Assessment Amount | Payback Period |
Up to $2,000 | 5 years |
$2,000 to $5,000 | 10 years |
Over $5,000 | 20 years |
Annual payments shall be calculated from the assessment amount divided by the applicable payback period. Where the assessment amounts on a project include amounts calling for different payback periods, the longest payback period shall apply to all assessments for the project.
(Ord. 33-99. Passed 9-7-99.)