Special assessments shall be made payable in one or more installments as determined by the City Council, but said installments may not exceed: five in the case of a sidewalk improvement; 15 in the case of paving or similar street improvements; and 20 in the case of water, storm sewer, sanitary sewer, or other improvements. However, in the case of a sidewalk assessment associated with a paving or similar street improvement such installments may not exceed 15. The first installment shall be due at such time after confirmation as the City Council shall provide and the several 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 determine. The amount of each installment (if more than one) need not be extended upon the special assessment roll until after confirmation. All installments not paid by a date to be fixed by the City Council shall bear interest from such date at a rate to be determined by the Council. Such accrued interest on all unpaid installments shall be due and payable annually on the due dates of the respective installments. Any one or more installments may be paid at any time before due together with accrued interest on such installments.
(2011 Code, § 3.04.120) (Ord. 169, passed - -1992; Ord. 179, passed - -1992)