01-23-2001Minutes - Laserfiche WebLink

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.. ~01025 RESOLUTION #01- D{)003 A RESOLUTION AUTHORIZING THE ESTABLISHMENT OF ESCROW ACCOUNTS FOR THE PAYMENT OF TAXES WHEREAS, Nebraska Revised Statute 9 77-1704.02 authorizes County Boards to allow payments for the discharge of current and delinquent real property taxes, personal property taxes, or both or any charges for interest, publication, penalties, or other charges by reason of the delinquency of such taxes to be held in escrow by the county treasurer ;and WHEREAS, the County Board desires to authorize the Hall County Treasurer (hereinafter "Treasurer") to accept and hold in escrow payments for the discharge of current and delinquent real property taxes, personal property taxes, or both or any charges for interest, publication, penalties, or other charges by reason of the delinquency of such taxes. NOW BE IT RESOLVED as follows: 1. The Treasurer is hereby authorized to accept and hold in escrow payments for the discharge of current and delinquent real property taxes and personal property taxes or any charges for interest, publication, penalties, or other charges by reason of the delinquency of such taxes. 2. Amounts received in escrow by the Treasurer shall be held until the accumulated payments are sufficient to pay at least one-half the taxes currently due on the property or the full amount of delinquency and any interest, penalties, or other charges due to the delinquency. An escrow agreement shall be executed between the person making payment and the county treasurer as a condition for accepting payments. 3. The Treasurer may establish any such minimum, limited, or periodic payment amounts as condition for acceptance of payments to be held in escrow as determined by the Treasurer to be in the best interests of the entities to whom the taxes are owed and consistent with reasonable office practices. 4. Amounts received in escrow pursuant to any executed escrow agreement shall be commingled with other County funds. Any interest attributable to such funds shall be the property of the County. 5. Amounts received by the Treasurer in escrow shall remain the property of the person making payment and shall be held in trust by the Treasurer for the benefit of such person and be accounted for with respect to the property for which the current or delinquent taxes are to be paid. Upon sale ofthe property, any amounts held in escrow with respect to that property shall be returned to the person that made the payment or applied as directed by such person. 6. This resolution shall take effect on February 1,2001.