A. Accepted Bids:
1. The following bids may be accepted:
a. The highest bid amount for the entire parcel of property. A bid may not be accepted for an amount which is insufficient to pay the taxes, penalties, interest and administrative costs; or
b. A bid in an amount sufficient to pay the taxes, penalties, interest and administrative costs, for less than the entire parcel.
2. The accepted bid shall be the bid of the bidder who will pay the full amount of the taxes, penalties, interest and administrative costs for the smallest portion of the entire parcel.
3. If the bid accepted is for less than the entire parcel, the auditor shall note the fact, with a description of the property covered by the bid, and the balance of the parcel not affected by the bid shall be considered to have been redeemed by the owner.
4. The board of county commissioners may find that none of the bids are acceptable.
B. Rejected Bids: The county auditor at the tax sale or the board of county commissioners following the tax sale shall reject a bid to purchase a strip of property around the entire perimeter of the parcel, a bid to purchase a strip of the parcel which would prevent access to the remainder of the parcel by the redemptive owner, or a bid which would otherwise unreasonably diminish the value of that remainder. (Ord. 3.65, 4-7-1997, eff. 4-28-1997)