§ 4.28.285. Redemption—Property sold before April 27, 1940.

A.

In all cases where real property has been sold to the city for delinquent taxes on or before April 27, 1940, or has been deeded to the city under Section 4.28.295, and the right of redemption has not been terminated, the person whose property has been sold or deeded, his heirs, executors, administrators or other successors in interest shall have the right to redeem such property under this section, by paying on or before October 1, 1941, to the city controller, the following amounts:

1.

The total amount of the tax, exclusive of penalties, for which such property was sold;

2.

Delinquent taxes, exclusive of penalties, for all the years subsequent to said sale to the city to the date of redemption.

If the real property does not appear upon the assessment roll for any year, the city controller of the city at the time of redemption shall levy a tax upon the value of the property as fixed by the city assessor, tax and license collector for each of said years, based upon the tax rate effective in each of said years and the tax shall be a part of the amount required to be paid in the redemption of the property;

3.

In all cases where the person or persons having the right to redeem hereunder shall have elected to pay delinquent taxes in installments under any provisions of this chapter, credit or the total amount of taxes, interest and/or penalties paid in installments, together with sums paid upon costs levied under the provisions of Section 4.28.230, shall be allowed in the redemption of property under the provisions of this section; provided, however, if such credit exceeds the amount necessary to redeem under this section, including payment of interest as provided in subsection 4 hereof, no refunds of said excess amount shall be made;

4.

Interest on the sum of 1 and 2 of this section at 5 percent per year, computed beginning the day the property was sold to the city, to the time of redemption, but in no event computed beyond 3 years from the day the property was sold to the city;

5.

Advertising charges referred to in Section 4.28.230.

B.

Except for the interest provided in subsection 4 and except for charges provided in subsection 5 of this section, no other interest, costs or penalties accruing prior to October 1, 1941, shall be paid for redemption hereunder.

(Ord. 3596 § 1, 1941: Ord. 3108 § 51C, 1933)