ARTICLE III. - SALE OF PROPERTY ACQUIRED AT TAX SALE
Part of the Code of Ordinances of East Providence, RI.
The text
Sec. 16-36. - Authorization; notice.#
After five years from the purchase by the city of any parcels of real estate for the nonpayment of taxes, if the city council is of the opinion that such parcels are of insufficient value to meet the taxes, interest and charges and all subsequent taxes and assessments thereon, the city council may authorize the director of finance to sell all such parcels, severally or together, for the sum which the city council in its opinion shall deem sufficient. The director of finance shall, at least once during each calendar year, cause a notice to be published setting forth a description of such real estate by plat and lot. The notice shall be published in some public newspaper published in the city, then in some public newspaper published in the county, once each week for three successive weeks.
(Rev. Ords. 1987, § 16-36)
Sec. 16-37. - Public auctions; sealed bids generally.#
(a)
Authorized sales by real estate as provided by section 16-36 may be by public auction or by sealed bid. Public auctions of such real estate shall be held according to law.
(b)
The following procedure shall govern sales not at public auction:
(1)
The director of finance is authorized to receive bids from the prospective purchasers of such real estate. All such bids shall be enclosed in a letter addressed to the director of finance setting forth a description of the real estate by plat and lot, and the name and address of the owner of record prior to the purchase of the real estate by the city. The enclosed bid shall be submitted in a sealed envelope and shall be in letter form addressed to the city council.
(2)
The bid shall set forth the officer to purchase, the amount bid, a description of the real estate by plat and lot, and the name and address of the owner of record prior to the purchase of the real estate by the city.
(3)
The bid shall be accompanied by a certified check for ten percent of the amount bid.
(Rev. Ords. 1987, § 16-37)
Sec. 16-38. - Notice of receipt of bids; deadline for acceptance of bids; referral of bids to city council.#
Upon receipt of a sealed bid for a sale of real estate not at public auction, the director of finance shall give notice by registered mail of the receipt of the bid to the owner of record prior to the purchase of the real estate by the city. After the expiration of 90 days from the giving of such notice to the owner of record by the director of finance, the sealed bids shall be opened by the director of finance and the bids shall be referred to the next regular meeting of the city council. No bid shall be accepted by the director of finance after 90 days from the date upon which the notice is given by the director of finance to the owner of record.
(Rev. Ords. 1987, § 16-38)
Sec. 16-39. - Action by city council; preparation and form of deed.#
The city council shall accept or reject the bid referred to it by the director of finance, and if the bid is accepted, the director of finance shall execute and deliver to the purchaser a deed without covenant, except that the sale has been conducted according to law. The deed shall be in a form approved by the city solicitor.
(Rev. Ords. 1987, § 16-39)