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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