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(P�2 C-22 <br />2.5.4 Satisfaction of Lien. <br />Once payment in full is received by the City for outstanding penalties and <br />costs, the City Clerk will either record a notice of satisfaction or provide any property <br />owner or financial institution having a legal or equitable interest in the property with a <br />notice of satisfaction so they may record this notice with the office of the County <br />Recorder. Such notice of satisfaction will cancel the City's lien. <br />Section 3. That Article III of Chapter 1 of the Redwood City Municipal Code is <br />hereby repealed in its entirety. <br />Section 4. This Ordinance will become effective thirty (30) days after the date <br />of its adoption. <br />F:Atty /Ord /Ord.157.1 <br />020603 22 <br />