§ 24-40.5. Special improvement assessment liens; payment of assessments.
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Upon adoption of the special assessment roll, the board by resolution shall impose
special assessment liens in favor of Hernando County and may authorize the issuance
of the legal description of each lot or parcel of land subject to a special assessment
lien, together with the amount of the lien according to the special assessment roll.
An executed copy of the resolution shall be recorded promptly in the public records
of Hernando County. The resolution shall indicate when and in what manner the assessments
are to be paid and shall also state that such special assessment liens are subject
to modification in accordance with the provisions of section 24-44.10 hereof. All
special assessment liens may be paid without interest if paid within thirty (30) days
after the adoption of the resolution. Where the resolution authorizing the improvements
has directed the collection of special assessments in the manner provided for collection
of ad valorem taxes, a certified copy of the resolution required under this section,
along with the special assessment roll, shall be delivered to the Hernando County
Property Appraiser and shall include such details and instructions as may be necessary
to facilitate the collection of the special assessments.
Otherwise, the special assessment lien shall bear interest from the date of adoption
of the resolution, or as otherwise specified therein, at a rate not exceeding the
maximum interest rate authorized by law and established in the resolution or, if bonds
are issued pursuant to Section 24-44.8 hereof, at a rate of improvement bonds are
sold, plus one (1) percent per annum. The special assessment liens may, in accordance
with the resolution [and] only for capital outlay projects, be made payable in annual
installments over a period not to exceed twenty (20) years. If any payment is not
made when due, there shall be paid, in addition to interest as provided herein, a
penalty at the rate of one (1) percent per month.
(Ord. No. 90-1, § 5, 1-16-90)
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