HomeMy WebLinkAboutOrder 042 - Land Sales FundDeschutes County Board of Commissioners
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AGENDA REQUEST & STAFF REPORT
For Board Business Meeting of Wednesday, June 24, 2009
Please see directions for completing this document on the next page.
DATE: June 16, 2009
FROM: Susan Ross Property & Facilities 383 6713
TITLE OF AGENDA ITEM:
Consideration of Board Signature of Order No. 2009 -042, 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 foreclosec .
properties are accounted to this fund. Although there were no public foreclosure auctions held this
fiscal year, there are proceeds from a private sale of a piece of property offered at a previous auction, as
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, to
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 within
the county.
Because no auction was held this year, the balance of the land sale fund will be distributed to the county
foreclosed land sales fund for maintenance and supervision of properties. No funds will be distributed
to taxing districts this fiscal year.
FISCAL IMPLICATIONS:
The balance as of June 16, 2009, 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 30,
2009, will be transferred to the foreclosed land sales fund.
RECOMMENDATION & ACTION REQUESTED:
Board signature of Order No. 2009 -042, Distributing Certain Monies from the Deschutes County Land
Sales Fund
ATTENDANCE: Susan Ross
DISTRIBUTION OF DOCUMENTS:
Jeanine Faria, Finance
REVIEWED
LEGAL COUNSEL
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. 2009-042
WHEREAS, the County has sold foreclosed property through private sale and has received
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 he
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 be
distributed to the taxing districts.
THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY, OREGON,
ORDERS as follows:
Section 1. The Deschutes County Treasurer shall distribute the balance of the County Land
Sales Fund, a Deschutes County Agency Fund, as of June 30, 2009, to the Foreclosed Land Sales Fund
for maintenance and supervision of properties.
DATED this _ day of , 2009.
BOARD OF COUNTY COMMISSIONERS
OF DESCHUTES COUNTY, OREGON
TAMMY BANEY, Chair
ATTEST: DENNIS R. LUKE, Commissioner
Recording Secretary ALAN LINGER, Commissioner