01-14-1985 Council Packet - Laserfiche WebLink

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lowner TAX FOR'EITEU LAND SALES HENNE?INCOUNTY CEPARTiMiENT OF PROPERTY TAXATIO' LES - All tax forfeited land offered at a public auction sale is sold to the idder. Occasionally a public auction will be for the purpose of selling land nt property owners. At that particular auction, only the adjacent property allowed to bid. SALES OVER THE COUNTER - Parcels not sold at a public sale may be purchased after the sale by paying the appraised value of the parcel. Land not sold to adjacent property owners will only be available for the adjacent owner. Prices cannot be changed unless the parcel is reappraised, advertised and again offered at public sale. TERMS - Sale of $150.00 or less - Full payment at sale. Sa a of S151.00 to Sl,00.00 - 20% down or S150.00, whichever is more, balance in five 5 annual installments. Sale of S1,501.00 or more - 20% down, except 10% on all parcels containing structures, a ante in ten (10) annual installments. The interest rate on the unpaid purchase price is a variable rate as per M.S. 549.09. Approximately 30 days before installments are due, a billing will be mailed to indicate the amount of the installed and accrued interest which is due. Any or all installments may be paid in advance. There will be a $10.00 state deed fee, due at the time of final payment. ASSUKANCE ACCOUNT - At the time of the sale of tax forfeited land, the Department of Property Taxation collects in full an amount equal to 3% of the total sales price, to be paid into the state tax forfeited land assurance fund. This amount is payable in addition to the sales price. CONDITIONS - Sales are subject to existing leases, to building restrictions appearing of record at the time of forfeiture and to easements obtained by any governmental subdivision or agency thereof for any public purpose. The appraised value does not represent a basis for future taxes. Contact the city where the land is located for details of building codes or zoning laws. ALL PROPERTY IS SOLD "AS IS" AND MAY NOT CONFORM TO LOCAL BUILDING AND Z014ING ORDINANCES. THE COUNTY MAKES NO WARRANTY THAT THE LAND IS "BUILDABLE". ALL SALES ARE FINAL, AND NO REFUNDS OR EXCHANGES ARE PERMITTED. If a parcel had cancelled special assessments, as indicated on the publication list, the special assessments may be reassessed by the municipality to the extent that the balance of the assessments exceeds the purchase, less administrative costs. Local improvements not yet assessed and special assessments levied after forfeiture must be assumed by the purchaser. TITLE - The purchaser will receive a certificate of sale at the time of purchase. The Commissioner of Revenue will issue a deed from the State of Minnesota after full payment is made. T`' - conveyance shall have the force and effect o"' a patent from the State. However, t1A forfeiture creates a break in the chain of title, ant services of an attorney may be necessary to make the title marketable. DEFAULT - Contracts may be cancelled by the County Board of Commissioners if the purchaser defaults by failing to pay an installment and interest when due or failing to pay current taxes oecoming due during the term of the contract. ACKNOWLEDGEMENT The undersigned acknowledge(s) receipt of a complete copy of this statement on this _ day of ___ 19_ prior to the purchase of tax forfeited land in Hennepin C6unty_.--1he undersigned state s) that he or she has read and understands the statement.