1. Sale-tax forfeited lots appraised

CASSCOUNlY GOVERNMENT ..I.. Auditor Michael Montplaisir, CPA 701-241-5601 Treasurer Charlotte Sandvik 701-241-5611 Director of Equalization Frank Klein 701-241-5616 Box 2806 211 Ninth Street South Fargo, North Dakota 58103 Fax 701-241-5728 www.casscountynd.gov October 5, 2007 Board of County Commissioners Cass County Government 211 9th St. S. Fargo ND 58103 RE: Appraisal of Forfeited Property Annually you are charged with setting the minimum sales price for properties forfeited to the county for non payment of taxes. This list shows properties as of October 5th with 2002 taxes still owing and tax deeds have been recorded transferring ownership to the county. These properties can still be paid by the former owners through payment of all five years of taxes plus any interest, penalty, and other costs. The list does not show the minimum sales price recommended by the County Auditor and County Director of Equalization. The minimum sales price recommendation will be supplied after Frank Klein, Director of Equalization, has a chance to inspect the properties. The minimum sales price generally must be at least as much as the estimated taxes, specials, penalties, interest and costs from the 2002 through the 2007 tax years. In some cases we may recommend a lower minimum sales price due to the condition of the property. In most cases we will make a recommendation at a discounted fair market value. We discount by the market values based on the county issuing a deed that transfers our interest in the property, not necessarily clear title. Two properties in Argusville forfeited for taxes, were deeded back to the school district that sold the properties in 2001 under a law enacted following our taking of the Buffalo School building a few years ago. Once the minimum sales price is set, we will send a letter to the city auditors and township clerks where property is located informing them of the minimum sales price and of the hearing date and time on the minimum sales price. Property owners have until the auction date to redeem their property by paying the total of taxes, interest, penalties, and costs for the back taxes before the auction date. The public auction under state law is set for the third Tuesday in November, which this year is November 20th. Sincerely, . -- // ~ k.#/ .-+./5) tfb -C.f/ ~~?4~~~ Mi~ontplaiSir County Auditor SUGGESTED MOTION: Move to set the minimum sales price as recommended by the County Auditor and County Director or Equalization. OR Move to set the minimum sales price as recommended by the County Auditor and County Director of Equalization with the following exceptions.