(A) The owner of property assessed for an improvement in the sum of $25 or more, within ten days from the date of the posting of the notice of assessment, may make written application to the City Recorder/Administrator to pay the assessment in installments. The City Recorder/Administrator may approve the installment application, provided:
(1) The amount remaining unpaid upon the assessment with any unpaid balance of any previous assessments for an improvement against the same property does not exceed double the assessed valuation of the property, as shown by the last county tax roll; and
(2) The installment payment period does not exceed ten years.
(B) If the assessed valuation of the property, as shown by the last county tax roll, is insufficient to permit installment payments, the City Council, by motion, may authorize payments in any manner it determines to be fair and reasonable.
(Prior Code, § 91.25) (Ord. 333, passed 2-8-1971)