To: Board of Supervisors
From: Kristin Connelly, Clerk-Recorder
Report Title: Refund of overpayments of Documentary Transfer Tax totaling $3,974.30 to specified parties.
☒Recommendation of the County Administrator ☐ Recommendation of Board Committee
RECOMMENDATIONS:
APPROVE and AUTHORIZE the Auditor-Controller to issue a refund for overpayment of Documentary Transfer Tax totaling $3,974.30 to Chicago Title Company, eRecording Partners Network, and Cornerstone Title Company.
FISCAL IMPACT:
The recommendation will result in a reduction of $3,974.30 to the County General Fund from the 2024-2025 fiscal year.
BACKGROUND:
The County Clerk-Recorder received Document Transfer Tax Refund Requests due to duplicate payment and/or scrivener/title company errors from the following parties in the amounts listed below:
|
Chicago Title Company, Rapunzel Martinez, Vice President 3825 Hopyard Rd. Ste 285 Pleasanton, CA 94588 |
Document # 2022-0094678 |
$2200.00 |
|
Chale, Atalya for eRecording Partners Network 11055 Wayzata Blvd. Suite 250, Minnetonka, MN 55305 |
Document # 2021-0222516 |
$467.50 |
|
Reardon, Paula - Cornerstone Title Company 506 N. Santa Cruz Ave. Los Gatos, CA 95030 |
Document # 2024-0003939 / 2024-0131282 |
$693.00 |
|
Chale, Atalya for eRecording Partners Network 11055 Wayzata Blvd. Suite 250, Minnetonka, MN 55305 |
Document # 2024-0121647 / 2024-0136991 |
$613.80 |
CONSEQUENCE OF NEGATIVE ACTION:
Failure to authorize reimbursement would result in the aforementioned parties paying more than legally required for Documentary Transfer Tax.