In the same resolution provided for in the preceding section, the Council shall determine whether such special assessment is to be made pro rate upon the lots and premises in such special assessment district, according to frontage, or benefits, and shall determine whether such special assessment may be divided into installments and the interest rate to be charged upon the deferred balance from time to time unpaid, provided, however, that such special assessments shall not be divided into more than 15 successive annual installments and the interest charged shall not exceed 6% per year upon the deferred balance, and that the special assessments or installments thereof maybe paid in advance, with interest only to the date of payment. The Council shall by such resolution direct that such special assessment shall be made as provided by the resolution by the City Assessor.
(Ord. 2013-01, passed 9-10-2013)