[Adopted 11-8-2016 by L.L. No. 10-2016]
In accordance with Article I 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repealed by L. 1993, c. 602, § 4, effective 1-1-1995.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 § 250-38, 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 § 250-38. Any such amendment may include a provision delegating the power and authority to implement the powers of the Village set forth in § 250-38 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 § 250-38.