A. Park systems development charges and charges less than five hundred dollars ($500.00) may not be paid in installments. All other systems development charges of five hundred dollars ($500.00) or more may be paid in two semi-annual installments, to include interest on the unpaid balance, in accordance with ORS 223.208.
B. The city recorder shall provide application forms for installment payments, which shall include a waiver of all rights to contest the validity of the lien, except for correction of computational errors.
C. An applicant for installment payments shall have the burden of demonstrating the applicant’s authority to assent to the imposition of a lien on the parcel and that the interest of the applicant is adequate to secure payment of the lien.
D. The city recorder shall determine the amount of the system development charge, the dates on which the payments are due, the name of the owner, and the description of the parcel.
E. The city recorder shall docket the lien in the lien docket. From that time the city shall have a lien upon the described parcel for the amount of the system development charge, together with interest on the unpaid balance at the rate established by the council. The lien shall be enforceable in the manner provided in ORS Chapter 223. All system development charges shall be due and payable upon a change of ownership from an owner who elects to pay system development charges by installment under this chapter to an owner who acquires a fee interest in the parcel subject to the system development charge. (Ord. 1999-7 § 2; prior code § 2.650)