[HISTORY: Adopted by the Board of Selectmen of the Town of Islesboro 7-6-2011. Amendments noted where applicable.]
It is the policy of the Board of Selectmen to provide for the disposal of tax-acquired property.
Prior to foreclosing a tax lien the Board shall determine whether it is in the best interest of the Town to take title to the property. Considerations include but are not limited to possible environmental remediation costs; possible welfare costs; possible demolition; possible maintenance costs; and increased liability. The Board of Selectmen shall ensure that an article be placed in the warrant of every Annual Town Meeting that states in effect:
A copy of that article shall be attached to the thirty-day foreclosure notice when sent to the owner of the property to be foreclosed. In addition, the following procedure for reconveyance to a prior owner shall be sent with the thirty-day foreclosure notice.
To obtain reconveyance of the foreclosed property, this procedure shall be followed:
The prior owner (or heir/s) shall write to the Board of Selectmen to request the return of the property within 30 calendar days after the date of foreclosure.
The Board shall decide at a public meeting whether to approve the reconveyance.
If the Board approves a reconveyance, the prior owner (or heir/s) shall pay the following funds prior to the reconveyance on schedule determined by the Board:
The Town shall not be required to provide any additional notification to the property owner regarding this procedure.