The finance director shall have the authority to compromise or enter into a payment plan with respect to any liability for taxes, interest, or penalties where the total amount of the liability does not exceed ten thousand dollars. Where the total amount of the liability is in excess of ten thousand dollars but does not exceed twenty-five thousand dollars, any compromise or payment plan must be approved by the city manager upon the recommendation of the finance director. Where the total amount of the liability exceeds twenty-five thousand dollars, any compromise or payment plan must be approved by the city council upon the recommendation of the finance director. In any action involving city council, the taxpayer expressly waives its right to confidentiality as outlined in Section 3.16.075 (B). (Ord. 1993-7 Exh. B (part))