A. When there has been an approved division of a parcel and that parcel has outstanding a property assessment remaining wholly or partially unpaid, and full payment or an installment payment is not due, then any owner, mortgagee, or lien holder of any property affected by the division may apply for a reapportionment of the property assessment. The Council shall reapportion the property assessment by resolution, and that resolution shall be filed with the lien docket. Where the property assessment is being paid in installments, the installments remaining unpaid shall be prorated among those smaller parcels so that each parcel shall be charged with the percentage of the remaining installment payments equal to the percentage of the unpaid property assessment levied on the parcel upon apportionment. Reapportionment shall be on the same basis as the original property assessment.

B. Reapportionment of a participant fee, if any, will be addressed in the assessment ordinance.