Text: SSB01167 Text: SSB01169 Text: SSB01100 - SSB01199 Text: SSB Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Section 1. Section 446.19A, Code 1999, is amended to read 1 2 as follows: 1 3 446.19A PURCHASE BY COUNTY OR CITY FOR LOW OR MODERATE 1 4 INCOME HOUSING. 1 5Notwithstanding section 446.18On the day of the regular 1 6 tax sale or any continuance or adjournment of the tax sale, a 1 7 city or county or the Iowa finance authority homesteading 1 8 program maypurchasebid for abandoned property assessed as 1 9 residential property or as commercial multifamily housing 1 10which did not sell at an annual tax sale under section 446.71 11forproperty a sum equal to the total amount due. When such a 1 12 bid is received from the city, county, or Iowa finance 1 13 authority homesteading program, the treasurer shall end the 1 14 bidding on that parcel and a tax sale certificate shall be 1 15 issued. Money shall not be paid by the county or other tax- 1 16 levying or tax-certifying body for the purchase, but each of 1 17 the tax-levying and tax-certifying bodies having any interest 1 18 in the taxes shall be charged with the total amount due the 1 19 tax-levying or tax-certifying body as its just share of the 1 20 purchase price. Prior to the purchase the city or county 1 21 shall file with the county treasurer a verified statement that 1 22 a parcel to be purchased is abandoned and deteriorating in 1 23 condition or is, or is likely to become, a public nuisance, 1 24 and that the parcel is suitable for use for low or moderate 1 25 income housing following rehabilitation. For the purposes of 1 26 this section, "abandoned" means the same as in section 657A.1. 1 27 If, during the one-year-and-nine-month period after the 1 28 date that a parcel is sold pursuant to this chapter, or after 1 29 the nine-month period from the date that a parcel is sold 1 30 under section 446.18, 446.38, or 446.39, property assessed as 1 31 residential property or as commercial multifamily housing 1 32 property, is identified as abandoned pursuant to a verified 1 33 statement filed with the county treasurer by a city or county 1 34 in the form set forth in the immediately preceding paragraph, 1 35 a city or county may repurchase the tax sale certificate that 2 1 had been issued for such property by paying to the holder of 2 2 such certificate the full amount due on the date such 2 3 repurchase is made. 2 4 The city or county may sell the certificate of purchase 2 5 obtained pursuant to this section. Preference shall be given 2 6 to purchasers who are low or moderate income families or 2 7 organizations which assist low and moderate income families to 2 8 obtain housing. For the purpose of this section, "low or 2 9 moderate income families" has the same meaning as in section 2 10 403.17. All persons who purchase certificates under this 2 11 section shall demonstrate the intent to rehabilitate the 2 12 property for habitation if the property is not redeemed. In 2 13 the alternative, the county may, if title to the property has 2 14 vested in the county under section 447.9, dispose of the 2 15 property in accordance with section 331.361. 2 16 Sec. 2. Section 447.9, subsection 1, Code 1999, is amended 2 17 to read as follows: 2 18 1. After one year and nine months from the date of sale, 2 19 or after nine months from the date of a sale made under 2 20 section 446.18, 446.19A, or 446.39, or after nine months from 2 21 the date that a tax sale certificate is repurchased by a city 2 22 or county under section 446.19A, the holder of the certificate 2 23 of purchase may cause to be served upon the person in 2 24 possession of the parcel, and also upon the person in whose 2 25 name the parcel is taxed, a notice signed by the certificate 2 26 holder or the certificate holder's agent or attorney, stating 2 27 the date of sale, the description of the parcel sold, the name 2 28 of the purchaser, and that the right of redemption will expire 2 29 and a deed for the parcel be made unless redemption is made 2 30 within ninety days from the completed service of the notice. 2 31 If the person to whom the notice is directed resides in Iowa, 2 32 the notice shall be served in the manner provided for service 2 33 of original notices in the rules of civil procedure.TheIf 2 34 the person to whom the notice is directed is not a resident of 2 35 the state, the notice shall be served by both regular mail and 3 1 certified mail to the person's last known address and such 3 2 notice is deemed completed when the notice by certified mail 3 3 is deposited in the mail and postmarked for delivery. The 3 4 ninety-day redemption period begins as provided in section 3 5 447.12. When the notice is given by a county as a holder of a 3 6 certificate of purchase the notice shall be signed by the 3 7 county treasurer or the county attorney, and when given by a 3 8 city, it shall be signed by the city officer designated by 3 9 resolution of the council. When the notice is given by the 3 10 Iowa finance authority or a city or county agency holding the 3 11 parcel as part of an Iowa homesteading project, it shall be 3 12 signed on behalf of the agency or authority by one of its 3 13 officers, as authorized in rules of the agency or authority. 3 14 Sec. 3. EFFECTIVE AND APPLICABILITY DATE. This Act, being 3 15 deemed of immediate importance, takes effect upon enactment 3 16 and applies to parcels first offered for sale at the tax sale 3 17 held in June 1999, and in subsequent years. 3 18 EXPLANATION 3 19 This bill allows a city, county, or the Iowa finance 3 20 authority under its homesteading program to bid on parcels 3 21 containing abandoned property at the annual tax sale. Current 3 22 law allows these entities to bid on such parcels after the 3 23 parcel has been offered at tax sale and not been sold. The 3 24 bill defines abandoned property as property that has remained 3 25 vacant and in violation of the applicable local housing code 3 26 for a period of six months or more. 3 27 The bill provides that once one of these three entities 3 28 bids the full amount due on a parcel, all bidding on that 3 29 parcel shall end and the county shall issue a tax sale 3 30 certificate to the county, city, or the finance authority. 3 31 The bill provides that the redemption period on a parcel 3 32 containing abandoned property that is bid on and purchased by 3 33 a city, county, or the finance authority shall be nine months 3 34 from the date of sale rather than one year and nine months 3 35 from the date of sale. The bill further provides that notice 4 1 of the right of expiration of redemption shall be served on 4 2 the person in possession of the property and the person listed 4 3 as the taxpayer on the property by personal service if that 4 4 person is a resident of Iowa. Current law provides that 4 5 service of this notice be made by regular and certified mail 4 6 to both residents and nonresidents of the state. 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 1920SC 78 4 11 sc/jw/5
Text: SSB01167 Text: SSB01169 Text: SSB01100 - SSB01199 Text: SSB Index Bills and Amendments: General Index Bill History: General Index
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