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

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

Purpose

This property was taken by the County in October 2015. It was advertised for sale to the general public by sealed bid in November 2015.

The County received bids for 2 properties.  This resolution conveys the property to the successful bidder.

Background

Every year we take tax deed properties and then have a sale.  "Business as usual"

Resolution Files: 
Microsoft Office document icon resolution_to_accept_bids_from_sealed_bid_sale_to_sign_12-15-15.doc
Budget Status (Other/External Sources): 

Funds received provide sufficient revenue to reimburse Sauk County For its costs invested in the property.

Resolution Body

RESOLUTION NO. _____ - 2015

ACCEPTING BIDS ON TAX-DELINQUENT REAL ESTATE

ACQUIRED BY SAUK COUNTY

            WHEREAS, your Property and Insurance Committee has appraised certain property, acquired by Sauk County as tax-delinquent real estate, pursuant to the Wisconsin Statutes; and,

            WHEREAS, the Sauk County Treasurer has advertised the sale and appraised value of such real estate in a Class 3 Notice under Chapter 985 of the Wisconsin Statutes; and,

            WHEREAS, at 8:00 a.m. on December 1st, 2015, the Sauk County Treasurer and the Sauk County Deputy Treasurer opened bids for said property, the successful bidder indicated, with all parcels not receiving sufficient bids being omitted; said properties receiving sufficient bids described below:

TOWN OF LA VALLE              TOWN OF LA VALLE

024-1614-00000             LAKE REDSTONE EAGLE ADD LOT 57 W/1/19 INT IN OL A &

                                    VPA BETW OL A  & LOT 7

Appraised Value:            $1,540.00

Bid:                              $2,014.00

Submitted by:                David and Sandra Riley

   TOWN OF LA VALLE

024-1615-00000             LAKE REDSTONE EAGLE ADD LOT 58 W/1/19 INT IN OL A &

                                    VPA BETW OL A & LOT 7

Appraised Value:            $1,450.00

Bid:                              $2,015.00

Submitted by:                David and Sandra Riley

            WHEREAS, 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.

            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 upon receipt in full of the amount of said bid by the Sauk County Treasurer by December 11th, 2015.

            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.

Resolution No. ______-2015, Accepting Bids on Tax-Delinquent Real Estate

Page 2 of 2

For consideration by the Sauk County Board of Supervisors on December 15th, 2015.

Respectfully Submitted,

SAUK COUNTY PROPERTY AND INSURANCE COMMITTEE

_______________________________                      ___________________________________

SCOTT VON ASTEN, Chairperson                             WILLIAM HAMBRECHT

_______________________________                      ___________________________                 NATHAN S. JOHNSON                                              JEFFREY GIEBEL

_______________________________

JOHN M. DEITRICH

FISCAL NOTE:  Funds received provide sufficient revenue to reimburse Sauk County for its costs invested in the property.

MIS NOTE:         No Impact.

Requested Board Review Date: 
Tuesday, December 15, 2015
Committee Review 1 Date: 
PROPERTY & INSURANCE COMMITTEE (P&I)
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