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File #: 19-1388    Version: 1 Name: Approval of Claimants’ Rights to Excess Proceeds Resulting from 2016 Sale of Tax Defaulted Properties
Type: Agenda Item Status: Tabled
File created: 10/2/2019 In control: Auditor - Controller
On agenda: 11/5/2019 Final action: 11/5/2019
Enactment date: Enactment #: Agreement No. 19-414
Title: Approve one (1) resolution granting thirty-four (34) 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-one (21) claims for excess proceeds either because there are not sufficient proceeds available, because claimants failed to submit information and proof sufficient to establish a right to all or any portion of the excess proceeds, or because the claims have been satisfied by other means.
Attachments: 1. Agenda Item, 2. Agreement A-19-414 with Sale of Tax Defaulted Properties, 3. Attachment A, 4. Additional Information
DATE: November 5, 2019

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 2016 Sale of Tax Defaulted Properties

RECOMMENDED ACTION(S):
TITLE
Approve one (1) resolution granting thirty-four (34) 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-one (21) claims for excess proceeds either because there are not sufficient proceeds available, because claimants failed to submit information and proof sufficient to establish a right to all or any portion of the excess proceeds, or because the claims have been satisfied by other means.
REPORT
The excess proceeds are the remaining proceeds available from the 2016 Tax Sale that the Board approved on December 15, 2015, and was conducted on March 4-7, 2016. The recommended grant of thirty-four (34) claims for excess proceeds is based on documentation submitted to the Auditor-Controller/Treasurer-Tax Collector's office (AC/TTC) establishing the claimants' rights as parties of interest in the properties pursuant to California Revenue and Taxation Code section 4675. The recommended denial of twenty-one (21) claims is based on documentation submitted to the AC/TTC for 11 claims where the claimant provided insufficient evidence and 10 claims where there are not any excess proceeds available to distribute or the claims have been satisfied by other means. August 21, 2018 was the last recommended excess proceeds item brought by AC/TTC to your Board, for the 2015 Tax Sale. 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 w...

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