The whole or any part of any assessment may be paid during the period of 60 days from the date of confirmation of the special assessment roll without interest or penalty. Not later than 15 days after the end of the 60-day period, the Treasurer shall transmit the roll to the Assessor with all payments upon assessments noted thereon. The Assessor shall then divide any remaining balance of each assessment into a number of equal installments as shall have been fixed by the Commission; provided, that if the division operates to make any installment less than $10, then the Assessor shall reduce the number of installments so that each installment shall be above and as near to $10 as possible.
(1993 Code, § 33.29)