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

Committee Status:

Approved

Budget Status:

External Source

Decision Impact:

Significant

FTE Impact:

Funding Source:

Other (see budget status)

Purpose

To convey the County's interest to successful bidders of Tax Deeded Property.

Background

We conducted a Sealed Bid on several Tax Deed Properties and received bids on 3 of them.

Resolution Files:

Resolution to Accept Bids from Sealed Bid Sale-2012 Taxes Taken in 2016

Budget Status (Other/External Sources):

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

Resolution Body

RESOLUTION NO. _____ - 2016

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 May 20, 2016, 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:

THE FOLLOWING PROPERTY IN THE TOWN/VILLAGE OR CITY:

TOWN OF SPRING GREEN

#032-0786-00000 S 18-8-3 PRT FRAC LOT 3 = CSM #5367 LOT 1 1.60A (FMLY PRT

CSM #3851) ADDRESS: E2623 PORTER RD, SPRING GREEN

Appraised Value: $34,000.00

Bid: $34,510.00

Submitted by: Sturdevant Real Estate, LLC

VILLAGE OF PLAIN

#171-0432-00000 VILLAGE OF PLAIN 3^RD ADD TO WESTBROOK

(FMLY PRT WESTBROOK) LOT 149 0.75A

ADDRESS: WESTBROOK DR, PLAIN

Appraised Value: $4,826.00

Bid: $4,850.00

Submitted by: Nancy Ring & Karen Buchanan

VILLAGE OF SAUK CITY

#181-1059-00000 VILL SAUK CITY S 12-9-6 PRT NE NW COM SW COR

INTERS MAPLE & BATES STS-S90.38' TO POB:

N85°51'27"W 153.37'-S64.50'- E TO MAPLE ST-N TO POB (SEE POS #3949) ADDRESS: 509 MAPLE ST, SAUK CITY

Appraised Value: $25,000.00

Bid: $26,000.00

Submitted by: Dale Buchanan

Resolution No. ______-2016, Accepting Bids on Tax-Delinquent Real Estate

Page 2 of 2

WHEREAS, Sauk County is now authorized by § 75.69 of the Wisconsin Statutes to accept the bids 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 Quit Claim Deeds for the above described real property to the above-named successful bidders having received in full the amounts of said bids.

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 June 21, 2016.

Respectfully submitted,

SAUK COUNTY PROPERTY AND INSURANCE COMMITTEE:

__________________________________ ___________________________________

SCOTT VON ASTEN, Chairperson WILLIAM HAMBRECHT

__________________________________ ___________________________________

NATHAN JOHNSON JEAN BERLIN

__________________________________

REBECCA HOVDE

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, June 21, 2016

Committee Review 1:

Pending

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