In the matter of the Klamath County Treasurer to distribute proceeds from the sale of tax foreclosed properties. Property Manager/Rick Vaughn
BACKGROUND & CONCLUSIONS: When property has been subjected to tax foreclosure for nonpayment of taxes and interest and not redeemed within the two-year redemption period, the property is deeded to the County by the Tax Collector; and any property owned by the County and not in use for County purposes is offered for sale to the public. On August 25th, 2022, and on April 27th 2023, the County held a public sale and after the County Treasurer deducted the County’s expenses and cost from the sale, there remains a sum of $810,545.32 to be distributed as required by ORS 311.390 and in accordance with ORS 275.275 on or before June 30, 2023.
RECOMMENDED MOTION: Approve and execute the attached Order for the County Treasurer to distribute $810,545.32, as required by ORS 311.390 and in accordance with ORS 275.275 on or before June 30, 2023. FISCAL IMPACT: $810,545.32 Expenditure from the County Property Sales Trust-Agency Fund.