06-F Tax Proposal - Perdue - Laserfiche WebLink

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Resale Properties The firm has elctensive experience in reselling properties that ow clients hold in trust for themselves and other districts. It is our policy to get these properties back onto the tazx rolls in a revenue producing capacity as quickly as possible. It is also our policy to provide this service to our clients with that degree of interaction with the administrarion and goveming body desired by the client. This is one of the services that we provide at no cost to the district for our services. There aze three methods that can be utilized in reselling property that has been struck-offto the entities at Tax Sale. 1. Private Sale - involves negotiations between the district and interested parties. We will handle the negotiations for the client. 2. Sheriffs Sale - the sheriff may re-post and sell the property with no set minimum amount. 3. Sealad Bids - the district may advertise for sealed bids on the property and accept the best offer made. We will handle the process for the district. One of the first steps that we take is to notify people who own the neighboring property that the property belongs to the district and that they may submit a bid to the district should they be interested in purchasing the properry. If our firm did not conduct the original taac sale, then we recheck the title research on the properiy to insure that there are no potenrial problems with the property. We post "For Sale" signs on the property for general disclosure. We also place advertisements of the properties in the newspaper with a bid submission deadline. We handle a11 of the bids and take them to the district with recommendations of action to be taken by the district. Our firm works with the representatives of other districts to obtain mutual agreement for the disposition of the properties. Should the district proceed to sell the subject properties, our firm performs a11 of the papenvork and deed work required to transfer ownership to the purchaser. Any costs associated with this service which are not covered by the sale would be bome by the firm. SCftqR ry- SCOP! 0f StlYIC!{ - Pi(! 17