A. After the assessment roll has been completed, the assembly by resolution shall fix a time within which the assessments shall be paid and when they become delinquent. The time of delinquency may not be less than 45 days after the adoption of the resolution.

B. An assessment which is not paid before delinquency draws interest at the rate of 12 percent per year. The assembly, by resolution fixing the time of delinquency, may also provide that after delinquency a penalty no greater than 10 percent shall be added to the delinquent assessment. The penalty also draws interest at the rate of 12 percent per year.

C. As soon as the assessment roll has been placed in the hands of the clerk for collection, the clerk shall publish a notice in a newspaper of general circulation within the borough stating that the roll is in the clerk’s hands for collection and that all or any portion of any assessment appearing thereon may be paid within 45 days from the date of the first publication of the notice without penalty or interest.

D. The clerk shall also mail a similar notice to each owner of property that has been assessed in the LID. The notice shall also designate the property, the amount of the assessment, the date of delinquency, and the amount of penalty provided for, if any.

E. Within five days after the notices to the owners of each property assessed are mailed in accordance with subsection (D) of this section, the clerk shall file an affidavit setting forth the mailing. The affidavit is conclusive as to the facts stated in it.