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The special assessment shall be payable in 10 equal annual installments with the amount determined after completion of construction based on total construction costs less any grants or donations received as of the assessment date. Any assessment or installment not paid within 30 days after filing the approved assessment role in the Finance Office shall be collected under Plan One, collection by the County Treasurer, as set forth in SDCL § 9-43. All current and deferred installments shall bear 0% interest and any delinquent payment shall bear interest at the rate of 10% per annum.
(Ord. 1395, passed 12-16-2019)