Upon the confirmation of each special assessment roll, the special assessment shall become a debt to the City from the persons to whom they are assessed and shall, until paid, be a lien upon the property assessed for the amount of such assessments and all interest and charges thereon. Such lien shall be of the same character and effect as created by the Charter for City taxes.
The Commission shall prescribe, by general ordinance, a complete special assessment collection procedure which shall set forth and include the date upon which such special assessment shall become due, the maximum number of annual installments, the date the initial and subsequent installment payments shall be due, the interest rates such special assessments shall bear whether paid or unpaid, and the date from which interest is computed. The City Commission may also provide by general ordinance, the collection procedure for advance payments of unpaid installments with interest computed. Further, the Commission may set forth the collection procedure for said installment payments, and the determination process under which said installment payments shall be considered delinquent and whether any additional interest shall be charged thereon.
(Amended 11-3-98)