After the Council has confirmed the roll, the Treasurer shall notify by mail each property owner on the assessment roll that the roll has been confirmed and filed, stating the amount assessed. Failure to receive notice shall not invalidate any special assessment nor excuse the payment of interest or collection fees, or both. Each property owner shall have 90 days from the date of confirmation of the roll to pay the assessment in full or any part thereof in a sum not less than the first installment thereof as set by the Council, without interest, fees, or penalty. Following 90 days, the property owner may pay all of this assessment at any time, but shall be required to pay interest thereon as fixed by the Council. If a special assessment or the first installment thereof remains unpaid as of the last day of February following the date of confirmation of the roll, there shall be added interest at the rate set by the Council beginning 90 days from the date of confirmation of the roll to the first day of July following the last day of February and the assessment shall be spread upon the then current tax roll for the collection of taxes in the village and collected in the same manner and subject to the same fees and penalties as taxes. The second and remaining installments shall be spread upon the succeeding village tax rolls, together with interest beginning 90 days from date of confirmation of the roll, until all installments are paid.
(1984 Code, § 1.84)