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An Ordinance of the County of Allegheny, Commonwealth of Pennsylvania enacted pursuant to Article IV, Section 2 (k) of the County Home Rule Charter, Section 7147 of the Municipal Claims and Tax Liens Act, Pa. Stat. Ann. tit. 53, § 7147, and other applicable laws, authorizing (1) the County to sell, transfer absolutely and assign to a third party purchaser a selected portfolio of County “Tax Receivables” consisting of the County's right to receive the Face Amount, Interest and Penalty which is due and owing to the County as a result of a property owner's failure to timely and fully pay the County's ad valorem real estate tax during the tax years 2001 to 2007, following the execution of a final agreement for such sale, absolute transfer and assignment between the appropriate officers of the County and the successful third party purchaser; (2) the County, acting through its Treasurer, or any other person or persons contracted for now or in the future by the County at the request of the Treasurer to service in the capacity of the special tax servicer, to retain all collection of delinquent taxes; (3) to grant to the third party purchaser of the Tax Receivables for years 2001 to 2007 the right to purchase certain Tax Receivables for tax years 2008, 2009 and 2010; and (4) the County Manager to take any and all actions deemed necessary to carry out and effectuate the purposes of this Ordinance;
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Whereas, the County of Allegheny, hereinafter “the County,” like other taxing bodies within the Commonwealth of Pennsylvania, is authorized by the Municipal Claims and Tax Liens Act of 1923, Pa. Stat. Ann. tit. 53, § 7101 et seq., to file a lien against real property due to the record owner's failure to timely pay ad valorem property taxes levied by the County; and
Whereas, the County has filed tax liens against many properties located in Allegheny County due to the record owner's failure to pay County real estate taxes; and
Whereas, from all of the t...
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