(A) As used in this section, “electing subdivision” has the same meaning as in section 5722.01 of the Revised Code.
(B) At any time from the date the complaint for foreclosure is filed under section 323.69 of the Revised Code, but not later than sixty days after the date on which the land was first offered for sale, an electing subdivision may give the county treasurer notice in writing that it seeks to acquire any parcel of abandoned land, identified by parcel number, from the list compiled by the county treasurer pursuant to division (A) of section 323.67 of the Revised Code. If any such parcel of abandoned land identified under this section is offered for sale pursuant to section 323.73 of the Revised Code, but is not sold for want of a minimum bid, the electing subdivision that identified that parcel of abandoned land shall be deemed to have submitted the winning bid at the auction, and the parcel of abandoned land shall be sold to the electing subdivision for no consideration other than the costs prescribed in section 323.75 of the Revised Code or those costs to which the electing subdivision and the county treasurer mutually agree. The conveyance shall be confirmed, and any common law or statutory right of redemption forever terminated, upon the filing with the clerk of court of a copy of the resolution of the county board of revision certifying the entry of an adjudication of foreclosure and forfeiture of the land and the order to the sheriff to convey the land in fee simple to the electing subdivision, which the clerk shall enter upon the journal of the court or a separate journal.
Effective Date: 09-28-2006