The director of budget and fiscal services shall notify the several owners and lessees, on record in the books and records of the real property tax assessment division of the department of budget and fiscal services of the city, by either certified or registered mail with a request for a return receipt, of the several amounts assessed on the respective properties and of the date when such assessments are payable. Failure of any owner or lessee to receive any such notice shall not invalidate the assessment or the proceedings relating thereto, nor entitle the owner or lessee to an extension of time within which to pay the assessment. The director of budget and fiscal services shall also collect such assessment and set aside all moneys so collected in an appropriate fund or funds.
(Sec. 24-4.2, R.O. 1978 (1987 Supp. to 1983 Ed)) (1990 Code, Ch. 14, Art. 26, § 14-26.2) (Am. Ords. 90-91, 00-06)