Upon the completion of any project for which
special assessment charges are to be levied by the Township, the Finance
Director shall send a special assessment statement to each affected
property owner, providing the following options for the payment of
all unpaid assessments previously levied and assessments to be levied:
A. The total amount of the assessment may be paid in
full before a specified date without any interest or penalty. Said
date shall be shown on the statement and shall be at least 90 days
from the date when receipt of the statement is anticipated.
B. Any assessment levied before January 1, 1999, may
be paid in five or 10 equal installments.
C. Any assessment levied on or after January 1, 1999,
may be paid in five, 10, or 15 equal installments.
D. Persons who elect an installment option may elect to pay said installments in one annual payment in accordance with §
9-1 E or, beginning with installments due on or after January 1, 1999, in two semiannual payments each year in accordance with §
9-1F. In all cases, the first installment payment shall be due on or before the date specified in §
9-1A.
E. One annual installment payment. Each succeeding annual installment specified in §
9-1B and §
9-1C shall be due on or before April 30 or October 31 of succeeding years, whichever date is closer to one year from the due date of the first installment.
F. Two semiannual installment payments. The first of each succeeding semiannual installment payments made on assessments specified in §
9-1C shall be due on or before April 30 or October 31 of succeeding years, whichever date is closer to one year from the due date of the first installment, and each succeeding semiannual payment shall be due six months thereafter.
[Amended 12-18-2006 by Ord. No. 2006-30]
G. Interest on the unpaid balance of any installment
shall be per annum, at the highest rate permissible by law at the
time each installment is due, and shall be paid at that time. In the
event any installment payment is received after its due date, a penalty
of 5% shall be charged on the unpaid balance of the assessment on
top of which said interest shall be paid.
H. The Township shall send reminder notices to persons
who elect an installment option, but failure to send or to receive
such a notice shall not affect the due date and any applicable interest
and penalty charges.