Section 11-353. Cancellation of taxes, assessments, water rents, sewer rents, sewer surcharges, any charges that are made a lien subject to the provisions of this chapter, the costs of any advertisements and notices given pursuant to this chapter, any other charges that are due and payable, a surcharge pursuant to section 11-332 of this chapter, and interest and penalties thereon

Whenever  the city has heretofore or  shall hereafter become vested with title to property acquired by  virtue
  of  tax enforcement foreclosure proceedings, or by deed in lieu thereof,
  the commissioner of finance, or his or her designee,  shall  cancel  all
  unpaid  real  estate  taxes,  tax  lien certificates, assessments, water
  rents, sewer rents, sewer surcharges, any charges that are made  a  lien
  subject   to   the   provisions  of  this  chapter,  the  costs  of  any
  advertisements and notices given pursuant to  this  chapter,  any  other
  charges that are due and payable, a surcharge pursuant to section 11-332
  of  this  chapter,  and  interest  and  penalties thereon upon which the
  foreclosure action was predicated. Upon the sale of  such  property  and
  the  conveyance  of  the  title thereof by the city, the commissioner of
  finance, or his or her designee, shall cancel  all  unpaid  real  estate
  taxes,  assessments,  water  rents,  sewer  rents, sewer surcharges, any
  charges that are made a lien subject to the provisions of this  chapter,
  the  costs  of  any  advertisements  and  notices given pursuant to this
  chapter, any other  charges  that  are  due  and  payable,  a  surcharge
  pursuant  to  section 11-332 of this chapter, and interest and penalties
  thereon that shall have accrued during the period between  the  date  of
  the  last  unpaid  item upon which the foreclosure action was predicated
  and the date of conveyance of title. The commissioner of finance, or his
  or her designee, shall enter notations  of  such  cancellations  in  the
  appropriate records for each such parcel of property.