DATE: May 21, 2024
TO: Board of Supervisors
SUBMITTED BY: Oscar J. Garcia, CPA, Auditor-Controller/Treasurer-Tax Collector
SUBJECT: Decision on Claims for Excess Proceeds Resulting from 2022 Sale of Tax Defaulted Properties
RECOMMENDED ACTION(S):
TITLE
Approve resolution granting twelve (12) claims for excess proceeds, in the aggregate total amount of $615,120.98, from the March 2022 sale of tax-defaulted properties, 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 approving the transfer of unclaimed excess proceeds in the amount of $160,377.61 to the General Fund.
REPORT
The excess proceeds are the remaining proceeds available from the sale of tax-defaulted properties that your Board approved on December 14, 2021, and that was conducted on March 11-14, 2022 (2022 Tax Sale). The recommended resolution grants twelve (12) 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 also approves the transfer unclaimed excess proceeds to the General Fund, as provided by Revenue and Taxation Code section 4674. 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 a resolution to grant or deny those claims.
FISCAL IMPACT:
The 2022 Tax Sale excess proceeds are the remaining proceeds after all delinquent taxes, penalties, costs, and fees have been collected by the County of Fresno. Excess proceeds not claimed, or for which there is not a valid claim, will be distributed ...
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