The written application shall state that the applicant and property owner does thereby waive all irregularities or defects, jurisdictional or otherwise, in the proceedings to make the public improvement for which the assessment is levied and in the apportionment of the costs thereof. The application shall provide that the applicant and property owner agrees to pay the assessment in 20 semiannual installments (or any other number of installment payments as the Council by resolution may prescribe), with interest at the current rate of interest for commercial loans or the rate of a bond sale, whichever the City Council deems appropriate on all of the assessment which has not been paid, plus 0.5% as an installment application fee. The application shall also contain a statement by lot or block, or other convenient description of the property of the applicant assessed for the improvement. No assessment shall be deemed invalid, nor shall any application be refused, for installment payment of assessment in the event the assessment shall be greater than the amount of assessed valuation as disclosed on the tax records of the county, at the time of assessment. Also, an application under § 34.111(C) shall be considered a separate application here for each lot or parcel such that a separate installment fee described here shall be charged.
(Prior Code, § 35.105) (Ord. 1157, passed 9-7-1999)