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File #: 20-122    Version: 1 Name:
Type: Resolution Status: Passed
File created: 2/4/2020 Departments: TREASURER
On agenda: 3/10/2020 Final action: 3/10/2020
Title: Adopt a resolution authorizing claims for excess proceeds from tax-defaulted sale and authorizing distribution of excess proceeds.
Attachments: 1. 20200310_r_Excess Proceeds
Special Notice / Hearing: None__
Vote Required: Majority

To: Honorable Board of Supervisors
From: Sandie Arnott, Tax Collector
Subject: Claims for Excess Proceeds from the 2018 Tax Sale of Parcel Nos. 037-051-030, 043-164-010, 043-164-020, 043-164-030, 043-164-040, 043-164-050, 043-202-020,043-241-030, 047-111-290, 048-021-010, 064-022-010, 065-205-020, 080-152-040,101-510-430

RECOMMENDATION:
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Adopt a resolution authorizing claims for excess proceeds from tax-defaulted sale and authorizing distribution of excess proceeds.

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BACKGROUND:
On 08/04/2018 - 08/06/2018 and 09/08/18 - 09/10/18, the Office of the Tax Collector, with your Board's approval, conducted a tax sale pursuant to Revenue and Taxation Code Section 3691 et seq. By 10/10/18, all of the deeds conveying title to the various purchasers at the auction had been recorded. As provided by Section 4676 of the Revenue and Taxation Code, the Tax Collector provided notice of the right to claim excess proceeds on 10/10/18 to parties of interest as defined in Section 4675 of the Revenue and Taxation Code. The Tax Collector identified the parties of interest by reviewing records, including Assessor's and Recorder's records and lot book reports. Parties of interest have made claims for the excess proceeds from the tax sale of Parcel Nos. 037-051-030, 043-164-010, 043-164-020, 043-164-030, 043-164-040, 043-164-050, 043-202-020, 043-241-030, 047-111-290, 048-021-010, 064-022-010, 065-205-020, 080-152-040 and 101-510-430.

DISCUSSION:
Revenue and Taxation Code Section 4675 provides for distribution of the excess proceeds of tax sales. When property is sold for payment of taxes, the "excess proceeds" from the sale, or that portion not payable for taxes, assessments, costs of sale and notice are payable, upon claim, to persons having an interest in the property at the time of the sale. After all liens have been satisfied, any person who had title of record prior to the sale is en...

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