HomeMy WebLinkAbout1969 Resolution No. 011I
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A RESOLUTION AUTHORIZING THE CITY CLERK TO ENTER INTO AGREEMENTS
FOR THE REDEMPTION OF TAX CERTIFICATES HELD BY THE CITY OF ENGLEWOOD.
WHEREAS, the County Treasurer of the County of Arapahoe
has issued to the City of Enql e wood certain tax certificates for
certai n real property in the City of Englewood, and
WHEREAS, the City of Englewood currently holds twenty-
eight such tax certificates with a total face value of $10,676.35,
and
WHEREAS, it appears that a tax deed may properly be issued
for twenty-six of these tax certificates,
NOW, 'rlll-:l{El-'O IU:, en: IT R~SOLVED DY ·r11E CITY COUNCIL OF
THE CITY OF ENGLEWOOD, COLORADO, as follows:
'J'h;it th<' Dir0~tor of Finance is h ereb y a utho rized a nd
di1t••·•··d lo l.ak•· Iii•· l1dl uwi 11q .w l iu11 w l ll1 ruy .... ru Lo ll10ti O La x
rli fi c alcrn h c lc.J l>y lhc Cily upon wh ich ta x deeds may now be
issued or may in the future be issued:
1. At such time as a tax deed may be issued pursuant
o the Statutes of lhc State of Colorado, the Director of Finance
shall notify the owner or owners of the affected property by
r L'<J j :; l t.•rl•d or L't ·i-l i I i 1 •d 111Jj l Lha l if the amo un l due und er t h e
tax certificate plus accrued interest is not paid within thirty
(30) days, the City will apply to the County Treasurer of the
County of Arapahoe for the issuance of a tax deed to said property.
2. If the tax certificate is not redeemed within said
thi.rty (30) day period, t h e Director of Finance shall spply to
the County Treasurer of the County of Arapahoe for the issuance
of a tax deed for said property.
3. If the owner or owners of the affected property notify
the Director of Finance that they desire to redeem the tax certi-
ficate held by the City, the Director c1 Finance is hereby authorized
and directed to accept payment in full of the amount set forth in
the tax certificate plus accrued interest or to enter into an
agreement for the payment of said amount plus accrued interest.
4. In the event that the Director of Finance enters
into an agreement as hereinabove stated, said agreement shall
substantially comply with Exhibit A, which is attached hereto
and made a part hereof, but in all events said agreement shall
omply wi th the following rvquircmc nt s :
a. The amount set forth i n the tax certificate plus
the accrued interest shall become the principal amount due under
the agreement.
b. Interest shall accrue under said agreement at the
rate of eight p er cent (8%) simple interest on the unpaid balance.
c. No such agreement shall be for a time period
exceeding two (2) years.
d. Failure to make any payment within twenty (20)
days after said payment is due shall cause the whole amount of
h e unpaid balance to become due a nd payable at onc e and unl e ss
said unpaid balance is paid in f ull the Director of Finance shall
"l'l'IY tn tl1•, <'11111i l '/ 'l'1 1111r1111•11 '-'f U1 ~ rnmlly nf 1\rhpnhoo for 11
x deed to said properly.
ll lhc o wn er or o wn e rs of the affected property shall
comply with lhc te rm s of said agreement, the Director of Finance,
upon receipt of the final payment under said agreement, shall
cause Lhc lax cur lilica lu lo be a8sig n ed by the City to the said
owner or owners.
DATED this 17th day of March, 1969.
~~ / Mayor
Attest:
I, Stephen A. Lyon, do hereby certify that the above and
foregoi ng is a true , accurate a nd complete copy of a Resolution
passed by the City Council of the City of Englewood on the 17th
day of March, 1969.
Attest:
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