[HISTORY: Comes from L.L. No. 17-1967, adopted 10-10-1967, effective 10-19-1967.]
[1]
Editor's Note: The original Section 1.0 of this chapter provided as follows:
"It is an established principle of law that judgment liens against real property in favor of a municipality are not distinguished from any other judgment lien. All Judgment liens are subordinate to the liens of extant and subsequent taxes and prior mortgage liens, and foreclosure of such prior liens can render a Judgment lien valueless. This legislation is intended to authorize the Town Board to invest surplus town moneys, when it deems necessary, to purchase, redeem or satisfy paramount liens, or the property to which they attach, in order to protect town judgment liens."
Whenever the town or any special district administered by the Town Board shall be a judgment creditor, the Town Board may take whatever steps are necessary to protect the lien of its judgment against real property of the judgment debtor, including the purchase, satisfaction or discharge of all superior liens, the purchase of the real property of the judgment debtor, or the redemption of such real property from superior liens, including liens arising out of the nonpayment of taxes upon real property, pursuant to the procedures herein prescribed.
There is hereby created a Real Property Redemption Committee for the Town of Hempstead (hereinafter sometimes referred to as the "Committee"), to consist of four persons, each to be designated in writing filed with the Town Clerk by the heads of the following departments: Town Attorney, Town Comptroller, Buildings and Real Estate.
A. 
The Real Property Redemption Committee shall convene whenever necessary, at the direction of the Town Attorney, to review the town or special district lien against judgment debtor's realty of any judgment in favor of the town, or any special district administered by the Town Board, when said lien shall be subject to foreclosure by the enforcement of a superior lien.
B. 
The Committee shall take into consideration the amount of the lien in favor of the town or special district, the amount of the superior lien or liens, the value of the real property to which liens have been attached, and any additional costs which can reasonably be anticipated in making the subject real property marketable.
C. 
After consideration of the matters set forth in § 9-3B above, the Committee shall file its report, in writing, signed by all Committee members, setting forth the matters considered, describing in general terms the real property which is the subject of their report and the recommendation of the Committee as to action to be taken, with the Town Clerk and all Town Board members. The Town Board shall thereafter make a determination as to the matter and shall direct that appropriate action be taken.
Any moneys to be expended for the purposes herein provided shall be appropriated as necessary out of the surplus funds of the town, or special district involved.
The Town Board shall periodically, as required by resolution, direct the manner and terms of disposition of any real property, or interest therein, acquired as in this chapter provided, and all moneys realized from such disposition shall be surplus funds of the town or of the special district involved, as the case be. Such disposition may be at public or private sale.