Resolutions-2023-054

Tiffin / 436989- 28 L A& / Phase Two to December 1, 2024. Thereafter, all assessments will bear an annual interest rate of 663% 1. on all unpaid special assessments from December 1, 2024 until December 1, 2033. Each installment will be considered late from the October 1 following its due date and will draw additionally the same late interest and the same penalties as ordinary taxes. Any property owner may elect to pay one half or all of the next annual installment of principal and interest of the special assessment prior to the delinquency date of the installment. All unpaid installments of any assessment may be paid in full on any date, in which case interest shall be computed on the outstanding balance to the first day of December following the date of such payment; and additional annual installments may be paid after the current installment has been paid before December 1 without interest. Reference is hereby made to said final assessment schedule for a description of the particular lots or tracts and the amounts of the final assessments thereon, as determined and fixed by the Council. By order of the City Council of the City of Tiffin, Iowa. Abigail Hora City Clerk 7- DORSEY & WHITNEY LLP, ATTORNEYS, DES MOINES, IOWA