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Treasurer reports $310,770 in payments from 16 foreclosure parcels; board restricts land sale funds
Summary
Treasurer Kate Wagner reported 16 parcels on the FY2023 tax foreclosure sale with total payments of $310,770.34 and directed that $598,799.74 in the Land Sale Reutilization Fund be restricted due to litigation; the board approved related actions.
Treasurer Kate Wagner told the Crawford County Board Sept. 11 that 16 parcels appeared on the FY2023 Tax Foreclosure Sale. She reported the minimum bids totaled $35,150.25 and "the total amount paid for properties sold was $310,770.34 which net amount after subtracting taxes, penalties, interest, fees and costs to the county was $234,009.83." The board filed the report with the state as required.
The board also accepted the Depository and Investment Report and voted to adopt the Land Sale Reutilization Fund from foreclosure sales. Wagner provided the fund balance of $598,799.74 and said those funds will be restricted due to ongoing litigation. The motions to adopt the depository report and create/restrict the land-sale fund carried on roll call votes with five ayes and two absences.
