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Selectmen close public hearing on nine tax‑acquired parcels; final authorization set for Oct. 6
Summary
The Candia Selectmen closed a public hearing on nine tax‑acquired parcels, discussed auction logistics including title searches, tax recovery calculations and no‑reserve auctions, and scheduled a final (non‑public) authorization vote for Oct. 6.
The Candia Board of Selectmen closed a public hearing on nine town parcels on Sept. 22 and set a final authorization vote for Oct. 6 to allow an auctioneer to proceed with selling tax‑acquired properties.
Chair (Speaker 1) opened the hearing and the board heard that the auctioneer has completed title searches and legal review. Speaker 3 explained the financial picture, saying the town can recover unpaid taxes “from that day forward plus 18% interest,” but noted the calculation involves “a lot of math.”
Board members discussed whether to set a minimum (reserve) for bids. Speaker 3 argued a no‑reserve auction “attracts a lot more bidders” and can stimulate competitive bidding; others noted municipalities sometimes set reserves in particular cases. The board asked that the tax collector calculate likely recoveries before the Oct. 6 meeting.
The board agreed the auctioneer does not need to attend Oct. 6 because the firm has completed title searches and legal work, but the selectmen will hold that meeting to formally authorize the auctioneer to begin. Chair (Speaker 1) said the Oct. 6 session is not a further public hearing but will be the final authorization.
The board also discussed notifying abutters before sale and the town’s duty to allow a statutory right of redemption for certain periods. No formal reserve or minimum price was adopted during the hearing; the board committed to reviewing final figures and making a formal authorization on Oct. 6.
