(A) The first installment of any special assessment shall be spread upon a special city tax roll in a column headed “special assessments”, or upon the next annual city tax roll at the direction of the Commission.
(B) (1) Annual installments shall be spread thereafter either on a special assessment roll or on the annual city tax roll, as may have been directed by the Commission, in the same manner and subject to the same provisions as provided for first installments. The second installment shall be collected as a part of the first city tax roll which becomes due 6 months or more after the due date of the initial installment.
(2) All unpaid installments, from such date as the Commission shall prescribe, shall bear interest not exceeding 6% per annum, which interest computed to the following September 1 shall be spread yearly upon the city tax roll together as 1 item with the amount of the installment then being spread.
(3) The Commission may provide for advance payment of unpaid installments with interest computed to such date as the Commission prescribes.
(Prior Code, § 25-74)