Accepting Bids on Tax-Delinquent Real Estate

Committee Status:

Approved

Budget Status:

External Source

Decision Impact:

Significant

FTE Impact:

Funding Source:

Other (see budget status)

Purpose

To sell Tax Deed properties we have received bids on.

Background

Routine yearly selling of tax deed properties.

Resolution Files:

Accepting Bids on Tax-Delinquent Real Estate

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 September 15, 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:

VILLAGE OF LAKE DELTON

146-0147-53416 S20-13-06 PRT SE SW = CSM #1293 LOT 4 7.88A

Appraised Value: $60,000.00

Bid: $62,500.00

Submitted by: Andrew Toczycki

VILLAGE OF MERRIMAC

151-0139-00000 VILL MERRIMAC ASSESSORS PLAT OUTLOT 37 EXC N80'

W/EASE R181-529 (211 E. MAIN ST, MERRIMAC)

Appraised Value: $33,500.00

Bid: $33,500.00

Submitted by: Divine Mercy Parish

VILLAGE OF PLAIN

171-0433-00000 VIL PLAIN 3RD ADD TO WESTBROOK (FMLY PRT

WESTBROOK) LOT 150 0.73A

Appraised Value: $8,900.00

Bid: $12,000.00

Submitted by: David & Karen Buchanan

CITY OF REEDSBURG

276-1217-00000 CITY OF REEDSBURG TITUS ADD W5.5' OF N115.5' LOT 2

& E 50.5' OF N115.5' LOT 3 BLK 4 (812 3^RD ST, REEDSBURG)

Appraised Value: $5,945.00

Bid: $7,510.00

Submitted by: Jason Schafer

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 October 2, 2015.

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

Page 2 of 2

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 October 20^th, 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, October 20, 2015

Committee Review 1:

Pending

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