Asbury Park
NJ

Resolution
2017-10

Resolution Authorizing Premium to Escheat to Municipality After Five Years

Information

Department:Tax CollectorSponsors:
Category:Reorganization Resolutions

Attachments

  1. Printout

Body

WHEREAS, in accordance with N.J.S.A. 54:5-33: Any premium payments shall be held by the collector and returned to the purchaser of the fee if and when redemption is made.  If redemption is not made within five years from date of sale/foreclosure, the premium payment shall be turned over to the treasurer of the municipality and become part of the funds of the municipality.

 

NOW, THEREFORE, BE IT RESOLVED, that the Mayor and Council for the City of Asbury Park authorize, that they hereby authorize the Chief Financial Officer to accept the premiums in for premium of Tax Sale Certificates.

 

Meeting History

Jan 1, 2017 2:00 PM  Municipal Council Organizational Meeting
RESULT:ADOPTED [UNANIMOUS]
MOVER:Jesse Kendle, Councilmember
SECONDER:Yvonne Clayton, Councilmember
AYES:Eileen Chapman, Yvonne Clayton, Jesse Kendle, Amy Quinn, John Moor