DATE: June 22, 2021
TO: Board of Supervisors
SUBMITTED BY: Oscar J. Garcia, CPA, Auditor-Controller/Treasurer-Tax Collector
SUBJECT: Decision on Claims for Excess Proceeds Resulting from 2019 Sale of
Tax Defaulted Property
RECOMMENDED ACTION(S):
TITLE
Approve resolution granting twenty-five (25) claims for excess proceeds, and ordering distribution after the 90-day waiting period, where claimants submitted information and proof sufficient to establish a right to all or any portion of the excess proceeds; and denying seventeen (17) claims for excess proceeds either because claimants failed to submit information and proof sufficient to establish a right to all or any portion of the excess proceeds, the claim was not timely submitted, there are not sufficient proceeds available, or the claims were satisfied by other means.
REPORT
The excess proceeds are the remaining proceeds available from the 2019 Tax Sale that your Board approved on December 4, 2018, and that was conducted on March 8-11, 2019. The recommended resolution grants twenty-five (25) claims for excess proceeds, based on documentation submitted to the Auditor-Controller/Treasurer-Tax Collector's office (AC/TTC) establishing each claimant's right as a party of interest pursuant to California Revenue and Taxation Code section 4675. The recommended resolution denies 5 claims where the claimant provided insufficient evidence and 12 claims where there are not sufficient excess proceeds available, or where the claims were satisfied by other means. March 9, 2021, was the last excess proceeds item brought by AC/TTC to your Board, for excess proceeds from the 2018 Tax Sale for properties with multiple claims. This item is countywide.
ALTERNATIVE ACTION(S):
Revenue and Taxation Code section 4675, subdivision (e), requires the Board to distribute excess proceeds. For the claims related to any particular property, however, the Board may direct staff to return with additional information before approving ...
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