Any or all tax sale certificates purchased out of the special improvement district revolving fund as provided by subsection B of Section 3.04.030, may be sold at any time, upon resolution of the city council. Whenever the city shall acquire title to any property under any such tax sale certificate as shall be so purchased out of the special improvement district revolving fund, the city council may lease such property, or may sell such property at either public or private sale and make conveyance thereof, or otherwise dispose of such property as the interest of the city may require. All proceeds form such sales of tax certificates, and from such leasing, sale, or other disposition of such property, shall belong to and be paid into the special improvement district revolving fund, and subject to the same uses as the moneys paid into such fund, as provided in Section 3.04.030. (Ord. 187 § 8, 1953)