[Adopted 3-5-1956 as Ord. No. 490]
Every public highway, street, avenue, lane or alley or part thereof and the sidewalks thereof when included as part of the improvement, the setting of curbstones and the providing for the drainage thereof may be graded, paved and otherwise improved as herein set forth, and the cost and expense of the same shall be paid in full by the owners of the real estate bounding and abutting along the line of said improvement, which cost and expense upon the abutting real estate shall be assessed in accordance with the foot-front rule as by law is now provided.
Any assessment authorized under this Article shall be paid either in full within sixty (60) days after notice of such assessment shall have been given to the party assessed or in four (4) equal semiannual installments, the first of which shall be due and payable within sixty (60) days after such notice. All assessments, whether paid in full or in installments, shall be payable to the City Treasurer.
If any assessment authorized under this Article shall not have been paid in full or if an installment payment of one-fourth (1/4) the total amount of such assessment shall not have been made within sixty (60) days after notice shall have been given to the party assessed, the entire assessment shall be due, and it shall be the duty of the City Solicitor to collect the same, with interest from the date of the completion of the improvement, by action of assumpsit or by a lien to be filed and collected in the same manner as other municipal claims.
In case the party against whom an assessment shall have been made under this Article shall have paid an installment of one-fourth (1/4) of the total amount thereof within thirty (30) days after notice of such assessment, such party shall pay the remaining three-fourths (3/4) of such assessment in three (3) subsequent semiannual installments, the first of which shall be due within six (6) months after the first installment became due, and the remaining installments shall become due at six-month intervals thereafter. All such installments shall bear interest at the rate of six percent (6%) per annum, commencing thirty (30) days after the notice of the total assessment referred to in § 232-14 of this Article.