Text: HF00727 Text: HF00729 Text: HF00700 - HF00799 Text: HF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN
1 1 Section 1. Section 446.19A, Code 1999, is amended by
1 2 striking the section and inserting in lieu thereof the
1 3 following:
1 4 446.19A PURCHASE BY COUNTY OR CITY FOR LOW OR MODERATE
1 5 INCOME HOUSING.
1 6 1. The board of supervisors of a county may adopt an
1 7 ordinance authorizing the county and each city in the county
1 8 to bid on and purchase delinquent taxes and to assign tax sale
1 9 certificates of abandoned property. This section may only be
1 10 used by a county or by a city in the county if such an
1 11 ordinance is in effect.
1 12 2. On the day of the regular tax sale or any continuance
1 13 or adjournment of the tax sale, the county or a city may bid
1 14 for abandoned property assessed as residential property or as
1 15 commercial multifamily housing property a sum equal to the
1 16 total amount due. Money shall not be paid by the county or
1 17 city for the purchase, but each of the tax-levying and tax-
1 18 certifying bodies having any interest in the taxes shall be
1 19 charged with the total amount due the tax-levying or tax-
1 20 certifying body as its just share of the purchase price.
1 21 Prior to the purchase, the county or city shall file with the
1 22 county treasurer a verified statement that a parcel to be
1 23 purchased is abandoned and deteriorating in condition or is,
1 24 or is likely to become, a public nuisance, and that the parcel
1 25 is suitable for use for low or moderate income housing
1 26 following rehabilitation.
1 27 3. If after the date that a parcel is sold pursuant to
1 28 this chapter, or after the date that a parcel is sold under
1 29 section 446.18, 446.38, or 446.39, the parcel assessed as
1 30 residential property or as commercial multifamily housing
1 31 property is identified as abandoned pursuant to a verified
1 32 statement filed with the county treasurer by a city or county
1 33 in the form set forth in subsection 2, a city or county may
1 34 require the assignment of the tax sale certificate that had
1 35 been issued for such parcel by paying to the holder of such
2 1 certificate the total amount due on the date the assignment of
2 2 the certificate is made to the county or city and recorded
2 3 with the county treasurer. If the certificate is not assigned
2 4 by the county or city pursuant to subsection 4, the county or
2 5 city, whichever is applicable, is liable for the tax sale
2 6 interest that was due the certificate holder pursuant to
2 7 section 447.1, as of the date of assignment.
2 8 4. a. The city or county may assign the tax sale
2 9 certificate obtained pursuant to this section. Preference
2 10 shall be given to purchasers who are low or moderate income
2 11 families or organizations which assist low or moderate income
2 12 families to obtain housing. Persons who purchase certificates
2 13 from the city or county under this subsection are liable for
2 14 the total amount due the certificate holder pursuant to
2 15 section 447.1.
2 16 b. All persons who purchase certificates from the city or
2 17 county under this subsection shall demonstrate the intent to
2 18 rehabilitate the property for habitation if the property is
2 19 not redeemed. In the alternative, the county or city may, if
2 20 title to the property has vested in the county or city under
2 21 section 448.1, dispose of the property in accordance with
2 22 section 331.361 or 364.7, as applicable.
2 23 5. For the purposes of this section, "abandoned" means the
2 24 same as in section 657A.1. For the purposes of this section,
2 25 "low or moderate income families" has the same meaning as in
2 26 section 403.17.
2 27 Sec. 2. Section 447.9, subsection 1, Code 1999, is amended
2 28 to read as follows:
2 29 1. After one year and nine months from the date of sale,
2 30 or after nine months from the date of a sale made under
2 31 section 446.18, 446.19A, or 446.39, the holder of the
2 32 certificate of purchase may cause to be served upon the person
2 33 in possession of the parcel, and also upon the person in whose
2 34 name the parcel is taxed, a notice signed by the certificate
2 35 holder or the certificate holder's agent or attorney, stating
3 1 the date of sale, the description of the parcel sold, the name
3 2 of the purchaser, and that the right of redemption will expire
3 3 and a deed for the parcel be made unless redemption is made
3 4 within ninety days from the completed service of the notice.
3 5 The notice shall be served by both regular mail and certified
3 6 mail to the person's last known address and such notice is
3 7 deemed completed when the notice by certified mail is
3 8 deposited in the mail and postmarked for delivery. The
3 9 ninety-day redemption period begins as provided in section
3 10 447.12. When the notice is given by a county as a holder of a
3 11 certificate of purchase the notice shall be signed by the
3 12 county treasurer or the county attorney, and when given by a
3 13 city, it shall be signed by the city officer designated by
3 14 resolution of the council. When the notice is given by the
3 15 Iowa finance authority or a city or county agency holding the
3 16 parcel as part of an Iowa homesteading project, it shall be
3 17 signed on behalf of the agency or authority by one of its
3 18 officers, as authorized in rules of the agency or authority.
3 19 Sec. 3. EFFECTIVE AND APPLICABILITY DATE. This Act, being
3 20 deemed of immediate importance, takes effect upon enactment
3 21 and applies to parcels first offered for sale at the tax sale
3 22 held in June 1999, and in subsequent years.
3 23 EXPLANATION
3 24 This bill allows a city or county to bid on parcels
3 25 containing abandoned property, which is residential or
3 26 commercial multifamily housing property, at the annual tax
3 27 sale. Current law allows these entities to bid on parcels
3 28 after the parcel has been offered at tax sale and not been
3 29 sold. The bill defines abandoned property as property that
3 30 has remained vacant and in violation of the applicable local
3 31 housing code for a period of six consecutive months or more.
3 32 The bill also allows cities and counties to purchase tax sale
3 33 certificates from a holder of such a certificate.
3 34 The bill allows cities or counties to assign tax sale
3 35 certificates for abandoned property to low income or moderate
4 1 income families or to organizations which assist low income or
4 2 moderate income families in obtaining housing.
4 3 The bill provides that the redemption period on a parcel
4 4 containing abandoned property that is bid on and purchased by
4 5 a city or county shall be nine months from the date of sale
4 6 rather than one year and nine months from the date of sale.
4 7 The bill takes effect upon enactment and applies to parcels
4 8 offered for sale at the tax sale held in June 1999, and in
4 9 subsequent years.
4 10 LSB 1920HV 78
4 11 sc/jw/5
Text: HF00727 Text: HF00729 Text: HF00700 - HF00799 Text: HF Index Bills and Amendments: General Index Bill History: General Index
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