In a case of an election to pay in installments, the cost shall be payable in annual installments over a period not to exceed five years in length and the interest rate shall be the rate charged to large commercial borrowers by major United States banking institutions as reported in the Wall Street Journal on the day of the final reading of the ordinance accepting the work and levying the assessments pursuant to this section.
(Ord. 14(1988) § 1)