In any case where the city has purchased a tax title to any property under tax foreclosure or may hereafter become the purchaser of a tax title under foreclosure proceedings or tax collector’s deed, the city manager is authorized and directed to execute a quitclaim deed to such person entitled to redeem the property after such person has paid over to the city the amount of taxes, penalties, interest and costs, including the redemption penalty, if any, as provided for by the charter. (Code 1941, Art. 22-3)