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5. The Collector shall ate on each annual tax bill and flat rate
utility bill, to any participating taxpayer, the total of all payments
received plus Ow the amount reguired to pay the balance
of the taxes or flat rate utility bili due on the due date of that year and
Such annual tax bill Or flat rate utility bill shall be calculated on the
basis that amounts due on the monthly tax prepayment scheme shall be Paid as
scheduled,

6. In the event that there are

on the Property in question any p
Or delinguencies,

taxes in arrears cr deli
ayment will be applied fir

nguent chargeable
St to such arrears

at any time, withdraw from the

the plan will be returned or refunded |
hall continue to pay interest as set oyt in this Bylaw on
those monies Previously paid.

| 8. The Collector may cancel the Privilege of continuing in the
. installment Plan if two consecutive installments fail to be honored. . :

9. No interest shal] be pai

id on any monies Paid after May lst for the |
Current years taxes, except to those persons who have completed Schedule A and
thereby authorized automatic deduction from a bank account,

10. This Bylaw may be cited for al] Purposes as the
Bylaw, 1988, No, 2351"

"Tax Prepayment Plan