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Awarded contract·Cuyahoga County·Ohio

Purchase of County Property Tax Liens

$50MSingle Award
Contract source

Description

This informal request for proposals (IRFP) seeks one or more qualified vendors to purchase and directly service delinquent property‑tax lien certificates in Cuyahoga County for the two‑year period Nov 1 2025 through Nov 30 2027. The County will sell the liens at face redemption value (tax, interest, penalties, and fees) and requires the vendor to handle all collection, payment‑plan administration, and required notices in compliance with Ohio Revised Code §§ 5721.30‑5721.43. Vendors must be members of the National Tax Lien Association, have Ohio experience, and may not subcontract the work. The solicitation lists extensive exclusions (redeemed liens, bankruptcy, homestead exemption, VAPAC‑identified vacant/abandoned parcels, Equity‑Zone parcels, residential parcels under $100 k, delinquencies under $1 k, etc.). Reporting, data‑access, and real‑time status updates are mandatory, and the County may award the authority to more than one vendor. No specific contract value or awardee is disclosed. • Scope: purchase + service of all eligible tax‑lien certificates county‑wide for a 2‑year window. • Vendor qualifications: NTLA membership, Ohio experience, no subcontracting, insurance requirements, and ability to provide ongoing reporting. • Exclusions: redeemed, repayment‑plan, bankruptcy/foreclosure, homestead, VAPAC‑listed vacant/abandoned parcels, Equity‑Zone parcels, residential < $100 k, delinquent balance < $1 k. • Award: portal status “Awarded” but vendor identity not provided in the source documents.

Attached files

Key dates

Bids closed
5/7/2025
Starts
11/1/2025
Ends
11/30/2027
Duration
2 years

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Financial Services
NAICS
523120
Solicitation №
6358

Contract value

$50,000,000

The documents do not disclose a contract ceiling. The County’s total delinquent property‑tax balance (as of early 2015) was $578 million, and recent tax‑lien sales (2011‑2013) generated $54 million in purchase price. Assuming the County will sell a comparable slice of its delinquent portfolio over the two‑year work period, a reasonable ball‑park is between $40 million and $60 million in face‑value lien purchases. Factoring that the vendor receives no markup beyond the statutory interest and fees, the “contract value” (i.e., the amount of tax‑lien certificates to be bought) is estimated at roughly $50 million. This estimate is based on: (a) historical sales volume, (b) the County’s $578 M delinquent balance, (c) the two‑year window covering a substantial portion of that balance, and (d) the absence of any stated ceiling in the solicitation.

AI estimate from the award documents

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