At the time fixed in the notice of sale, the lots or parcels of land on which the total amount of the delinquent assessments, penalties and costs have not been fully paid shall by operation of law be sold by the Board of Public Works to the City of Los Angeles for such total amount due plus $50.00 for each such lot or parcel of land for a certificate of sale; and the fact of such sale shall be entered on the Assessment Roll opposite the description of each property sold. The fees and costs herein shall be adjusted, if required, in order to cover the City’s administrative costs and adopted in the same manner as provided in Section 12.37 I.1. of the Los Angeles Municipal Code for establishing fees.
Funds in the amount of which such properties are sold to the City shall be transferred to the special fund for the improvement; and any redemption payments received on account of sold properties may be applied to reimburse the fund from which the transfer was made.
SECTION HISTORY
Based on Ord. No. 85,500.
Amended by: Ord. No. 108,857; Para. 1, Ord. No. 149,299, Eff. 2-17-77; First Unnumbered Para., Ord. No. 168,733, Eff. 5-31-93.