DATE: January 23, 2018
TO: Board of Supervisors
SUBMITTED BY: Oscar J. Garcia, CPA
Auditor-Controller/Treasurer-Tax Collector
SUBJECT: Agreement with Bid4Assets, Inc. to Conduct Online Auctions of Tax Defaulted Property
RECOMMENDED ACTION(S):
TITLE
Approve and authorize the Chairman to execute an agreement with Bid4Assets, Inc. to conduct online auctions of tax defaulted property effective January 29, 2018 through January 28, 2021 with two optional one-year extensions, total not to exceed $325,000.
REPORT
Approval of the recommended action would authorize Bid4Assets, Inc. to conduct online auctions of tax defaulted property in accordance with the provisions of the Revenue & Taxation code for a three-year period and provide the option for two one-year extensions upon the written consent of both parties. Sufficient appropriations for the current year are included in the FY 2017-18 budget of the Auditor-Controller/Treasurer-Tax Collector. The maximum amount of the contract, including the two one-year extensions, will not exceed $325,000, or $65,000 per year, at no increase in Net County Cost. This item is countywide.
ALTERNATIVE ACTION(S):
If the recommended action is not approved, the department would be required to perform this work internally as the Tax Collector has no option but to conduct a tax sale this fiscal year. The department does not have adequate internal staffing to perform the work. The Tax Collector conducts a tax sale on average once a year and it has not been feasible in the past for the department to maintain dedicated staff with the expertise needed to perform this work.
FISCAL IMPACT:
There is no increase in Net County Cost associated with the recommended action. The FY 2017-18 Adopted Budget of the Auditor-Controller/Treasurer-Tax Collector Org 0410 includes sufficient appropriations necessary for online property tax sale services.
DISCUSSION:
Revenue and Taxation code 3691 requires the County to conduct a sale of tax defaul...
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