HomeMy WebLinkAboutOrder 061 - Transfers within Land Sales Fund�O,T E.SQ
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Deschutes County Board of Commissioners
1300 NW Wall St., Suite 200, Bend, OR 97701-1960
(541) 388-6570 - Fax (541) 385-3202 - www.deschutes.org
AGENDA REQUEST & STAFF REPORT
For Board Business Meeting of June 11, 2008
DATE: June 4, 2008
FROM: Susan Ross Property & Facilities Department 383-6713
TITLE OF AGENDA ITEM: Consideration and Signature of Order No. 2008-061, an Order
Transferring and Distributing Certain Monies from the Deschutes County Land Sales Fund.
PUBLIC HEARING ON THIS DATE? No.
BACKGROUND AND POLICY IMPLICATIONS:
Deschutes County conducted a land sale auction on March 20, 2008, to publicly sell properties that the
County had obtained through foreclosure due to delinquent property taxes. Eight foreclosure parcels
were sold at this auction, for a gross proceed of $353,400. Two parcels were sold directly (outside of
the auction process) for a total price of $6,500. However, $255,600 was financed, so the total cash
received from property sales during the 2007-08 fiscal year was $104,300.
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.
Order No. 2008-061 directs the County Finance Director to distribute monies in the land sale fund.
This fund currently holds $104,300 from the property sale proceeds, $1,984.05 of interest earned. and
$71,693.07 of contract payments received for properties that were financed. Total amount of funds to
be distributed is $177,977.12. The funds will be distributed as follows:
$1,578.53 to the County General Fund for fees and penalties
$90,000 to the County General Fund for maintenance and supervision costs
$86,398.59 to be distributed to the taxing districts
FISCAL IMPLICATIONS:
Deschutes County general fund will receive $91,578.53 for reimbursements and program expew.es. It
will also receive approximately $7,500 as its distributed share of the auction proceeds.
RECOMMENDATION & ACTION REQUESTED: Board approval and signature of Order No.
2008-061.
ATTENDANCE: Susan Ross, Director Property & Facilities Department
DISTRIBUTION OF DOCUMENTS:
Copy of Order to Jeanine Faria, Accounting Manager, County Finance Department
REVIEWED
LEGAL COUNSEL
BEFORE THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY, OREGON
An Order Transferring and Distributing Certain
Monies From the Deschutes County Land * ORDER NO. 2008-061
Sales Fund
WHEREAS, pursuant to Order No. 2008-010, the Deschutes County Sheriff held a public sale
of County -owned properties on March 20, 2008; and
WHEREAS, the County has sold through private sale properties that were not sold at public
auction; 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 be
distributed to the taxing districts; and
order:
WHEREAS, the County's Land Sales Fund contains the following monies as of the date of this
1. $104,300 in proceeds from land sales of properties foreclosed for delinquent taxes;
2. $1,984.05 interest accumulated in the fund;
3. $71,693.07 collected on the principal and interest on notes given to the County at the
time of sale;
WHEREAS, the properties foreclosed for delinquent taxes sold at the March 20, 2008, public
sale incurred a total of $1,578.53 in penalties and fees, as detailed in Exhibit "A"; and
WHEREAS, monies necessary for the maintenance and supervision of the properties is
$90,000; now, therefore,
THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY, OREGON,
ORDERS as follows:
Section 1. The Deschutes County Treasurer shall transfer $1,578.53 from County Land Sales
Fund to the County General Fund for the penalties and fees.
PAGE 1 of 2- ORDER No. 2008-061 (06/11/08)
Section 2. The Deschutes County Treasurer shall transfer $90,000 from the County Land Sales
Fund to the County General Fund for maintenance and supervision of properties.
Section 3. The Deschutes County Treasurer shall distribute the remainder of the Land Sales
Fund to the taxing districts within the County in accordance with the formula established by State
statute.
DATED this day of 52008.
ATTEST:
Recording Secretary
PAGE 2 of 2- ORDER No. 2008-061 (06/11/08)
BOARD OF COUNTY COMMISSIONERS
OF DESCHUTES COUNTY, OREGON
DENNIS R. LUKE, Chair
MICHAEL M. DALY, Commissioner
TAMMY (BANEY) MELTON, Commissioner
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