ACCEPTING A BID ON SAUK COUNTY ACQUIRED TAX-DEEDED PROPERTY FROM MICHAEL PRICE FOR PARCEL NO. 146-1053-50380

RESOLUTION NO. _____ - 2018

[Text Box: Fiscal Impact: [] None [x] Budgeted Expenditure [] Not Budgeted ] [Text Box: Background: Sauk County will issues 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 determined 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 26, 2018 at 4:31 pm, the County Treasurer and the Deputy County Treasurer opened the received bids. 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 bid 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.] ACCEPTING A BID ON SAUK COUNTY ACQUIRED TAX-DEEDED PROPERTY FROM MICHAEL PRICE FOR PARCEL NO. 146-1053-50380

VILLAGE OF LAKE DELTON

#146-1053-50380       SPRING BROOK GLEN CONDO CAMPGROUND (PH 1) UNIT 38

Appraised Value:        $15,000.00

Amount of Bid:           $15,100.00

Submitted by:              Michael Price

            NOW, THEREFORE, BE IT RESOLVED, by the Sauk County Board of Supervisors met in regular session, that the Sauk County Clerk is authorized 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 14, 2018.

            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 18, 2018.

Respectfully submitted,

SAUK COUNTY PROPERTY AND INSURANCE COMMITTEE:

__________________________________         ___________________________________

SCOTT VON ASTEN, Chairperson               WILLIAM HAMBRECHT

__________________________________         ___________________________________

JEAN BERLIN                                                                 CARL GRUBER

__________________________________

SHANE GIBSON

FISCAL NOTE: Sauk County Funds invested in this property are $6,504.28.  Funds received from the bidder are $15,100.00

MIS NOTE:  No Information Systems impact