50% maximum…
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