Sec. 714.111. - Enforcement of assessments.

An obligation to pay an Assessment that is delinquent shall bear interest at the maximum rate provided by law so long as the accrual of interest is not inconsistent with laws pertaining to the chosen collection method and finance of Improvements and may be enforced by any lawful and applicable method including but not limited to lien foreclosure, sale of tax certificates or auction of tax deed. Should the City determine to foreclose upon a delinquent Assessment installment after such time as the Improvements have been completed or rendered, the entire amount of the Assessment over the estimated remaining duration shall be accelerated and due and payable together with all lawful interest, penalties and costs of collection and enforcement thereon as may be allowed by law. (Ord. 2005-157-E, § 3)