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HomeMy WebLinkAboutR91-079 redemption of certificate of taxes levied in error American Legioni Commissioner moved adoption of the following Resolution: BOARD OF COUNTY COMMISSIONERS COUNTY OF EAGLE, STATE OF COLORADO REGARDING REDEMPTION OF CERTIFICATE OF PURCHASE RESULTING FROM THE SALE OF TAXES LEVIED IN ERROR AMERICAN LEGION #150 WHEREAS, by notice dated May 9, 1988, the Division of Property Taxation of the State of Colorado determined that the property of the Eagle River Valley Post, American Legion #150, identified by Schedule Number 0021758, was owned and used exclusively for charitable purposes, and as a result was exempt from real property taxation effective January 1, 1985; and WHEREAS, in 1988, the records of the Eagle County Treasurer showed that real property taxes for the subject property were due and unpaid for the tax year 1987; and WHEREAS, on or about November 15, 1988, the Eagle County Treasurer sold at tax sale the taxes purported to be due and unpaid; and and WHEREAS, Colorado Revised Statutes Section 39 -12 -11 provides: (1) When, by mistake or error of the treasurer. . .a tax lien has been sold on land upon which no tax was due at the time, the county shall reimburse the purchaser in the amount paid by him in connection with the purchase of the tax lien on such land, together with interest from the date of purchase at the rate which is determined as provided in this section. Reimbursement shall be made from the various funds to which the tax was originally distributed; except that interest shall be paid from the county general fund. (2) (a) The annual rate of interest shall be two percentage points above the discount rate, which discount rate shall be the rate of interest a commercial bank pays to the federal reserve bank of Kansas City using a government bond or other eligible paper as security, and shall be rounded to the nearest full percent. NOW, THEREFORE, BE IT COMMISSIONERS OF THE COUNTY RESOLVED BY THE BOARD OF COUNTY OF EAGLE, STATE OF COLORADO: THAT, the levy of taxes upon the subject property and the resulting sale of the tax lien were erroneous. THAT, Eagle County shall redeem the certificate of purchase, in the following amounts: Amount of Certificate $ 1,548.96 Interest through 9/30/91 (at 9% per annum) 406.64 TOTAL AMOUNT to be redeemed $ 1,955.60 THAT, reimbursement to the holder of the certificate of purchase shall be made from the various funds to which the tax was originally distributed; except that the interest shall be paid from the County General Fund; and THAT, the Eagle County Budget Officer and the Eagle County Treasurer are hereby directed to take all actions necessary to effectuate this resolution. MOVED, READ AND ADOPTED by the Board of County Commissioners of the County of Eagle, State of Colorado, at its regular meeting held the �„ day of October, 1991, nunc pro tunc September 30, 1991. COUNTY OF EAGLE, STATE OF COLORADO, By and Through Its BOARD OF COUNTY COMMISSIONERS 02 -2- Commissioned Dona` . Welch, Commissioner Commissioner seconded adoption of the foregoing resolution. The ro av nng been called, the vote was as follows: Commissioner George A. Gates Commissioner Richard L. Gustafson Commissioner Donald H. Welch This Resolution passed by vote of the Board of County Commissioners of the County of Eagle, state of Colorado. 88 -73 -3-