§ 58-10. Payment of assessments; lien.

All special assessments levied under the provisions of this chapter shall be payable in full 30 days after the confirmation thereof; provided, however, that the city council may by resolution provide for the payment of any assessment in not exceeding ten equal annual installments from the date thereof, with interest thereon not exceeding eight percent per annum, payable annually on all unpaid assessments; provided, however, that the owner of the property so assessed may pay at any time the full amount then remaining unpaid, by paying the entire principal and interest due thereon until the next annual interest date. The owner of any property failing to pay the assessment on or before 30 days from the confirmation of the assessment thereof shall be deemed to have consented to pay the assessment and interest thereon in annual installments as provided in this section; and all unpaid assessments, penalties and interest shall be and remain a lien on each lot or parcel of land or other property respectively, in favor of the city, and such lien shall have priority over all liens and incumbrances whatsoever, except liens for city, state and county taxes.

(Code 1982, § 2-199)