[Res. 18-2010, 9/2/2010]
The interest rate which shall be charged and collected by the
Borough of Burnham on (a) a tax claim which is filed by the Borough
as a tax lien to recover unpaid taxes of the Borough or (b) a municipal
claim which is filed by the Borough as a municipal lien to recover,
water rents or rates, lighting rates or sewer rates payable to the
Borough, shall be 10% per annum from the date that the claim is filed
as a lien.
[Res. 18-2010, 9/2/2010]
The interest rate which shall be charged and collected by the
Borough of Burnham on a municipal claim which is filed by the Borough
of Burnham as a municipal lien to recover unpaid amounts or assessments
due to the Borough for work done, improvements made, services rendered
or benefits conferred or acquisitions made in connection with a municipal
project which required the Borough to issue notes, bonds or other
evidences of indebtedness to finance the project shall be collectable
at the rate of interest of the bond issue or indebtedness or at a
rate of 12% per annum, whichever is less, and shall be computed from
the date on which the work or improvement was completed, the service
was rendered, the benefit was conferred or the acquisition was made,
as applicable.
[Res. 18-2010, 9/2/2010]
The interest rate which shall be charged and collected by the
Borough of Burnham on a municipal claim which if filed by the Borough
of Burnham as a municipal lien to recover unpaid amounts or assessments
due the Borough for work done, improvements made, services rendered,
benefits conferred, acquisitions made or nuisances removed, and which
claims are not within the scope of § 1211 or 1212 of this
Part 12B, shall be computed at a rate of 10% per annum from the date
that the work was done, the improvements made, the services rendered,
the benefits conferred, the acquisitions made or the nuisances removed,
as applicable.