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When any assessment levied against any lot, parcel or tract of land, in any local improvement district established in said City shall be delinquent for a sufficient length of time to subject said lots, tract or parcel of land to foreclosure for the collection of said delinquent assessment, the City Treasurer shall notify the City Council in writing, giving the description of such lot, tract or parcel of land so subject to foreclosure and the amount of assessment, penalties and interest against the same. The City Council shall then consider said report, and, within one year from January first, of each year, direct the City Attorney to bring foreclosure proceedings against such lot, tract or parcel of land for such delinquent assessment. (Ord. 568, 1927)