A. In all cases where real estate has been sold, or may hereafter be sold to the city for delinquent taxes and/or delinquent public improvement assessments, and the city has not disposed of the same, the person whose estate has been or may hereafter be sold, his heirs, executors, administrators or other successors in interest shall, at any time after the same has been sold to the city, and before the city has disposed of the same, have the right to redeem such real estate by paying to the city treasurer the amount of taxes, penalties for delinquency, and costs due thereon at the time of such sale, and all unpaid taxes, penalties for delinquency and costs assessed against the property for each year since the sale, as shown on the delinquent assessment rolls in the then permanent custody of the tax collector; or, if not so assessed, then upon the value of the property as assessed in the year nearest the time of such redemption, and also penalties as follows: One percent per month, computed from July 1st of the year of sale upon the amount of taxes delinquent at the time of sale, and upon the amount of each year’s taxes in like manner, reckoning from the first day of July of the year when the property would have been sold for the taxes of that year, if there had been no previous sale.

B. The tax collector shall, on the application of the person desiring to redeem, make an estimate of the amount to be paid, and shall give him duplicate certificates of the amount, specifying the several amounts thereof, which certificates the redemptioner shall deliver to the city treasurer, together with the money, and the city treasurer shall give duplicate receipts, written or endorsed upon said certificates, one to the redemptioner and one to the tax collector.

C. The city treasurer shall settle for the moneys received for other city moneys.

D. Upon payment of the money specified in said certificate, and the giving of the receipts as mentioned in subsection B of this section by the city treasurer, any deed that may have been made to the city shall become null and void and all right, title and interest acquired by the city, under and by virtue of the tax sale, shall cease and determine.

E. The receipts of the city treasurer may be recorded in the recorder’s office of the county in the Official Records, and the recording thereof shall have the same effect as that of a deed of reconveyance of the interest conveyed by deed.

F. In all cases where real estate has been sold to the city for delinquent taxes and/or public improvement assessments, and the city has not disposed of the same, and no deed has been made to the city of the same, the person whose estate has been sold, his executors, administrators, or other successors in interest shall have the right to elect to pay such delinquent taxes and/or public improvement assessments for the first year or such delinquent taxes and/or public improvement assessments for the first year and any number of additional consecutive years, plus the penalties and costs due on each year’s taxes and/or public improvement assessments at the time of the sale to the city and the one percent redemption penalty as provided for in this section. (Prior code § 6.04.1000)