§ 50-13. Collection.

(a)

Following approval of the special assessment roll, the city treasurer shall collect the same. Special assessments shall be payable in one installment or in such number of approximately equal annual installments, not exceeding 30 as the city council may determine. The first installment of a special assessment shall be due on or before such time after confirmation as the city council shall fix, and the subsequent installments shall be due at intervals of 12 months from the due date of the first installment or from such other date as the city council shall fix.

(b)

All unpaid installments prior to the transfer to the city tax roll shall bear interest payable annually at a rate to be fixed by the city council not exceeding eight percent per annum, such interest to commence at such time as shall be fixed by the city council. The whole assessment against any lot or parcel of land may be paid to the city treasurer at any time in full with interest and penalties accrued to the date of the payment of the next installment. If any installment of a special assessment is not paid when due, then the same shall be deemed to be delinquent and there shall be collected thereon, in addition to the interest as provided above, a penalty at a rate of one percent for each month or fraction thereof if the same remains unpaid before being reported to the city council for reassessment upon the city tax roll. Statements of the several assessments to the respective owners of the several lots and parcels of land assessed, as indicated by the records by the city assessor, stating the amount of assessment and the manner in which it may be paid shall be mailed by the city treasurer; however, the failure to mail any such statement shall not invalidate the assessment or entitle the owner to an extension of time within which to pay the assessment.

(Ord. No. 36, § 13, 6-1-92)