A. In the resolution confirming the assessment roll the council shall fix the time of payment, penalties for delinquency, and the rate of interest or the method of computing the rate of interest on the unpaid balance of the assessment. The council may require payment to be in one sum or it may authorize payment in installments. If payment is to be in one sum, payment may not be required sooner than 60 days after mailing of the assessment statement. Prepayment of all or a part of the balance of an assessment may be made with interest to the payment date or under such other terms and conditions as may be set out in the resolution confirming the assessment roll.
B. Within 30 days after the adoption of the resolution confirming the assessment roll, a statement shall be mailed to the record owner of each parcel assessed. The statement shall identify the property, the final assessment amount, the method of payment, the rate or method of calculating interest, the time of delinquency, penalties on delinquencies, and conditions, if any, of prepayment.
C. Notice that the statements have been mailed need not be published. The failure to provide notice of the final assessment, penalties and interest to any record owner does not in any manner affect the validity of the assessment, the interest owing on the balance of the assessment or the lien of the assessment. (Ord. 94- 7 (part), 1994)