As used in this article, the following terms
shall have the meanings indicated:
CITY
The City of Schenectady.
REAL PROPERTY
All real property acquired by the City of Schenectady by
means of an in rem foreclosure under and pursuant to Article 11, Title
3, of the Real Property Tax Law of the State of New York.
[Amended 3-27-1967 by L.L. No. 3-1967]
[Added 11-14-1988 by L.L. No. 4-1988; amended 3-18-1991 by Ord. No. 91-12; 4-24-1995 by Ord. No. 95-12]
There is hereby established an in rem administrative
fee in the amount of $150, to be paid at the time of redeeming a tax-delinquent
property. This fee goes into effect for all tax-delinquent properties
after the City of Schenectady prepares its petition of foreclosure
for the yearly in rem proceeding. For properties redeemed prior to
the petition of foreclosure, the City will add a charge for actual
expenses pursuant to § 1120 of the New York State Real Property
Tax Law.