1969-35 Amending Chapter 6 to Provide for Disposal of Tax Foreclosed LandsPage One, ORDINANCE
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KODIAK ISLAND BOROUGH
ORDINANCE NO. 69dm0
AN ORDINANCE AMENDING CHAPTER SIX OF THE BOROUGH
CODE OF ORDINANCES BY ADDING SECTIONS
3.2 A,
PROVIDE FOR DISPOSAL OF TAX FORECLOSED LANDS.
and C THERETO TO
BE IT ORDAINED:
Chanter Six (6) of the Kodiak Island Borough Code of
Ordinances is hereby amended by adding Sections 3.2 A, 3, and C
thereto, which shall read as follows:
"Section 3.2 A" The Record owner at the time of tax
foreclosure of any propert
y.acquired by the Borough for delinquent
taxes, or his successors and assigns, may, at any time before the
Sale or Contract of Sale of the tax foreclosed property, repurchas,
the property. The the pro Borough shall sell th property p Y to the former
record owner or his successor or assigns, for the full amount
applicable to the property under the Judgement of F
with interest at the rate of eight (8%) Foreclosure,
per cent per year from the
date of entry of Judgement of Foreclosure to the date of repur-
chase, together with delinquent taxes assessed and levied as thouahj
it had continued in private ownership.
"Section 3.2 B" Property resold to the record owner,
his successors or assigns under this section is subject to all lien
and claims arising out of an assessment for a local improvement
levied against the property, or part of it, by a municipal corpora-
tion and is subject to the title or equity of the governmental
unit predicated on or growing out of the lien or assessment.
"Section 3.2 C" Tax foreclosed property may be sold
by the Borough in the manner provided in this chapter for the
sale of other lands owned by the Borough with the exception that
prior to the sale of tax foreclosed properties, notice of the in-
tended sale shall be given by registered or certified mail to the
record owner at the time of tax foreclosure. Notice shall be
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given a reasonable time before a Sale or Contract of Sale is made 1
and shall advise the record owner of his right of repurchase
authorized by Section 3.2.A hereof.
This ordinance shall become effective thirty (30)
days after its adoption.
ATTEST
BORO JGH CLEFK
Page Two, ORDINANCE
KODIAK ISLAND BOROUGH
BY:
BY:
First reading and approval date December 4, 1969,
second reading and public hearing date, December 18, 1969.