Kay County Treasurer Official Web Site

Instructions for Bids on County Owned Property Acquired at Resale

According to Oklahoma State Statute 68 § 3135, the County Treasurer may sell any property acquired by the County at Resale. This is subject to approval of the Board of County Commissioners at its discretion. The Board of County Commissioners has the power to reject any and all bids.

Each bidder should research the records and inspect the property which he/she is considering prior to entering a bid. Some Federal, State and City liens may still exist and be valid against the property.

Upon receipt of the bid, the Treasurer’s Office will then prepare the official bid request. The bidder will pay the full amount of the bid. The treasurer will collect an additional $150 for estimated publication cost and recording fees. Any excess amount will be refunded to the bidder after the deed is filed.

The Treasurer then sets the date, time and place for auction, and notice for publication is prepared. Said notice will include the legal description of the property, the amount of bid and the name of such bidder, stating that on that date and time, sale of said property so listed shall be made at such price and to such bidder. Subject to the approval of the Board of County Commissioners, unless higher bids are received at such sale.

On the date of the sale, said property will be sold by the County Treasurer to the highest competitive bidder or to the original bidder if there be no higher price offered. The sale in any event shall be subject to the approval of the Board of County Commissioners in its discretion.

In the event the successful bidder does not have the money, the procedure is to award the next highest bidder.

Treasurer’s Office then prepares "County Treasurer’s Transcript of Proceedings" and accompanying documentation for presentation to the Board of County Commissioners for official action.

If approval is given, the Chairman of the Board of County Commissioners will execute a deed conveying title to the purchaser of such property.

Upon receipt of the executed deed the County Treasurer’s Office will have filed the deed in the county Clerk's Office. After the deed is recorded, the County Clerk will mail the deed to the purchaser.

Return to Home Page