I. Council Action Requested.
Title
To find that public benefit is derived by not offering for sale the property identified as tax account L4885R pursuant to the Policy on Tax Acquired Property and allow the previous assessed owner to regain title to the property by entering into an agreement to pay all 2023, 2024 and 2025 taxes, interest, and costs owed thereon.
Body
II. Basis for Council Action.
Council approval of this item is required because;
a. The Town has the ability to “sell, lease, mortgage, hold, manage and control such property as its interest may “require”,
b. The Town Council has the authority under Article II, Section 3 (I) of the Charter to [e]xercise all the legislative, financial, borrowing and other powers now or hereafter given by statute to inhabitants of towns acting in Town Meeting except as otherwise provided herein, and
c. Article 1, Section 1.4 of the Policy of the Disposition of Tax-Acquired Property states that any release of the Town’s interest pursuant to this policy is at the sole discretion of the Town Council.
III. Issue Summary.
The previous property owners have presented payment in full for all taxes due for this single family primary residence.