SEC. 9-541. NOTICE OF ASSESSMENT; NOTICE OF OWNERS:
Forthwith upon the levy of an assessment or at any time thereafter as the Council shall determine, the City Clerk shall mail to the owners of property within the assessment district a notice to pay assessment, which shall contain:
(a) A statement of the number and date of adoption of the resolution of intention.
(b) The date of recording the assessment with the Superintendent of Streets.
(c) The date of recording the notice of assessment with the County Recorder.
(d) A description of the property of the owner, by street number or other description sufficient to identify it.
(e) That the assessment will be collected and may be paid as provided in this Division.
(f) That the assessment may be paid in cash with or without interest as described therein on or before a date fixed in the notice, which shall not be less than thirty (30) days from the date of recording the assessment.
(g) That in lieu of payment in cash, the owner may elect to pay the assessment, with interest on the reducing balances at a rate stated, not to exceed six percent (6%) per annum from thirty (30) days after date of recording the assessment, according to one of either of the following plans to be selected by the owner.
(h) That unless the owner pays the assessment in cash within thirty (30) days, or fails to select one of the plans and returns the post card within ten (10) days, the assessment with interest, will be collected with the first installment of taxes on the next succeeding tax roll on which City taxes are collected.
Plan No. 1. On or before July 1 of either of the next succeeding five (5) calendar years, together with interest. If the fourth or fifth year is selected accrued interest will become due and payable on July 1 of the third, fourth and fifth year.
Plan No. 2. An equal amount of principal and interest on July 1 of each of the next succeeding five (5) calendar years.
Plan No. 3. An equal monthly amount of principal and interest on the first day of each of sixty (60) successive calendar months commencing on a date specified.
(Amended by Ordinance 2640-C.S. — Effective April 10, 1975)
SEC. 9-542. RETURN POST CARD:
Each notice shall be accompanied by a return post card, postage prepaid, addressed to the Director of Finance, which shall state the number of the resolution of intention and of the individual assessment, state the name and number of the three (3) plans, with a line or square opposite each in which the owner may place a check or cross, and lines for his name and address.
(Amended by Ordinance 2640-C.S. — Effective April 10, 1975)
SEC. 9-543. ELECTION BY OWNER:
Each owner shall designate on his return card the plan selected and his name and address and return the card within ten (10) days after the postmark on his card.
(Amended by Ordinance 2640-C.S. — Effective April 10, 1975)
SEC. 9-544. FAILURE TO ELECT:
If an owner fails to make an election or to pay his assessment in cash, his assessment shall be collected on the tax roll as provided in Sections 9-214 through 9-223, inclusive, of this Code.
(Amended by Ordinance 2640-C.S. — Effective April 10, 1975)
SEC. 9-545. STATEMENT OF PAYMENTS:
The Director of Finance shall prepare in duplicate, a statement of the amount of the installments of principal and interest and the due dates thereof, as to each parcel and according to the plan selected. He shall retain one copy and the Clerk shall mail the other to the respective owners who have selected plans.
(Amended by Ordinance 2640-C.S. — Effective April 10, 1975)
SEC. 9-546. FULL PREPAYMENT:
An owner may pay in full the unpaid balance of the principal due under a plan, together with interest to the date of payment, as determined by the Director of Finance.
(Amended by Ordinance 2640-C.S. — Effective April 10, 1975)
SEC. 9-547. DELINQUENT INSTALLMENTS:
Installments not paid on the due date shall bear interest at the rate of one percent (1%) per month. Installments which are unpaid after August of each year, shall be collected on the tax roll as provided in Section 9-544 of this Article.
(Amended by Ordinance 2640-C.S. — Effective April 10, 1975)
Stockton, CA 
