§ 19-74. Method of collection; delinquency penalties.

The resolution approving and confirming the assessment list shall provide whether such special assessments shall be payable in cash within thirty (30) days from the adoption of such resolution, or whether such special assessments shall be payable in annual installments not exceeding ten (10) annual installments, the first of which shall be payable on or before the expiration of thirty (30) days from the date of confirmation. If the council desires that the assessment shall be payable in annual installments, said annual installments not to exceed ten (10) in number, said council shall fix an interest rate, not to exceed the maximum interest rate allowed by the applicable Florida Statutes, which interest shall accrue on said unpaid installments from the date of the acceptance of said improvements by the council. In the event the payment of the special assessment shall be made in annual installments, not to exceed ten (10) in number, and in the event any installments, including interest thereon, shall not be paid when due, there shall be added a penalty at the rate of one (1) percent per month, computed upon the entire principal balance of the assessment outstanding at the time said penalty accrues, and said interest and penalty shall continue to accrue until said installment is paid. The owner of the property desiring to pay his assessment in installments, if same shall be permitted, shall, on or before thirty (30) days from the confirmation of such assessments, file with the city clerk a written application to pay said assessments in installments, which application shall state that the applicant and property owner waives all irregularities or defects, constitutional, jurisdictional or otherwise, in the proceedings for the improvement for which the assessments are levied, and in the apportionment of the cost thereof; and thereafter the validity of such assessments shall not be called in question. The payment of an assessment, in whole or in part, shall constitute a waiver of all defects, constitutional, jurisdictional or otherwise, in the proceedings. Said application shall also contain an agreement that the applicant and property owner will pay the said assessment in installments at the date fixed by said resolution, with interest at the rates specified in said resolution. Said application shall also make a reference to the number of improvements, and shall contain a description of the lots or parcel of property of the applicant assessed for such improvements.

(Ord. No. 82-132, § 14, 7-27-82)