Before being entitled to the reconveyance as herein provided, the applicant shall make payment to the Board of an amount consisting of the total of the following:
(a) The amounts which would have been required to redeem had redemption been made at the time the right thereto terminated under the law under which the property was assessed.
(b) The amount of any delinquent assessments levied upon the property, either unpaid or paid by the City, or canceled or merged by reason of the City’s title thereto, together with accrued interest and penalties provided by law as though unpaid.
(c) The sum of $88.00 or 10 percent of the total of all other payments provided in this section, whichever is greater. Such sum shall be credited to the payments and expenses of the City in the sales for delinquent assessments and the execution of deeds by reason thereof. The fee 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.
SECTION HISTORY
Based on Ord. No. 96,847.
Added by Ord. No. 140,475, Eff. 6-17-70.
Amended by: In Entirety, Ord. No. 168,733, Eff. 5-31-93.