The city council shall establish a minimum sale price for any property acquired because of nonpayment of taxes or special assessments in an amount not less than the aggregate total of all delinquencies, penalties and costs outstanding, unless it specifically finds that the estimated value of such property is less than such outstanding aggregate total and that it would be in the best interest of the city to sell such property for less than such total, in which case it may set such other minimum sale price, if any, which it may deem proper. (Ord. 2000-017 § 2(k)(vii) (Exh. H); Ord. 2000-013 § 1; prior code § 12.07.112)