The council may prohibit the prepayment of special taxes or specify conditions under which special taxes may be prepaid and permanently satisfied. The conditions may include periods during which prepayment shall not be permitted or a requirement that a premium be paid upon prepayment.
If the council has specified conditions under which special taxes may be prepaid and permanently satisfied and if the special taxes are so prepaid and permanently satisfied as to a particular parcel of land, the director of budget and fiscal services shall prepare a notice of cancellation of the special taxes for the parcel. The director of budget and fiscal services shall transmit a copy of the notice to the owner, who may file it with the bureau of conveyances or land court. The director of budget and fiscal services may charge a fee for preparation of the notice.
(1990 Code, Ch. 34, Art. 3, § 34-3.4) (Added by Ord. 96-18; Am. Ord. 00-22)