City petitioned for foreclosure of taxpayer’s property. Taxpayer intervened.
The Superior Court entered judgment and decree of foreclosure, and taxpayer appealed.
The Supreme Court of Alaska held that:
- City did not accept taxpayer’s proposal to redeem his foreclosed property, and
- Taxpayer did not satisfy statutory requirements for repurchasing his foreclosed property.
City did not accept taxpayer’s proposal to redeem his foreclosed property by offering city promissory note for amount due, without interest, that would mature 20 years later, even though proposal stated that silence would be treated as acceptance, and city did not reject offer in manner outlined in taxpayer’s proposal, where city sent letter rejecting offer, never recorded taxpayer’s redemption, and did not issue certificate indicating that he had redeemed property, but instead published notice of expiration of redemption period, and moved for properties to be transferred by tax deed.
Taxpayer did not satisfy statutory requirements for repurchasing his foreclosed property by offering city promissory note for amount due, without interest, that would mature 20 years later, where offer was made before tax deeds transferred property to city, and failed to meet statutory provisions for calculating purchase price.