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

To accept a bid on a tax delinquent property

Background

Sauk County took title to this property through the tax deed foreclosure process; advertised it for sale and is now accepting a bid.

Resolution Files: 
Microsoft Office document icon resolution_to_accept_bids_from_sealed_bid_sale_-_2012_taxes_taken_in_2016_0.doc
Microsoft Office document icon Corrected Resolution (City of Reedsburg in the legal description)
Budget Status (Other/External Sources): 

Monies received will be sufficient to reimburse Sauk County for its cost.

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 August 30, 2016, the Sauk County Treasurer and the Sauk County Deputy Treasurer opened bids for said property, the successful bidder indicated and said property described below:

                      

CITY OF REEDSBURG

 

#276-0101-00000       CITY OF REEDSBURG CLARKS 2ND ADD NORTH ½ OF LOT 1,

                                  BLOCK 9

                                  ADDRESS:  401 CLARK ST, REEDSBURG                                                

Appraised Value:        $18,291.00

Bid:                             $19,128.00

Submitted by:             DCI REEDSBURG LLC

 

            WHEREAS, Sauk County is now authorized by § 75.69 of the Wisconsin Statutes to accept the bid 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 DCI REEDSBURG LLC having received in full the amounts of said bid.

            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 September 20, 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, September 20, 2016
Committee Review 1: 
Approved
Committee Review 1 Date: 
PROPERTY AND INSURANCE COMMITTEE ( P & I )
Return to Top