For the purpose of this subchapter, the following definitions shall apply unless the context clearly indicates or requires a different meaning.
ADMINISTRATIVE COST. Expenses incurred by the county in preparation of the tax sale.
BID. A binding offer of a purchase price for a property.
BIDDER. A natural person, husband and wife, or a licensed business entity.
COLLUSIVE BIDDING. Any agreement or understanding reached by two or more parties that in any way alerts the bids the parties would otherwise offer absent the agreement or understanding.
PUBLIC EMPLOYEE. A person who is not a public officer who is employed on a full-time, part-time, or contract basis by the county.
PUBLIC OFFICER. All elected or appointed officers of the county who occupy policy making posts.
SUBSTANTIAL INTEREST. The ownership, either legally or equitably, by an individual, the individual’s spouse, or the individual’s minor children, or at least 10% of the outstanding capital stock of a corporation or 10% interest in any other business entity.
TAX SALE. The sale of properties with delinquent property tax due as authorized in UCA §§ 59-2-1351 et seq.
(Ord. 22-10, passed 5-3-2022)