[Added 11-17-1976 by Ord. No. 204]
As provided for in Section 2501 of the First Class Township Code, payment for streets paved, widened or otherwise improved as provided for in Sections 2050 and 2060 of said code and subsequently assessed in accordance with Sections 2055, 2062 and 2063 of said code may be authorized to be made in annual installments when so requested in writing by owners of property abutting the improvement. When so authorized, 1/5 of the payment of the total amount of the assessment shall be made within 30 days of delivery of the assessment notice to such owners with not less than 1/5 of the original assessment, plus interest as provided for in Section 2056 of the First Class Township Code, to be paid on or before each annual anniversary date of the delivery of the assessment notice until the full assessment shall have been paid.