A tax due and unpaid under this article shall be a debt due to the City. It shall be an obligation of the taxpayer and shall be a lien upon all property used in the business or occupation upon which such tax is imposed; provided, that no such tax lien shall be enforceable on a bona fide purchaser (including lien creditor) for valuable consideration without notice, unless recorded in the office of the County Clerk. A finance fee of ten dollars ($10.00) or five percent (5%) of the tax, whichever is greater, shall be added for any default for thirty (30) days or less; and for each succeeding quarter elapsing before payment, there shall be an additional finance fee of five percent (5%); provided that this addition to tax shall be imposed only on the net amount of tax due. All finance fees shall be secured by the lien herein provided. Additions to tax prescribed under this section of any tax shall be assessed, collected and paid in the same manner as taxes.
(Ord. 319. Passed 4-7-08.)