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When the City sells any property acquired as a part of its land reutilization program, the proceeds from such sale shall be applied and distributed in the following order:
(a) To the City in reimbursement of its expenses incurred through the acquisition, administration, management, maintenance, rehabilitation and disposition of such property;
(b) To the County Treasurer to reimburse the taxing districts to which the County Auditor charged the costs of foreclosure or costs of forfeiture;
(c) To the County Treasurer for distribution to the taxing districts charged costs; and
(d) The balance, if any, will be retained by the City for application to the payment of costs and expenses of its land reutilization program.
(Ord. 2009-58. Passed 2-2-09; Ord. 2009-84. Passed 3-16-09; Ord. 2009-147. Passed 6-1-09; Ord. 2009-179. Passed 8-3-09.)