(1) Assessments shall become liens upon the properties assessed after the passage of the ordinance levying them and entry in the City lien docket and shall be immediately due and payable. Bond issuance and administration costs shall be added to an assessment when the installment application is filed. Interest and billing charges shall be added to each assessment as they accrue. The City may enforce collection of the assessments in the manner prescribed by law.

(2) A written application to pay in installments under the Bancroft Act shall be filed with the City Recorder within 10 days after mailing of the notice of final assessment. However, an application may be accepted at the discretion of the city manager at any time unless the council has authorized foreclosure of the lien.

(3) Unless otherwise provided in the ordinance levying the assessments, the application shall provide that the applicant agrees to pay the final assessment over a period of ten years from the date of assessment in equal semi-annual installments of principal plus interest on the unpaid balance, beginning six months after the date of assessment.

(4) The application shall provide that the applicant acknowledges and agrees to pay interest at the rate provided by ordinance on all unpaid assessments.

(5) The application shall contain a statement, by lots or blocks, or other sufficient legal description, of the property of the applicant assessed for the improvement.

(6) The application shall state that the applicant does thereby waive all irregularities or defects, jurisdictional or otherwise, in the proceedings to cause the local improvement for which the assessment is levied and in the apportionment of the actual cost of the local improvement.

(7) An owner who elects to file an application to pay in installments shall agree to pay an additional amount to be added to the assessment to recover bond issuance and administration costs. This amount shall be determined by the City Council at the time it levies the assessment based on a reasonable estimate of bond issuance and administration costs.

(8) An owner who elects to file an application to pay in installments shall agree to pay a billing charge to be added to each installment. The billing charge shall be a prorated share of the actual cost of billing and keeping records of installment payment accounts. The amount of the billing charge shall be as established in the most recent fee schedule approved by resolution of the City Council.