Marin supervisors undo sale of Tiburon apartment complex's common facilities
A group of Circle Drive apartment owners has regained ownership of two shared pools, a recreation area and laundry facilities that were snatched up by an investor last year after the county mistakenly included the property in a public tax sale.
The Marin Board of Supervisors voted 4-0, with District 5 Supervisor Eric Lucan absent, at its March 11 meeting to formally reverse the sale, which allowed Wyoming-based buyer AssetRenew LLC to buy the common area for $6,600 at the March 2024 auction. In November, the board unanimously backed a resolution to rescind the sale, but AssetRenew, owned by Aptos resident Derek Leffers, declined to approve it, forcing the legally binding hearing.
The homeowners’ association comprises owners of a complex of eight parcels on Circle Drive, seven of which feature the buildings housing 68 apartment units. The eighth, center parcel features the common facilities, and under state law its value is supposed to be folded into the seven others. However, between 2013 and 2018, Marin issued tax bills and penalties totaling $1,606 — bills attorney Richard Zuromski previously said the association “did not receive, nor should they have expected to receive.”
County officials have said they thought the parcel was vacant land because there wasn’t an assessed value for improvements.Because no one paid up, the county put the land up for auction.
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