ACCEPTING BIDS ON TAX-DELINQUENT REAL ESTATE ACQUIRED BY SAUK COUNTY

Committee Status: 
Approved
Budget Status: 
Budgeted
Decision Impact: 
Significant
FTE Impact: 
No
Funding Source: 
Other (see budget status)

Purpose

To convey tax deed properties to the successful bidders of the sealed bid auction.

Background

Sauk County will issue a Tax Deed on property that has met the statutory requirements to be foreclosed upon due to delinquent real estate taxes.  The County takes title to these properties and then offers them for sale to the general public through a sealed bid auction.  The Property & Insurance Committee placed the appraised value on each property. The sealed bid auction was advertised explaining the sale and appraised value of each parcel.  The advertisement was a Class 3 Notice as defined under Chapter 985 of the Wisconsin Statutes.  On November 17, 2017 at 4:31 pm, the County Treasurer and the Deputy County Treasurer opened the received bid.  The property that is listed below received a sufficient bid with the successful bidder indicated. Sauk County is now authorized by §75.69 of the Wisconsin Statutes to accept the bids meeting or exceeding the appraised value of said property deemed most advantageous to it. This resolution will authorize the Sauk County Clerk to issue a Quit Claim Deed to the bidder indicated.  

Resolution Files: 
Microsoft Office document icon resolution_to_accept_bids_on_tax_deeded_property.doc
Microsoft Office document icon revision 1
Microsoft Office document icon Revision 2
Budget Status (Other/External Sources): 

FISCAL NOTE: Sauk County Funds invested in this property are $420.24. Funds received from the bidder are $503.00.

MIS NOTE:  No Information Systems impact

Resolution Body

RESOLUTION NO. _____ - 2017

  

ACCEPTING A BID ON TAX-DELINQUENT REAL ESTATE

[Text Box: Fiscal Impact: [] None [x] Budgeted Expenditure [] Not Budgeted ] [Text Box: Background: Sauk County will issue a Tax Deed on property that has met the statutory requirements to be foreclosed upon due to delinquent real estate taxes. The County takes title to these properties and then offers them for sale to the general public through a sealed bid auction. The Property & Insurance Committee placed the appraised value on each property. The sealed bid auction was advertised explaining the sale and appraised value of each parcel. The advertisement was a Class 3 Notice as defined under Chapter 985 of the Wisconsin Statutes. On November 17, 2017 at 4:31 pm, the County Treasurer and the Deputy County Treasurer opened the received bid. The property that is listed below received a sufficient bid with the successful bidder indicated. Sauk County is now authorized by §75.69 of the Wisconsin Statutes to accept the bids meeting or exceeding the appraised value of said property deemed most advantageous to it. This resolution will authorize the Sauk County Clerk to issue a Quit Claim Deed to the bidder indicated.] ACQUIRED BY SAUK COUNTY

 

TOWN OF WOODLAND

#044-1011-00000         TOWN OF WOODLAND, FOX’N HOUNDS ADDITION, LOT 1100

Appraised Value:          $500.00

Successful Bid:            $503.00

Submitted by:                ROBERT J. & BELINDA KOCH

 

            NOW, THEREFORE, BE IT RESOLVED, by the Sauk County Board of Supervisors met in regular session, that the Sauk County Clerk is hereby instructed to issue a Quit Claim Deed for the above described real property to the above-named successful bidder having received in full the amount of said bid by the Sauk County Treasurer by December 1, 2017. 

 

            AND BE IT FURTHER RESOLVED that the Sauk County Clerk is also authorized to accept the next successful bid exceeding the appraised value of any parcel if the successful bidder on said property does not comply with all requirements as outlined in the Notice of Sale.

 

     For consideration by the Sauk County Board of Supervisors on December 19, 2017.

 

Respectfully submitted,

 

SAUK COUNTY PROPERTY AND INSURANCE COMMITTEE:

 

__________________________________         ___________________________________

SCOTT VON ASTEN, Chairperson               WILLIAM HAMBRECHT

 

__________________________________         ___________________________________

NATHAN S. JOHNSON                                                   JEAN BERLIN

 

__________________________________

REBECCA HOVDE

 

FISCAL NOTE: Sauk County Funds invested in this property are $420.24. Funds received from the bidder are $503.00.

MIS NOTE:  No Information Systems impact

Requested Board Review Date: 
Tuesday, December 19, 2017
Committee Review 1: 
Pending
Committee Review 1 Date: 
PROPERTY AND INSURANCE COMMITTEE ( P & I )
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