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COUNTY OF SAN MATEO
Inter-Departmental Correspondence
Treasurer-Tax Collector-Revenue Services
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DATE:
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May 9, 2011
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BOARD MEETING DATE:
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May 24, 2011
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SPECIAL NOTICE/HEARING:
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None
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VOTE REQUIRED:
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Majority
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TO:
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Honorable Board of Supervisors
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FROM:
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Sandie Arnott, Treasurer-Tax Collector
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SUBJECT:
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Agreement between the County of San Mateo and Midpeninsula Regional Open Space District for the Purchase of Tax-Defaulted Real Property
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RECOMMENDATION:
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Adopt a Resolution authorizing the President of the Board to execute an Agreement between the County of San Mateo and Midpeninsula Regional Open Space District for the purchase of Tax-Defaulted Real Property.
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BACKGROUND:
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When residential or vacant property has been tax defaulted for five years or more, or three years or more after the property has become tax defaulted and is subject to a nuisance abatement lien, any eligible nonprofit organization may submit a proposal to purchase the property provided that the purchase meets the conditions of Revenue and Taxation Code Section 3791.4. Revenue and Taxation Code Section 3794.3 requires approval from the Board of Supervisors for such a sale.
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DISCUSSION:
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This Agreement and list of properties detailed in Exhibit A are presented to you for your Board’s approval pursuant to the provisions of Division 1, Part 6, Chapter 8 of the California Revenue and Taxation Code. These properties have been delinquent in payment of property taxes for at least six years and are eligible for the type of purchase provided under Section 3791.4. The sale price set forth in the Agreement complies with the requirements of Revenue and Taxation Code Section 3793.1. County Counsel has reviewed the Resolution and Agreement as to form.
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Performance Measure(s):
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Measure
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FY 2009-10
Actual
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FY 2010-11
Projected
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Secured Property Collection Rate
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98%
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95%
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SHARED VISION 2025:
Adoption of this Resolution contributes to the Shared Vision 2025 outcome of a Collaborative Community by allowing non-profit organizations to increase the amount of available open space areas to San Mateo County Residents.
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FISCAL IMPACT:
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Properties will be sold at the price as shown on the attached lists. The proceeds from the sale are used to satisfy taxes, assessments, and any costs associated with conducting the sale. Any excess proceeds are deposited into the delinquent tax fund for a period of one year. Within the year, any party of interest in the property may file with the County a claim, in proportion to his/her interest in the property, for the excess proceeds. If, after distribution, there remains excess proceeds, Section 4711 of the Revenue and Taxation Code requires the funds be distributed to each tax fund in proportion to the tax rate.
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