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a. Approve the distribution of excess proceeds resulting from the sale of real property at the Tax Collector's public internet auction regarding claims on 22 properties as set forth in the attached spreadsheet; and
b. Approve the interpleader of excess proceeds resulting from the sale of real property at the Tax Collector's public internet auction regarding unresolved disputed claims on one identified property as set forth in the attached spreadsheet; and
c. Authorize the Tax Collector to interplead of any claimed proceeds that become contested within 90 days of the Board's approval of the distribution of excess proceeds pursuant to Revenue and Taxation Code section 4675(g).
report
RECOMMENDATION:
It is recommended that the Board of Supervisors, by Resolution:
a. Approve the distribution of excess proceeds resulting from the sale of real property at the Tax Collector's public internet auction regarding claims on 22 properties as set forth in the attached spreadsheet; and
b. Approve the interpleader of excess proceeds resulting from the sale of real property at the Tax Collector's public internet auction regarding unresolved disputed claims on one identified property as set forth in the attached spreadsheet; and
c. Authorize the Tax Collector to interplead of any claimed proceeds that become contested within 90 days of the Board's approval of the distribution of excess proceeds pursuant to Revenue and Taxation Code section 4675(g).
SUMMARY:
Board of Supervisor approval is required to authorize the distribution of excess proceeds generated from real property tax sales in accordance with Section 4675 of the California Revenue and Taxation Code. In addition, distributing excess proceeds, contested distributions, based on merits and priorities of claims, may be interpleaded if it a proposed distribution is contested. The requested action serves these purposes.
DISCUSSION:
On February 27, 2019, the Tax Collector sold 38 parcels of property at an internet pub...
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