DATE: August 21, 2018
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 2015 Sale of Tax Defaulted Properties
RECOMMENDED ACTION(S):
TITLE
Approve one (1) resolution granting fifty-five (55) 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 thirty-eight (38) claims for excess proceeds either because there are not sufficient proceeds available, because claim is being satisfied by other means, or because claimants failed to submit information and proof sufficient to establish a right to all or any portion of the excess proceeds.
REPORT
The excess proceeds are the remaining proceeds available from the 2015 Tax Sale that your Board approved on December 2, 2014 and was conducted on March 6-9, 2015. The recommended resolution granting fifty-five (55) claims for excess proceeds is 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 denying claims resulted from 13 claims where the claimant provided insufficient evidence and 25 claims where there are not any excess proceeds available to distribute or that have been or will be satisfied by other means. December 12, 2017 was the last recommended excess proceeds item brought by AC/TTC to your Board, for a 2014 Tax Sale property. 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 b...
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