(A) Procedure. An assessment or installment thereof, of any local improvement district, shall be considered delinquent if not paid within 30 days after the date set for payment thereof in the provisions of the assessing ordinance.
(1) A delinquency shall cause the whole amount of unpaid principal and accrued interest to become due and payable.
(2) As soon as any assessment or installment thereof becomes delinquent, the Director of Finance shall mark it delinquent on the assessment roll and shall, at least once each calendar year, but not sooner than October 1, certify such assessments, along with interest and penalty, to the Treasurer of Eagle County, Colorado; and the County Treasurer shall extend the assessment upon the real property tax rolls of the county and collect it in the same manner as delinquent general taxes levied upon the property. Upon certification of the delinquent assessment or payments, the costs of collection shall also become due and payable.
(B) Certification.
(1) There shall be no interest charged against an assessment which is paid in full to the town within 30 days from the effective date of the assessment ordinance. In the event that the assessment is not paid in full within the 30-day period, interest shall be charged at the rate set by the Town Council in the ordinance levying the assessments.
(2) Failure to pay an assessment, or an installment payment thereof, when due, whether principal or interest, shall cause the whole amount of the unpaid assessment and accrued interest thereon, along with penalty, to become due and payable immediately and the amount shall continue drawing interest at the rate established in the ordinance levying the assessments. In the event that the assessment in default is on the installment payment basis, and the assessment has not been certified to the County Treasurer for collection, the Director of Finance may permit the owner of the property assessed to return to the installment payment basis upon the payment of all installment payments in default together with all interest and penalty then due.
(Ord. 9(1976) §§ 1-27, 1-28; Ord. 23(1993) § 2)