§ 31-25-1112 — Sale - certificate of purchase - filing

Colorado § 31-25-1112

• Jurisdiction: Colorado
• Title 31: Government
• Art.: Public Improvements

Text

(1) At the time and place
fixed in such notice, the treasurer of the taxing authority shall proceed to sell the
property described in the notice and shall sell the same to the person who pays the
amount fixed by the court and who further offers to accept the lowest rate of
interest upon the amount so paid, which rate shall not exceed one percent per
month. The treasurer may adjourn any such sale or cause the same to be adjourned
from time to time by announcement at the time and place appointed for such sale.
Without further notice or publication, such sale may be made at the time and place
to which the same is so adjourned.

(2) Upon the completion of any sale, the treasurer of the taxing authority
shall execute and deliver to the purchaser a certificate of purchase in substantially
the following form:

Certificate of Purchase.

THIS IS TO CERTIFY that on the .............. day of .............., A.D., 20......, the
following described property, to wit:

(Description of Property)

was sold to .............. for the nonpayment of a special assessment for (nature of
assessment) in the sum of $ ........ . If such property is not redeemed within three
years from the above date, a deed to said property will issue to said .............., or his
heirs, executors, administrators, or assigns.

If redemption is made, the holder hereof shall be entitled to interest on said
amount at the rate of one percent per month from the date of said sale to the date
of redemption.

IN WITNESS WHEREOF, I have hereunto set my hand at .............., Colorado,
this ............ day of ............, A.D., 20.... .

.................................................

Treasurer of ............................

(3) Certificates of purchase shall be filed in the office of the county clerk
and recorder of the county where the property is situated.

Legislative History

Source: L. 81: Entire part added, p. 1621, � 21, effective July 1. L. 91: (3) amended, p. 709, � 7, effective July 1.