Title
Approve an Agreement for the Treasurer-Tax Collector to sell to the City of Gonzales the Tax Defaulted Properties described as APN 020-351-067-000, 020-351-068-000 and 020-351-069-000 for the combined purchase price of $60,000.00 and authorize the Chair of the Board of Supervisors to sign the Agreement and the Treasurer-Tax Collector's office to issue the related Tax Deed to complete the transaction.
Report
RECOMMENDATION:
It is recommended that the Board of Supervisors approve an Agreement for the Treasurer-Tax Collector to sell to the City of Gonzales the Tax Defaulted Properties described as APN 020-351-067-000, 020-351-068-000 and 020-351-069-000 for the combined purchase price of $60,000.00 and authorize the Chair of the Board of Supervisors to sign the Agreement and the Treasurer-Tax Collector to issue the related Tax Deed to complete the transaction.
SUMMARY:
Board of Supervisor approval is required to authorize the sale of tax-defaulted property to a municipality in accordance with Chapter 8 (commencing with section 3771) of Part 6, Division 1, of the California Revenue and Taxation Code.
DISCUSSION:
On March 14, 2013, the City of Gonzales formally objected to the public auction sale and agreed to acquire the subject properties. The Agreement calls for payment of the established minimum bid. The combined acquisition price for all three (3) properties is $60,000.00, which includes noticing and publication costs.
The City of Gonzales will be required to remit the full amount of the sale price, 14 days after the date the sale becomes effective. A standard tax deed will be issued to the City of Gonzales after payment of the purchase price is received.
OTHER AGENCY INVOLVEMENT:
Following Board approval, the Agreement must be submitted to the State Controller for approval. If the Agreement is approved by the State Controller, the City of Gonzales is then required to make its payment in accordance with the Agreement terms. The Au...
Click here for full text