[Ord. 26-1982 § 1, passed 3-31-1982]
Interest at a rate of 10% per annum shall be collectible on
all City liens from the date of the completion of the work after it
is filed as a lien. Such liens shall consist of those arising from
street openings, sidewalk and curb construction and repair, paving
and sewer assessments, curb cuts and driveway openings.
[Ord. 26-1982 § 2, passed 3-31-1982]
After the effective date of this section, where the Municipal
lien arises out of a Municipal project which required the issuance
of bonds to finance the project, the interest shall be collectible
on such claims at the rate of interest of the bond issue or at the
rate of 12% per annum, whichever is less.
[Ord. 26-1982 § 3, passed 3-31-1982]
This article shall not affect the rate of interest as established
by the City for late payment of water or sewer rental obligations.