The village may enter into an installment contract with the taxpayer for the payment of taxes under the controlling tax ordinance. Any installment contract so entered shall not be cancelled unless the taxpayer fails to pay any amount due and owing and then fails to cure the delinquency in the time period provided for below. Upon written notice by the local tax administrator that the payment is 30 days delinquent, the taxpayer shall have 15 days to cure any delinquency. If the taxpayer fails to cure the delinquency within the 15 day period or fails to demonstrate good faith in restructuring the installment contract with the local administrator, the installment contract shall be cancelled without further notice to the taxpayer and any unpaid tax shall be immediately due and owing.
(Ord. 00-25, passed 2-5-01)