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Sedgwick County moves $1.28 million to cover tax-foreclosure sale after vendor failed to remit proceeds
Summary
County commissioners authorized a $1,281,357.08 transfer from contingency to a treasurer clearing account so deeds and distributions from an Oct. 21 tax foreclosure sale can proceed after vendor CivicSource did not deliver sale proceeds; county will seek recovery from the vendor or litigation.
Lindsey Pro Russo, Sedgwick County chief financial officer, told commissioners that 81 properties sold at a tax foreclosure sale on Oct. 21 and that a vendor that administered the sale has not remitted funds to the county. To avoid delaying deeds and distributions to lienholders, the Board unanimously approved a temporary transfer of $1,281,357.08 from the county contingency to the treasurer's administration fund center.
Why it matters: The transfer ensures people who participated in the tax sale are made whole and that courts can distribute proceeds to lienholders and entities with legal claims. Pro Russo said the county hopes to recover the funds from CivicSource, the auction administrator,…
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