Any provisions of the general law notwithstanding, the city need undertake no efforts to cure delinquent assessments. The city must honor any commitment to initiate foreclosure proceedings and any obligation to administer the reserve fund for the benefit of bondholders, but if it becomes the purchaser, the city need expend no sums to pay or cure delinquent assessments, interest, or penalties.
(Ord. 1586 §11 (part))