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Committee recommends moving forward with online auction of 56 tax-defaulted parcels
Summary
The Treasurer-Tax Collector asked the Budget & Finance Committee to approve a resolution authorizing online auction of 56 tax-defaulted parcels; staff estimated proceeds would cover back taxes and administrative fees with any surplus going first to lienholders then to owners. The committee voted to forward the resolution to the full Board with recommendation.
Francis Wynne of the Treasurer-Tax Collector's Office asked the committee to approve a resolution authorizing the tax collector to sell at public auction 56 parcels that have been tax-defaulted for more than five years.
Wynne said state law grants the tax collector authority to sell properties that remain in tax default and that the sale was scheduled to take place over the Internet from April 25 through April 28, 2009. Committee members asked procedural questions: auctions occur annually, the highest bidder receives the property, the city receives back taxes and an administrative fee, and any excess proceeds are paid to lienholders in order of priority or returned to the owner if no lienholders exist.
There was no public comment on the item. The committee moved the resolution forward to the full Board with a favorable recommendation for placement on the Feb. 10, 2009 Board agenda.
