(A) All special assessments, except the installments thereof as the Council shall make payable at a future time as provided in this chapter, shall be due and payable upon confirmation of the special assessment roll.
(B) After the Village Council has confirmed the roll, the Village Treasurer shall notify by first class mail each property owner on the roll that the roll has been filed, stating the amount assessed and the terms of payment, and shall give notice by one publication in a newspaper published or circulated within the village that the special assessment roll has been filed in his or her office and specifying when and where payment shall be made thereon. Failure on the part of the Village Treasurer to give notice or of the owner to receive the notice shall not invalidate any special assessment roll of the village or any assessment thereon, nor excuse the payment of interest or penalties.
(C) The Village Council may provide for the payment of special assessments in annual installments. Annual installments shall not exceed ten in number, the first installment being due upon confirmation of the roll or on a date as the Village Council may determine and deferred installments being due annually thereafter, or in the discretion of the Village Council, may be spread upon and made a part of each annual village tax roll thereafter until all are paid. Interest shall be charged on all deferred installments at a rate not to exceed 10% per annum, or any other rate as may be established by the Village Council in accordance with state statute, commencing on the due date of the first installment, or 90 days after the date of confirmation if the first installment is not due upon confirmation, and payable on the due date of each subsequent installment. The full amount of all or any deferred installments, with interest accrued thereon to the date of payment, may be paid in advance of the due dates thereof. If the full assessment or the first installment thereof shall be due upon confirmation, each property owner shall have 90 days from the date of confirmation to pay the full amount of the assessment, or the full amount of any installments thereof, without interest or penalty. Following the 90-day period, the assessment or first installment thereof shall, if unpaid, be considered as delinquent and the same penalties shall be collected on the unpaid assessments or first installments thereof as are provided by law to be collected on delinquent general village taxes. Deferred installments shall be collected without penalty until 90 days after the due date thereof, after which time the installments shall be considered as delinquent and the penalties on the installments shall be collected as are provided by law to be collected on delinquent general village taxes.
(Ord. passed 4-30-2001)