File #:

Res 0342-2002    Version: *

Name:

Water and Sewer Rents, Interest Rates

Type:

Resolution

Status:

Adopted

Committee:

Committee on Finance

On agenda:

6/19/2002

Enactment date:

Law number:

Title:

Resolution to establish that the interest rate to be charged for Fiscal Year 2003 for non-payment of water rents and sewer rents be 18% per annum for any parcel where the annual real estate tax is more than $2,750 or where the real estate taxes are held in escrow and paid to the Commissioner of Finance by a mortgage escrow agent or where the parcel consists of vacant or unimproved land; and 9% per annum in all other cases.

Sponsors:

David I. Weprin, Kendall Stewart

Council Member Sponsors:

2

Attachments:

1. Hearing Transcript 6/21, 2. Hearing Transcript - Stated Meeting 6/21