Title
2013 Tax Recovery Public Auction Reserve Bids and Conditions of Sale
Proposed Motion(s)
(1) That Council establish the reserve bids as presented for properties being offered for sale at the public auction on August 21, 2013, and
(2) That Council approve the Terms and Conditions of Sale for the 2013 Public Auction as presented.
Body
Administration Recommendation(s)
Administration supports the proposed motions.
Purpose
Section 419 of the Municipal Government Act (MGA) stipulates that Council must set a reserve bid that is as close as reasonably possible to the market value of each parcel, and any conditions that apply to the sale.
Summary
As required by the MGA, a municipality must annually prepare a tax arrears list showing the parcels of land on which there are tax arrears for more than one year as at March 31. Further to this, any parcel of land shown on the 2012 tax arrears list which remains in arrears as of March 31, 2013, must be offered for sale by public auction between April 1, 2013 and March 31, 2014. Administration has scheduled the 2013 Public Auction date for Wednesday, August 21, 2013 at 10:00 a.m., in Council Chambers at Parkland County Centre, which will be advertised as per the MGA.
Strategic Plan/Policy/Legal/Staff Implications (As Required)
In compliance with Section 417 of the MGA, the Registrar (Land Titles) sends notices (prior to August 1, 2012) to all registered property owners and caveat holders regarding tax notification, stating that if tax arrears are not paid before March 31 in the following year (2013), the municipality will offer the parcel for sale at a public auction. Parkland County also provides correspondence (January 2012, May 2012, and May 2013) to advise property owners of pending auction if arrears are not paid in full.
Financial Impact:
Cost: N/A
Source of Funding: N/A
Other (As Required)