RESOLUTION NO. 265
AUTHORIZING THE CONVEYANCE OF REAL PROPERTY LOCATED AT 375 SHERMAN STREET (TAX MAP NO. 65.46-3-80) IN THE CITY OF ALBANY
Introduced: 7/11/22
By Audit and Finance Committee:
WHEREAS, The County of Albany has acquired, through in rem foreclosure, judgment to a parcel of real property located at 375 Sherman Street (Tax Map No. 65.46-3-80) in the City of Albany, and
WHEREAS, Bhaeldin Hassan Elnoor, the immediate former owner has requested approval to reacquire this property, and has placed on deposit $12,982.66 for the parcel, which represents the full amount of taxes, interest, penalties, to acquire the property, and
WHEREAS, The Albany County Disposition Plan, as adopted by Resolution No. 29 for 2019, provides for the conveyance of real property to the immediate former owners, now, therefore, be it
RESOLVED, By the Albany County Legislature that the County Executive is authorized to execute on behalf of the County any documents necessary to convey 375 Sherman Street (Tax Map No. 65.46-3-80) in the City of Albany for $12,982.66, with any additional interest, penalties and closing costs to be adjusted for at the time of closing, to Bhaeldin Hassan Elnoor, and, be it further
RESOLVED, That any and all liens upon the property which were previous extinguished as a result of the foreclosure action shall be deemed reinstated and restored, and, be it further
RESOLVED, That Bhaeldin Hassan Elnoor shall be responsible for any additional interest and penalties, at the rate of 12% per annum computed to the date upon which the conveyance back of said property is made by the County that have accrued on the delinquent taxes for this property, as well as the recoupment of all out-of-pocket costs and expenses incurred by the County in connection with said property following the date of its foreclosure "in rem" by the County including, but not limited to, real property and school taxes, special assessment...
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