Ordinance 264-73 - Laserfiche WebLink

• time within thirty days from the date of the first publication of said notice without penalty, interest or additional cost, and that thereafter the sum re- maining unpaid may be paid in fifteen equal annual installments with interest thereon not to exceed eight percent (8%) per annum. The first installment of assessments on said assessment roll shall become due and payable during the thirty-day period succeed- ing the date one year after the date of first publica- tion by the City Treasurer of notice that the assess- ment 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 assessments remains unpaid after the thirty-day period, interest upon the whole unpaid sum shall be charged at a rate not to exceed eight per- cent (8%) per annum and each year thereafter one of said installments, together with interest due on the whole of the unpaid balance, shall be collected. Any installment not paid prior to the expiration of the said thirty-day period during which such installment is due and payable shall thereupon become delinquent. All delinquent installments shall be subject to a penalty charge of 5% per annum on the delinquent principal . The collection of such delinquent installments will be enforced in the manner provided by law. Section 4 This ordinance shall become effective upon be- coming valid.