Once payment in full is received by the city for outstanding penalties and costs, the Director of Finance shall:

(a) With respect to a lien, either record a notice of satisfaction or provide the property owner or financial institution with a notice of satisfaction so they may record this notice with the office of the County Recorder. Such notice of satisfaction shall cancel the city's lien; or

(b) With respect to a special assessment, provide written notice to the tax collector that the special assessment amount has been paid in full and should no longer be imposed against the subject property. Such written notice shall cancel the city's special assessment. (Ord. No. 2423 (NCS), § 1.)