In case the party against whom an assessment shall have been made under this subchapter shall have paid an installment of one-fourth of the total amount thereof within 60 days after notice of such assessment, such party shall pay the remaining three-fourths of such assessment in three subsequent semiannual installments, the first of which shall be due within six months after the first installment became due and the remaining installments shall become due at six-month intervals thereafter. All such installments shall bear interest at the rate of 6% per annum, commencing 30 days after the notice of total assessment referred to in § 92.20.
(Ord. 1997-4, passed 5-27-1997)