Treasurer makes win win laws for Tax Certificate Sales money under ORC

Submitted by ANGELnWard14 on Mon, 12/13/2010 - 11:03.

Help me to understand this....

A) The County Commissioners paid GLS/PPTS $50k to research TAX POLICY in Ohio...then  

B) Treasurer Jim Rokakis LOBBIED to establish the ORC chapters like ORC 5721 that would support his Land Bank and Property Tax Certificate Sales to third parties....

C) Then there were HAND PICKED PARCELS sold to the (collusive) third party tax certificate buyers which turned out to be GLS/Plymouth Park Tax Services/ and one year AEON FINANCIAL got in on the buying... from 99-2008.

D) Meanwhile, the INTEREST ON THE MONEY PAID BACK TO THE COUNTY by the Third party tax certificate Buyers was supposed to be used for the TAX CERTIFICATE REDEMPTION FUND...and the leftover interest was able to be applied to the LANDBANK.... HMMMM! Interesting! 

(D)(1) Immediately upon receipt of full payment under division (A) or (B) of this section, the county treasurer shall make an entry to that effect in the tax certificate register, credit the payment to the tax certificate redemption fund created in the county treasury, and shall notify the certificate holder or holders by ordinary first class or certified mail or by binary means that the parcel has been redeemed and the lien or liens canceled, and that payment on the certificate or certificates is forthcoming. The treasurer shall pay the tax certificate holder or holders promptly.

The county treasurer shall administer the tax certificate redemption fund for the purpose of redeeming tax certificates. Interest earned on the fund shall be credited to the county general fund. If the county has established a county land reutilization corporation, the county treasurer may apply interest earned on the fund to the payment of the expenses of such corporation.

 

 

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Angel...

Lily and you work so hard with the CORRUPTION in this County....a pat on the back, for you!  Thank you...

Mytown...Thank You...

Merry Christmas! Hugs, love and prayers! Keep smiling!