(A) Whenever the Common Council shall cause paving, grading, graveling, sewer or water mains, curbs or curb and gutters, or incidental improvements on any street, avenue, or alley in the city, the cost of which is to be paid by special assessment against abutting property or property within a certain district or portion of the city, it may divide the amount of the assessment on a lot, part, or parcel of land if the assessment exceeds $50 into not more than ten equal annual installments. If it is less than $50, it shall not be divisible into partial payments or installments.
(B) The first installment or partial payment shall be due and payable from and after the filing of the special assessment roll with the Municipal Finance Officer. The remaining portion of said assessment, after deducting the amount of the first installment, may be divided into equal annual installments and paid on, or before, the anniversary date of the filing of the assessment roll with the Municipal Finance Officer, all as provided for by law pertaining to the payment and collection of special assessments for local improvements.
(Prior Code, § 2.0501)