At any time before the expiration of one year after the date of sale, or at any time thereafter up to the time of the making of application for a deed by the purchaser, or his assignee, any lot or parcel of land sold for a Delinquent Assessment may be redeemed by any party in interest by the payment to the Board of Public Works of the amount for which the property was sold and in addition thereto a penalty of 25% of said amount. When redemption is made, the Board of Public Works shall note that fact and the date thereof on the duplicate certificate of sale on file in its office and deposit the amount paid with the City Treasurer, who shall credit the purchaser named in the certificate of sale with the said amount and pay the same to such purchaser, or his assignee, upon the surrender of the certificate of sale and upon satisfactory proof of assignment thereof, if any. When the City is purchaser, the Board of Public Works shall notify the City Engineer of the redemption and such City Engineer shall thereupon cancel the certificate of sale therefor on file in his office.
SECTION HISTORY
Based on Ord. No. 41,060.
Amended by: Ord. No. 181,595, Eff. 4-10-11.