(A) (1) At the meeting, the Council shall, if it so determines after hearing objections to the proposed improvement, adopt an assessment resolution showing the necessity for said improvement covering each parcel of land on which such charges shall be imposed. As many parcels may be included in a single resolution as shall be convenient.
(2) Upon adoption of such resolution, the Council may authorize installment payments, and if installment payments are authorized, the Council shall determine the number of installments and the rate of interest to be charged thereon, which shall not exceed 8% per annum.
(B) (1) Immediately after the adoption of such resolution, the Village Treasurer shall give notice of the amount or amounts so determined to the owner or owners chargeable therewith. Such notice shall be sent by first-class mail to the addresses of such owners as shown on the assessment roll of the village or their last known addresses. Such notice shall state the basis of the assessment, and the amount thereof, and the time within which payment shall be made to the Village Treasurer.
(2) If the Village Council does not authorize installment payments, it may report the assessment charges to the Village Treasurer, who shall immediately charge and bill the owner of such lot or premises in the manner provided above.
(2005 Code, § 9.203) (Ord. 2-88, passed - -)