§ 8-67. Payment.

Latest version.

After the Council has directed the sale of City-owned real estate, the purchaser shall pay the balance of the purchase price to the City within 15 days after the City gives the purchaser notice that the deed is ready for delivery. If the purchaser has not paid the balance of the purchase price within 15 days after notice that the deed is ready for delivery, the sale of the City-owned real estate shall be void, and the City shall retain the proceeds of the deposit submitted with the offer, bid or proposal of the purchaser pursuant to Section 8-59. The provisions of this section shall apply unless the ordinance directing the sale of the City-owned real estate expressly provides otherwise.

(Code 2004, § 26-88; Ord. No. 2005-282-270, § 2, 12-12-2005)

(Code 2004, § 26-88; Ord. No. 2005-282-270, § 2, 12-12-2005)

                    
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