[Adopted 2-24-2009 by L.L. No. 1-2009]
In accordance with Article IV of this chapter, the collection of Village taxes continues to be enforced pursuant to Title 3 of Article 14 of the Real Property Tax Law, as in effect on December 31, 1994. Thus, Village tax sales are conducted pursuant to § 1454 of the Real Property Tax Law.[1] The purpose of this Article VIII is to empower the Village to bid for and purchase parcels of real property offered for sale at such tax sales.
[1]
Editor's Note: Real Property Tax Law § 1454
was repealed by L. 1993, c. 602, § 4, effective 1-1-1995.
A.
The Village is empowered to bid for and purchase parcels
of real property offered for sale at Village tax sales conducted pursuant
to § 1454 of the Real Property Tax Law.
B.
The Village is empowered to bid for a parcel of real
property offered for sale at such tax sale by bidding for the purchase
of a 100% undivided interest in such parcel for the amount due (the
amount of the tax, interest and charges due on such parcel). The Village
is also empowered to bid for a parcel of real property offered for
sale at such tax sale by bidding for the purchase of a lesser undivided
interest (an undivided interest of less than 100%) in such parcel
for the amount due (the amount of the tax, interest and charges due
on such parcel). The foregoing powers shall be applicable to each
parcel of real property offered for sale at such tax sale.
C.
With respect to each parcel of real property offered
for sale at such tax sale, the Village shall have the right to make
the initial or opening bid. If the Village exercises such right, such
initial or opening bid shall be a bid for the purchase of a 100% undivided
interest in such parcel for the amount due (the amount of the tax,
interest and charges due on such parcel).
D.
With respect to each parcel of real property offered
for sale at such tax sale, the Village shall have the right to match
the lowest bid made by any other bidder, the lowest bid made by any
other bidder being the bid for the purchase of the smallest percentage
of undivided interest (whether 0% or some other percent) in such parcel
for the amount due (the amount of the tax, interest and charges due
on such parcel). If the Village exercises such right, the Village's
matching bid shall be preferred and shall be deemed to be the ultimate
successful bid.
A.
The Village Board of Trustees delegates to the Village Treasurer the power and authority to implement the powers of the Village set forth in § 99-35, including the power and authority:
(1)
To bid on behalf of the Village for the purchase by
the Village of parcels of real property offered for sale at Village
tax sales conducted pursuant to § 1454 of the Real Property
Tax Law;
(2)
To bid on behalf of the Village for the purchase by
the Village of a 100% undivided interest in a parcel for the amount
due;
(3)
To bid on behalf of the Village for the purchase by
the Village of a lesser undivided interest (an undivided interest
of less than 100%) in a parcel for the amount due;
(4)
To match on behalf of the Village the lowest bid made
by any other bidder;
(5)
With respect to each parcel of real property offered
for sale at such tax sale, to decide whether to bid on behalf of the
Village, to decide whether to bid on behalf of the Village for the
purchase of a 100% undivided interest, to decide whether to bid on
behalf of the Village for the purchase of a lesser undivided interest,
and to decide whether to match on behalf of the Village the lowest
bid made by any other bidder.
B.
The Village Board of Trustees may from time to time by resolution amend the provisions of § 99-36. Any such amendment may include a provision delegating the power and authority to implement the powers of the Village set forth in § 99-35 to another Village official (an official other than the Village Treasurer). Any such amendment may include provisions providing direction with respect to implementing the powers of the Village set forth in § 99-35.