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County updates recovery of excess foreclosure proceeds; approves corrected tax mailings after decimal error
Summary
Officials reported an initial recovery of roughly $300,000 from excess proceeds with $81,073.48 returned to the county; the court also approved re-mailing 3,085 corrected tax statements after a decimal error in Drainage District No. 4's resolution and agreed to cover postage.
At the Nov. 25 meeting, county staff updated commissioners on efforts to recover excess proceeds from tax-foreclosure sales and asked the court to approve corrective mailings after a clerical error in a drainage district's tax-rate resolution.
Richard Brown reported a first recovery of about $300,000 through attorney-initiated claims; the county's share from that recovery was $81,073.48, which was deposited into the general fund. Brown said roughly $2.4 million has already cleared a 24-month redemption period and additional recoveries could be pursued, with outside law firms working for represented entities.
Separately, the court reviewed a math/resolution error affecting Drainage District No. 4. The district's resolution used decimal notation that produced an unintended tax rate (read as 0.012 instead of 0.12 per $100), affecting approximately 3,085 mailings. Staff estimated postage for re-mailing the corrected statements at about $2,406.30 and a per-page cost of $0.78 for 3,085 pages. Staff recommended treating the problem as a mathematical error, reprinting and re-mailing corrected statements, and asked whether the county should absorb the postage or seek payment from the district. The court voted to absorb the postage and authorized staff to proceed.
Richard Brown said he will present a plan for further recovery activity and noted firms that have begun work on additional registry accounts. The court accepted the update and approved the corrected mailings.
