§ 12.04.110. Lien recording; interest; foreclosure.

(A)

After the ordinance levying assessments has been passed, the City Treasurer shall enter in the docket of City liens a statement of the respective amounts assessed upon each particular lot, tract or parcel of land with the names of the record owners thereof and, so far as readily known, the names of the owners thereof as defined in this chapter. Upon such entry in the lien docket, the amount so entered shall be a lien and charged upon the respective lots, tracts and parcels of land against which the same are placed. Such liens shall be first and prior to all other liens or encumbrances thereon whatsoever insofar as the laws of the state allow.

(B)

Interest shall be charged at a rate determined by the Council. The Council shall set the interest rate giving due consideration to the interest rates charged the City and to the interest lost by the City because of the use of City funds. Interest shall be assessed on any amounts not paid within 30 days from the date of such entry or entry corrected pursuant to section 12.04.120.

(C)

The City may proceed to foreclose or enforce any lien to which it shall be entitled pursuant to the provisions of this chapter at any time after 30 days from the date on which the assessment, or assessment corrected pursuant to section 12.04.120, was entered in the lien docket, in the manner provided for the foreclosure or enforcement of liens by the general laws of the state.

(Code 1981, § 12.04.110; Ord. No. 28, 5-1961; Ord. No. 283, 11-23 -1982)