The Council may provide for the deferred payment of special assessments from persons who, in the opinion of the Council and Assessor, by reason of poverty are unable to contribute toward the cost thereof. In all those cases, as a condition to the granting of the deferred payments, the village shall require mortgage security on the real property of the beneficiary, payable on or before his or her death or, in any event, on the sale or transfer of the property.
(Prior Code, § 32.26) (Ord. 20, passed 7-20-1993)