(A) Whenever the ownership of any portion of a tract of real property less than the entire tract is transferred, any lien against said real property in favor of the city shall, upon request of the owner of any portion of said tract, be segregated as herein provided and not otherwise.
(B) Applications for the segregation of liens shall be made to the City Recorder describing the tract to be segregated and the names of the owners of the respective tracts. A certificate of the County Assessor shall be furnished showing the assessed valuation of the various tracts of land concerned as of January 1 of the year in which the segregation is requested, if available, and, if not available, as of January 1 of the preceding year.
(C) The City Recorder shall thereupon compute a segregation of the lien against the real property upon the same basis as the same was originally computed and apportioned and reflect this segregation in the city lien docket; provided, however, that no segregation shall be made unless all parts of the original tract of land after the segregation have a true cash value as determined from the certificate of the assessor of 60% or more of the amount of the lien as to the various tracts concerned.
(Ord. 931, passed 4-7-1975)