The City Council may remove or raze any hazardous building or remove or correct any hazardous condition of real estate upon obtaining the consent in writing of all owners of record, occupying tenants and all lien holders of record; the cost is charged against the real estate pursuant to § 150.069, except the governing body may provide that the cost so assessed may be paid in five or less equal annual installments, with interest at 8% per annum.
(2001 Code, § 902.03)