There shall be added to every obligation, debt, or outstanding moneys owed to the city, which amounts remain unpaid past their due date or if no due date, past 30 days of being incurred, an interest rate of 0.875% per month, 10.5% per annum on the outstanding balance, the interest accruing monthly until fully paid, unless a different rate of interest is provided by code or ordinance, or by resolution establishing a special improvement district.
(Am. Ord. 96-10, passed 8-13-96)