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County Administrator's Report 10. 15.

BCC Regular Meeting

Budget & Finance Consent

Meeting Date:	01/07/2020
Issue: Default on the Purchase of County-Owned Real Property Located at 39 N Cypress Street
From:	STEPHAN HALL
Department:	Asst County Administrator
CAO Approval:

RECOMMENDATION:

Recommendation Concerning Default on the Purchase of County-Owned Real Property Located at 39 North Cypress Street - Stephan Hall, Budget Manager, Management and Budget Services

That the Board take the following action concerning Default on the Purchase of County-Owned Real Property Located at 39 North Cypress Street; Account # 12-3553-140, Reference # 02-4N-33-4400-005-300. This property is located in District 5:

A. Declare Thien Vo the successful bidder of the parcel referenced above, to be in default of the terms of the Contract between him and the County for the purchase of the County-owned parcel located at 39 North Cypress Street, for failure to close in the timeframe prescribed by the terms of the Contract;

B. Retain the deposit made by Thien Vo, in the amount of $570, for the parcel located at 39 North Cypress Street; and

C. Authorize the parcel to be re-advertised for sale at another auction.

Thien Vo was the successful bidder in the surplus real property auction ending September 16, 2019, wherein he bid $5,700 for the parcel located at 39 North Cypress Street. On September 18, 2019, Mr. Vo completed the 10% Deposit and Purchase Form and submitted his bid deposit to the County in the amount of $570 for the aforementioned parcel. The County Attorney's Office mailed a set of closing documents to Mr. Vo on September 20, 2019. County staff attempted to contact Mr. Vo regarding return of the closing documents; however, Mr. Vo stopped responding to phone calls and emails.

On November 18, 2019, a certified letter from the County Administrator was mailed to Mr. Vo, advising that he had failed to complete the closing and that the Administrator would recommend the Board find him to be in default of the terms of the sale, retain his bid deposit, and authorize the property to be re-advertised for sale at another auction.

On December 5, 2019, staff received an email from Mr. Vo, apologizing for not going through with the closing.

BACKGROUND:

Thien Vo was the successful bidder in the surplus real property auction ending September 16, 2019, wherein he bid $5,700 for the parcel located at 39 North Cypress Street. On September 18, 2019, Mr. Vo completed the 10% Deposit and Purchase Form and submitted his bid deposit to the County in the amount of $570 for the aforementioned parcel. The County Attorney's Office mailed a set of closing documents to Mr. Vo on September 20, 2019. County staff attempted to contact Mr. Vo regarding return of the closing documents; however, Mr. Vo stopped responding to phone calls and emails.

On November 18, 2019, a certified letter from the County Administrator was mailed to Mr. Vo, advising that he had failed to complete the closing and that the Administrator would recommend the Board find him to be in default of the terms of the sale, retain his bid deposit, and authorize the property to be re-advertised for sale at another auction.

On December 5, 2019, staff received an email from Mr. Vo, apologizing for not going through with the closing.

BUDGETARY IMPACT:

The 10% bid deposit submitted by Mr. Vo was deposited into the General Fund.

LEGAL CONSIDERATIONS/SIGN-OFF:

N/A

PERSONNEL:

N/A

POLICY/REQUIREMENT FOR BOARD ACTION:

N/A

IMPLEMENTATION/COORDINATION:

Attachments
Administrator Ltr to Thien Vo re: 39 N Cypress Street
12-5-2019 Correspondence from Mr. Vo