(A) Any assessment, or part thereof, remaining unpaid on the first Monday of March following the date when the same became delinquent shall be reported as unpaid by the Treasurer to the City Council.
(B) Any such delinquent assessment, together with all accrued interest, shall be transferred and reassessed on the next annual city tax roll in a column headed “Special Assessments,” with a penalty of 4% upon the total amount added thereto, and when so transferred and reassessed upon the tax roll shall be collected in all respects as provided for the collection of city taxes.