§ 5.12.300. Dispositions of tax foreclosed property.

Latest version.

A.

After expiration of the redemption period the mayor shall recommend to the assembly a plan for disposition of tax foreclosed properties in accordance with AS 29.45.450.

B.

The assembly, by ordinance, shall designate the lands acquired under this chapter as either foreclosed lands retained for a public purpose, as provided in 5.12.310; or foreclosed lands for sale, as provided in 5.12.320.

(Ord. No. 93-13, § 2(part), 1993; Ord. No. 74-52, § 1(part), 1974; Ord. No. 74-50, § 1(part), 1974; Ord. No. 31, § 1(part), 1967; KPC § 25.05.103(E))

                    
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