1974-11 Relating to Publication of Notice for Expiration of Redemption Periods - ForeclosureAN ORDINANCE RELATING TO PUBLICATION OF NOTICE OF
EXPIRATION OF REDEMPTION PERIODS FOR PROPERTIES FORECLOSED
FOR NONPAYMENT OF TAXES
The Kodiak Island Borough Hereby ordains:
*Section 1. That Section 18 Subchapter 1, Chapter 3 of the
Kodiak Island Borough Code of Ordinances is amended to read:
Section 18. NOTICE OF EXPIRATION OF REDEMPTION
Not earlier than thirty (30) days before the
expiration of the redemption period the Clerk shall
publish a redemption period expiration notice. The
notice shall contain the date of judgment, the date
of expiration of the period of redemption and a
warning to the effect that all properties ordered
sold under the judgment, unless redeemed, shall be
deeded to the borough immediately on expiration of the
period of redemption and that every right or interest
of any person in the properties will be forfeited
forever to the borough. The notice shall be published
once a week for four consecutive weeks in a newspaper
of general circulation distributed within the borough.
The Clerk shall send a copy of the published notice
by certified mail to each record owner of property
against whom a judgment of foreclosure has been taken.
The notice will be mailed within five days of first
publication to the last address of record of the property
owner. The right of redemption expires 30 days after
the date of first publication of the notice.
PASSED AND APPROVED THIS , 2 r DAY OF
1 2 4 4
KODIAR ISLAND BOROUGH
ORDINANCE NUMBER 74 -0 -0
, 1974.
RODIAR ISLAND BOROUGH
C
BY: ' 4/7