TO: Board of Supervisors
FROM: Robert Minahen, Treasurer-Tax Collector
REPORT BY: Robert Minahen, Treasurer-Tax Collector
SUBJECT: Approval of Policy Regarding Submission of Claims for Excess Proceeds
RECOMMENDATION
title
Treasurer-Tax Collector requests adoption of a Resolution adopting the "County of Napa Policy Regarding the Submission of Claims for Excess Proceeds" and delegating authority to distribute excess proceeds to the Treasurer-Tax Collector.
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EXECUTIVE SUMMARY
The Napa County Treasurer-Tax Collector (TTC) must occasionally sell tax-defaulted property in order to satisfy outstanding taxes and assessments. When a property is sold by the TTC at tax sale there may be excess proceeds from the sales, which are proceeds in excess of taxes, assessments and costs pursuant to California Revenue and Taxation Code (R&T Code) Sections 4672, 4672.1, 4672.2, 4672.3, and 4673 are deducted.
This item would delegate the Board of Supervisors' responsibilities and authority to review and distribute excess proceeds, as set forth in California R&T Code Section 4675, to the TTC pursuant to California R&T Code Section 4675.1.
The TTC, in coordination with County Counsel, has developed the "County of Napa Policy Regarding the Submission of Claims for Excess Proceeds", the purpose of which is to clearly define the process and requirements for claims for excess proceeds filed by parties of interest as defined by California R&T Code section 4675. Where a claim for excess proceeds is not covered by the policy, the resolution authorizes the TTC to determine the information and proof necessary to determine a claimant's right to any portion of the excess proceeds, as allowed by California R&T Code section 4675.1.
FISCAL & STRATEGIC PLAN IMPACT
Is there a Fiscal Impact?
No
Is it currently budgeted?
No
Where is it budgeted?
N/A
Is it Mandatory or Discretionary?
Discretionary
Discretionary Justification:
The Board of Supervisors will maintain the responsibility to dete...
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