§ 18-119. Assessments to constitute lien; payment in annual installments.

The special assessments provided for in this article shall remain liens superior in dignity to all other liens except those for taxes, until paid, from the date of the assessments, and shall bear interest at the rate of eight percent per annum unless otherwise ordered by the Council in special cases. Such assessments may, by resolution, be made payable in seven equal yearly installments with accrued interest on deferred payments, or otherwise, as the Council may direct for the specific improvement or service.

(Code 1974, § 16-24; Ord. No. 546, § 2, 4-28-2011)