DATE: March 9, 2021
TO: Board of Supervisors
SUBMITTED BY: Oscar J. Garcia, CPA, Auditor-Controller/Treasurer-Tax Collector
SUBJECT: Approval of Claimants' Rights to Excess Proceeds Resulting from 2018 Sale of Tax Defaulted Properties
RECOMMENDED ACTION(S):
TITLE
Approve one (1) resolution granting forty-six (46) 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 twenty-two (22) 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 2018 Tax Sale that your Board approved on December 5, 2017 and was conducted on March 9-12, 2018. The recommended resolution grants forty-six (46) claims for excess proceeds, based on documentation submitted to the Auditor-Controller/Treasurer-Tax Collector's office (AC/TTC) establishing the claimant's rights as parties of interest in the properties pursuant to California Revenue and Taxation Code section 4675. The recommended resolution denies 12 claims where the claimant provided insufficient evidence, 1 claim where the claimant did not timely submit their claim, and 9 claims where there are not sufficient excess proceeds available, or that were satisfied by other means. November 3, 2020, was the last recommended excess proceeds item brought by AC/TTC to your Board, for the 2018 and 2019 Tax Sale single claim items. 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 dir...
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