The city council finds and declares that the establishment of
an interest accrual requirement as to unpaid city liens and assessments
upon real property which are of record with the county recorder for
San Mateo County is a necessary and appropriate exercise of the city
council’s police power.
(Ord. 1240 § 2, 1999)
Unless otherwise prohibited by law or regulation, all liens
and assessments which are imposed by the city against any real property
located in the city of South San Francisco which are recorded on and
after the effective date of this regulation shall accrue interest
at the rate of eight percent annually until the lien or assessment,
including interest thereon, is paid in full.
(Ord. 1240 § 2, 1999)
