[Adopted 7-13-1987 by Ord. No. 247]
Whenever the Board of Supervisors of Exeter
Township shall authorize the construction or acquisition of any sanitary
sewer or system of sanitary sewers, or the improvement of any street
or portion thereof, or the installation of curbing or sidewalks, and
the entire cost or any part thereof shall be assessed against the
properties benefitted, improved or accommodated by such sewer or system
of sewers, or curbing or sidewalks, or abutting upon such street or
portion thereof, the Township Supervisors may authorize the payment
of such assessment in equal installments not to exceed three years.
Payments on account of § 305-12 aforesaid shall be made at least annually and shall not be extended for more than three years with each payment representing a minimum of 1/3 of the total principal amount assessed and shall bear interest at the rate of 6% per annum on the unpaid principal balance.
The Township Secretary is authorized to execute
all documents to enable the Solicitor to secure the assessments against
the subject properties to enter the same in the Prothonotary's Office
of Berks County for collection in the same manner as municipal claims
are filed and collected.
Assessments in connection with this article
shall be payable at the office of the Township Treasurer or Township
Solicitor, or remittance unto the said Township, together with interest
and costs as provided by law and in accordance with this article.
