Interest at the rate of 10% per annum shall be collectible on all municipal claims from the date of the completion of the work after it is filed as a lien, and on claims for taxes, water rents or rates, lighting rates, or sewer rates or other municipal claims from the date of filing of the lien therefor. Provided, however, that where municipal claims are filed arising out of the municipal project which required the Borough of Marysville to issue bonds to finance the project, interest shall be collectible on such claims at the rate of interest of the bond issue or at the rate of 12% per annum, whichever is less.
(Res. 184, 6/9/2003, §IV; as amended by Ord. 554, 6/14/2004)