HomeMy WebLinkAboutOrder 036 - Transfer Funds - Land SalesDeschutes County Board of Commissioners
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AGENDA REQUEST & STAFF REPORT
For Board Business Meeting of Wednesday, June 30, 2009
Please see directions for completing this document on the next page.
DATE: June 19, 2010
FROM: Susan Ross Property & Facilities 383 6713
TITLE OF AGENDA ITEM:
Consideration of Board Signature of Order No. 2010-036, an Order Transferring and Distributing
Certain Monies from the Deschutes County Land Sales Fund.
PUBLIC HEARING ON THIS DATE? No.
BACKGROUND AND POLICY IMPLICATIONS:
Each year, the balance of the land sales fund must be distributed. Proceeds from sale of foreclosed
properties are accounted to this fund. There are proceeds from the public land auction held in May is
well as contract payments and accumulated interest on property sold on contract at previous auction
State law (ORS 275.275) dictates how these proceeds are to be applied: First, to refund the county
general fund for the amounts advanced by the county to pay any state taxes upon the foreclosed
properties; second, to the county general fund for fees and penalties applied to the property; third, tt
refund the county for all costs and expenses incurred in the maintenance and supervision of such
properties; and finally, the balance is distributed proportionately to the various taxing districts withi 1
the county.
Because there were so few properties sold at auction this year, $886.50 in fees and penalties will be
paid and the balance of the land sale fund will be distributed to the county foreclosed land sales fun 1 for
maintenance and supervision of properties. No funds will be distributed to taxing districts this fisc
year.
FISCAL IMPLICATIONS:
The balance as of June 15, 2010, in the land sales fund is $59,228.60. Additional miscellaneous
revenue and interest may be received through fiscal year end. The balance of the fund as of June 3( ,
2010, will be transferred to the foreclosed land sales fund.
RECOMMENDATION & ACTION REQUESTED:
Board signature of Order No. 2010-036, Distributing Certain Monies from the Deschutes County L Lnd
Sales Fund
ATTENDANCE: Susan Ross
DISTRIBUTION OF DOCUMENTS:
Jeanine Faria, Finance
For Recording Stamp Only
BEFORE THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY, OREGON
An Order Transferring and Distributing Certain
Monies From the Deschutes County Land
Sales Fund.
*
*
ORDER NO. 2010-036
WHEREAS, the County has sold foreclosed property through private sale and has receiv ,d
contract payments on foreclosed properties that were sold on contract; and
WHEREAS, ORS 275.275 requires proceeds arising from the sale of county foreclosed
property to be applied in the following order: any state taxes, penalties and fees incurred in the
foreclosure for delinquent taxes by a county, then any costs in the maintenance and supervision of such
property; and
WHEREAS, pursuant to ORS 275.275 and ORS 311, any proceeds received for the sale of
properties foreclosed for delinquent taxes and not necessary for the above listed activities are to
distributed to the taxing districts.
THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY, OREGO V,
ORDERS as follows:
Section 1. The Deschutes County Treasurer shall transfer $886.50 from the County Land Sales
Fund to the County General Fund for payment of penalties and fees.
Section 2. The Deschutes County Treasurer shall distribute the balance of the County Land
Sales Fund (Fund 802), a Deschutes County Agency Fund, as of June 30, 2010, to the Foreclosed Land
Sales Fund (Fund 205) for maintenance and supervision of properties.
Page 1 — Order No. 2010-036
DATED this day of , 2010.
BOARD OF COUNTY COMMISSIONERS
OF DESCHUTES COUNTY, OREGON
DENNIS R. LUKE, Chair
ATTEST: ALAN UNGER, Vice Chair
Recording Secretary TAMMY BANEY, Commissioner
Page 2 — Order No. 2010-036
Fees & Penalties for Property Sold
at May 13, 2010, Public Auction
Serial
Taxlot
FEES TAXES Sale Price
129073
196844
116540
152110
141311
1512130000900
171232AD05601
201013C002000
221009C002000
2111066002100
$ 95.00 $ 1,424.05 $ 5,000.00
$ 165.61 $ 442.51 $ 5,000.00
$ 245.18 $ 1,377.77 $ 10,000.00
$ 280.77 $ 888.91 $ 5,000.00
$ 99.94 $ 1,011.86 $ 5,000.00
TOTAL: $ 886.50 $ 5,145.10