SECTIONS 26290 - California Statutes

WATER CODE

SECTION 26290

26290. (a) If a collector's deed for property sold for delinquent
assessments, or one installment of a delinquent assessment, has been
delivered to the district, the district shall not sell or otherwise
dispose of the property except as provided in this section.
(b) The district may sell the property, in which case it shall
sell the property at a public auction upon having first given notice
to the assessee by certified mail with return receipt requested and
notice of the sale as prescribed by Sections 3701, 3702, and 3704 of
the Revenue and Taxation Code.
(c) If the property is to be sold and is not redeemed before the
first bid is received on the property, the district shall sell the
property at public auction to the highest bidder at the time and
place fixed.
(d) The board may establish a minimum sale price for the property
which includes all of the following amounts:
(1) The amount of the sale described on each certificate of sale
outstanding.
(2) The amount of a penalty on each certificate of sale
outstanding that equals the adjusted annual rate established by the
Franchise Tax Board, as provided in Section 19521 of the Revenue and
Taxation Code, divided by 12 per month from the date of sale until
sale at public auction.
(3) An amount that equals the amount for each year of escaped
assessment. The assessor shall establish the assessment value for the
land for each year of escaped assessment and the collector shall
apply the rate fixed in that year to determine the amount of the
escaped assessment.
(4) The costs incurred in connection with recording the
certificate of sale .
(5) The costs of publication of notice incurred in connection with
the delinquency.
(6) The costs incurred in connection with the preparation for a
proposed sale of the property, except that a district board may waive
some or all of these costs if it determines that the circumstances
support the waiver.
(e) At any time after the delivery of the collector's deed, and
before the property is sold, the board may determine by resolution
that the property is not to be sold, thereby terminating the right to
redemption, but at least 30 days before the adoption of such a
resolution the district shall give notice to the assessee, with
return receipt requested, of the time, date, and place of the meeting
at which the resolution will be considered and state that the
property may be redeemed at any time before the adoption of the
resolution.