Ordinance 1479-88 - Laserfiche WebLink

assessed against each lot , tract or parcel of land and other property appearing upon the roll the amount finally charged against the same thereon. Section 3 . The assessment roll as approved and confirmed shall be filed with the City Treasurer for collection and the City Treasurer is authorized and directed to publish notice as required by law stating that the roll is in his hands for col- lection and that payment of any assessment thereon or any por- tion of such assessment can be made at any time within thirty days from date of first publication of such notice without penalty, interest or cost , and that thereafter the sum remaining unpaid may be paid in twenty equal annual installments . The interest rate is fixed at q,-5--% per annum, but the exact interest rate may be revised and fixed anew in the ordinance authorizing the issuance and sale of the local improvement bonds or notes for LID No . 722 . The first installment of assessments on the assessment roll shall become due and payable during the thirty-day period succeeding the date one year after the date of first publication by the City Treasurer of notice that the assessment roll is in his hands for collection and annually thereafter each succeeding installment shall become due and payable in like manner . If the whole or any portion of the assessment remains unpaid after the first thirty-day period, interest upon the whole unpaid sum shall be charged at the rate as determined above, and each year thereafter one of the in- stallments , together with interest due on the unpaid balance, - 3 -