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The comptroller may, in his discretion, invite competitive bids for the purchase of local improvement bonds issued in anticipation of the collection of special assessments. Such bids shall be solicited by advertisement in a daily newspaper of the city inserted at least one week prior to the time fixed for opening the same. The bonds shall be sold to the bidder making the highest and best bid for the same, provided, that they shall not be sold below the par value thereof and accrued interest. The comptroller shall report to the city council the particulars regarding each sale of special assessment bonds so sold.
(Prior code § 7-54)
The comptroller is hereby authorized to issue certificates of payment of special assessments, certifying to the payment to the comptroller of any special assessment of which he has a record in his office, upon payment by the applicant therefor of a fee of $10.00 for each such certificate. The certificate shall state the number of the warrant, the number of the installment, the name of the payer, the date of payment, the description of the property, and the amount paid, and shall otherwise be in such form as may be approved by the comptroller.
(Prior code § 7-55; Amend Coun. J. 12-12-01, p. 75777, § 1.1; Amend Coun. J. 11-16-11, p. 13798, Art. I, § 2)
It shall be the duty of the comptroller to attend in person or by his representative all sales of property to enforce the collection of special assessments and to do any of the following:
(1) In default of other bidders, to bid thereat in behalf of the city;
(2) Withdraw from collection at such sale any special assessment or installment thereof levied by the city on any lot, parcel of land, or property subject to sale;
(3) Permit any such lot, parcel of land, or property to be forfeited to the state.
In all cases where the city has become a purchaser at any such sale the comptroller is authorized to sell or otherwise dispose of the city's interest in the property purchased for not less than the amount bid in behalf of the city, together with interest thereon at six percent per annum from the date of sale, and all fees, costs, charges and expenses of securing certificate of sale and tax deed. In all cases where any special assessment or installment thereof has been withdrawn from collection or property has been forfeited at any such sale on account of any delinquent special assessment or installment thereof, the comptroller is authorized to collect such delinquent special assessment or installment thereof, together with interest, penalties, costs, and fees due thereon and to waive any penalties for the first year in excess of seven percent and when such collection has been made to issue a proper receipt of deposit for redemption. A fee of $2.00 shall be charged for each estimate of redemption furnished, if based on a tax search, except for an estimate furnished to any municipality. Such estimate may include all lots, parcels of land, or property in the same block and in one ownership or any number of contiguous lots, parcels of land, or property in the same block in more than one ownership.
In all cases where the city has become a purchaser at any tax sale for the nonpayment of general taxes and water taxes, the comptroller is hereby authorized to dispose of the city's interest in the property purchased for not less than the amount bid together with all costs and expenses.
(Prior code § 7-56)
The comptroller is hereby authorized to make settlement of special assessment tax claims during the annual vacation periods of the city council, for not less than 75 percent of the total city claims in cases where property is overburdened with tax claims, liens and mortgages, provided each settlement shall be approved by the chairman of the committee on finance.
(Prior code § 7-57)
ARTICLE VIII. GENERAL OBLIGATION BONDS (2-32-680 et seq.)
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