Tax sale answers

I just recieved 2 emails from Craig Malin about the tax sale. The second email was forwarded by a Cathy Hult. These are explainations I recieved when I emailed about the tax sale.

Alan Guard would be able to provide better details, but here is my understanding:

We are not directly responsible for paying property taxes on the Adler Theater as it is owned by the RCPA, LC. However, we do have some agreement with the RCPA that obligates us to help reimburse them for their operating losses – this arrangement was in exchange for them taking on the renovation of the building. So, if there is a loss we will be making a payment to the RCPA and thereby indirectly paying the property taxes.

I checked the Scott County website and noted that the taxes for parcels L0008-21B and L0008-21D that comprise the Adler Theater were sold on June 15, 2009 (roughly $75,000 total plus interest and costs). Alan will need to follow up with the RCPA.

Parcel L0008-21D was part of the Mississippi Hotel that was split from the hotel and added to the theater in order to accommodate the stage expansion. I believe that is the genesis for the incorrect statement that the hotel is not paying its taxes.

I received the documents. The tax sale is nothing to be overly concerned about at this point. Basically, you have two years in which to either resolve the taxes with the taxing authority or pay this off before there are any dire consequences (other than interest accruing). Below is a summary of the law.

Iowa Code Chapter 446 covers tax sales. The buyer holds a certificate of purchase (446.29) which can be redeemed by the owner for a certain period of time. The certificate holder has paid the taxes and is earning interest at 2% per month. The owner can redeem at any time by paying the treasurer the amount of the taxes paid plus the interest and costs of the certificate. Redemption of tax sale certificates is covered under Iowa Code chapter 447. After 1 year and 9 months have passed from the date of sale the holder of the tax sale certificate can send a written notice to the owner that the right to redeem is set to expire and that they are going to request a deed. The notice must be sent regular and certified mail to the person who gets tax notices. After 90 days have passed from service of the notice, then a tax deed may issue and then, the owner has lost the property.

Please note the date of the sale on your calendars (JUNE 15, 2009). We will have the tax appeal resolved before a tax deed is a concern (2011). However, please keep a very close watch on the mail and notify me immediately if you receive any documents/letters/etc. which refer to the expiration of a right to redeem or to a tax deed.

If you have any questions please call.


Comments are always welcome.


17 Responses to Tax sale answers

  1. Never heard before that says:

    Davenport has an agreement to cover the loses of the RCPA. Cruise, ask for that in writing.

    Also how come Murphy can operate within the Police Department like a rattlesnake. Oh yah. he used to be in charge of Internal Affairs ( Wife in Personnel)and knows all the inside stuff on all the cops and everyone else at City Hall. The our out of town Police Chief should take Murphy’s nose out of his butt and start operating the Police Department in a fair manner.
    Malin’s failure to deal with Murphy time and time again hurts morale at the Department and the ability of the force to function.
    In the meantime the central city of Davenport is a war zone.
    Where is Tory and his Watchdogs from the Times. Must be leaning on a fire hydrant someplace.

  2. cruisin2 says:

    Never heard before that,
    Someone asked for a response from city government and that’s what I got from Mr. Malin.
    I’ve been hearing about that guy for a while and so far I chalk it up to rumors, but the scuttlebutt is almost past that point.

  3. Nitrous55 says:

    Central city is not a war zone. Besides, nothing is going to change. Everybody is waiting for someone else to do something.

  4. AnonymouS says:

    Thanks Cruiser for the informative Post. It seems like we can add the Adler project to the other downtown projects that need cash infusions from the taxpayers on a regular basis. Add it to the parking ramps, the River Music Experience, the River Center, the skybridge, and the Figge, that not long ago announced layoffs due to lack of interest.

    We are trying to save our downtown, but at what cost? Every dollar taxpayers spend there is one less dollar that could be spent on street repairs and sewer collapses.

  5. Anon says:

    …..before there are any dire consequences (other than interest accruing)…..
    I guess interest of 2% per month is no big deal, especially since the 10th change order for the new police station put the total $815,000 over the original quote.

  6. Lance is paid some says:

    $50,000 a year to keep an eye on the RCPA’s books. One of those plum jobs everybody that pays taxes should have.

  7. anonymous says:

    Catherine Hult is an attorney at Lane and Waterman. Is ‘Lance’ another attorney at that firm?

    If the taxpayers have entered into a partnership with the RCPA to cover their operating losses, shouldn’t their books be examined and audited and made a public record? I’ve often thought that Davenport 1’s books should be opened to the public.

  8. cruisin2 says:

    People have been waiting for someone to do something as long as I can remember. I choose to thank the ones who do roll up their sleeves and git ‘er done.

    We should thank Craig Malin for answering my question.

    The building of the Police Station got out of hand. If I remember right someone had to deliver furniture at night because they weren’t Union among other things.

    Lance is paid some,
    Thats a nice chunk of change.

    That would be a question for another day.

  9. joe says:

    Why is this Lance guy getting 50K for looking after the books when he can’t seem to figure out when to pay property taxes? Doesn’t the city already pay the management company that runs the River Center into the ground to manage the Adler? Do they get a rebate from the management company or a refund from this RCPA dummy company for their yearly fee?

  10. Nitrous55 says:

    We can fix it by getting a new council. And it looks like in a little more than a year from now, you can get rid of Malin that you all hate so much.

    All you have to do is get a council that thinks like you. Problem is, none of you are willing to do anything about it other than complain on a blog and vote for the other guy even though he/she is not any different than the one in office right now. You can get the change, you just have to work for it.

  11. Anonymous says:

    We have to admit that the City Administrator has made some bad suggestions. Look how many of the downtown attractions are not doing anywhere close to projections. Then there is Malin Heights, which is about a ghost town, even though population is on the increase. Crime is rampant under his watch. Then the latest thing with taxes not being paid, and as Administrator, he should have been kept informed on the situation, and made sure whomever was responsible for paying them was doing so, whether it be the RCPA or The Davenport CFO.

    For those that would like a new Administrator, or for those who are satisfied with his performance, it’s time for a change. If you look how private sector businesses operate, it’s a common thing for them to do to relocated top personel. Check out Walmart, Target, John Deere, or the brass on the Arsenal. They rotate on a regular basis. And there’s good reason for that. New people bring in fresh perspectives, and new knowledge to share with the rest of the staff. When people have been in the same job for too long, the department becomes stale. It’s always good to get some new ideas.

  12. Nitrous55 says:

    Everything you say is Malin’s failures is actually our failures. We voted the councils in. They direct him in the course of action they want. Get a new council that thinks like you and you will see him either leave or work in a direction you want.

  13. anonymous says:

    Davenport has a strong mayor/administator – weak council form of government. Until that changes, the council has very little to do with policy making.

  14. Nitrous55 says:

    But you can change the mayor. It is still our failures.

  15. anonymous says:

    The mayor can only be changed with the approval of the school union, D1, and the rich from Bettendorf that decide our elections.

    Just ask Jenn or Keith if you don’t believe it.

  16. cruisin2 says:

    The mayor is a moot point anyway if he isn’t running for re-election.

  17. nitrous55 says:

    So, why even go out to vote? Boy, you guys are so full excuses. Read Cruiser’s Fourth post. I guess it dosen’t apply anymore.

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