[Adopted 3-14-2002 by Ord. No. 1136 (Ch.
236, Art. XII, of the 1999 Code)]
The delinquent tax collector is hereby authorized
to enter into agreements with delinquent taxpayers for the collection
of delinquent taxes under the terms and conditions set forth in this
Part.
1. Payments shall
be made in no more than four installments.
2. No installment
shall be in an amount less than 10% of the face amount of the tax
when it became delinquent.
3. The agreement
to accept installments, and the acceptance of installments, shall
not prejudice the Borough of Homestead in the collection of the balance
due or in any way impair the validity of any lien for the delinquent
taxes or any balance due thereon, according to the provisions of any
act of assembly applicable.
4. No penalty or
interest shall be abated or diminished by the agreement to accept
installments or the acceptance of installments, but interest on the
amount of any installment paid shall cease after the month in which
such installment is paid.