Committee approves forwarding tax‑certificate sale agreement with NAR Ohio after extended discussion

Cuyahoga County’s Committee on Community Development and Housing voted to forward to full council a resolution authorizing a negotiated tax certificate sale and a revenue‑generating agreement with NAR Solutions (doing business as NAR Ohio LLC) for tax‑lien certificates through Nov. 30, 2027. The resolution sets an upper limit “not to exceed $40,000,000” on the total face value of certificates that could be offered under the contract; county staff said the actual pool is likely to be smaller.

Brad Chromas, Cuyahoga County Treasurer, presented the proposal and said the county has used negotiated tax‑certificate sales in prior cycles (most recently 2018–2019) and paused them during the COVID period. Chromas described tax‑certificate sales as a collection tool that transfers the right to collect certified tax delinquencies to a purchaser; the purchaser then offers payment plans and enforcement. He said negotiated sales allow the county to select a single…