Sec. 7.5. (a) This section applies to a county having a consolidated city.
(b) The county auditor shall provide the metropolitan development commission with a list of real property:
(1) included on the list prepared under IC 6-1.1-24-1.5;
(2) for which a certificate of sale has been issued; and
(3) for which the holder of the certificate has not requested the county auditor to execute and deliver a deed.
(c) The metropolitan development commission shall, within a reasonable time after receiving a list under subsection (b), identify any property described under subsection (b) that the metropolitan development commission desires to acquire for urban homesteading under IC 36-7-17 or IC 36-7-17.1 or for redevelopment purposes under IC 36-7-15.1. The metropolitan development commission shall then provide the county auditor with a list of the properties identified under this subsection.
(d) The county auditor shall execute and deliver a deed for any property identified under subsection (c) to the metropolitan development commission.
(e) The county auditor shall execute and deliver a deed to the county for any property:
(1) included in the notice prepared under subsection (b); and
(2) not identified under subsection (c).
(f) The metropolitan development commission and the county may not pay for any property acquired under subsection (d) or (e). However, a taxing unit having an interest in the taxes on the real property shall be credited with the full amount of the delinquent tax due to that unit.