Unless a different rate of interest is provided for by ordinance, by agreement, or required by State law, interest shall accrue on obligations owing to the City at the rate of ten and one-half (10.5%) percent per annum from the date due until paid in full.
(Ord. No. 98-19, passed 6-23-98; Am. Ord. No. 2003-05, passed 5-6-03)