Section 1182. Cancellation or reduction of interest, penalties and other charges

If the governing body of any tax district shall determine that
  it is for the best interests of the tax  district,  it  shall  have  the
  power,  by  resolution, to authorize the enforcing officer to permit the
  cancellation in whole or in part of any  interest,  penalties  or  other
  charges  imposed by law to which the tax district or any other municipal
  corporation shall be lawfully entitled; provided, however, that in cases
  where such interest, penalties, or other charges, if  collected  by  the
  tax district, belong to a municipal corporation therein, no reduction or
  remission  in  whole  or  in  part of such interest, penalties, or other
  charges shall be made without the consent of the  municipal  corporation
  affected,  which  consent  may  be  given  by resolution adopted after a
  public hearing.