Narrative of Resolution:
title
Exercise the right to change the terms of the Repurchase Program in 2024
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RESOLUTION INTRODUCED BY THE EXECUTIVE COMMITTEE TO EXERCISE THE RIGHT TO CHANGE THE TERMS OF THE REPURCHASE PROGRAM IN 2024
WHEREAS, the Sullivan County Treasurer ("Treasurer") as the Real Property Tax Law Article 11 Enforcing Officer is currently engaged in a foreclosure proceeding regarding the 2022 tax liens; and
WHEREAS, the original redemption date for the 2022 tax lien foreclosure proceeding is April 1, 2024; and
WHEREAS, pursuant to Sullivan County Code ? 164-8 (B) (1) the County may conduct a repurchase program after the expiration of the redemption date to commence on March 1st and expire on April 20th in any year the Sullivan County Legislature ("Legislature") chooses to conduct a repurchase program; and
WHEREAS, pursuant to Sullivan County Code ? 164-8 (B) (5) the Legislature reserves the right to change the terms of the repurchase program in any given year; and
WHEREAS, the Legislature believes it is in the best interest of the County, and in particular the owners of real property situate in Sullivan County, to extend the repurchase program for 2024, from April 20, 2024 to a date that is fourteen (14) days prior to the date scheduled by the County for the auction of parcels of real property acquired by the County pursuant to its Article 11 foreclosure proceeding.
NOW THEREFORE BE IT RESOLVED, pursuant to the authority of Sullivan County Code ? 164-8 (B) (5) the Legislature exercises its discretion to change the terms of the repurchase program in 2024, by extending the expiration date of the repurchase program from April 20,...
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