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2015-25ORDINANCE NO. 2015-25 AN ORDINANCE AMENDING CHAPTER 90, ARTICLE II, DIVISION 1, SECTION 90-31(B)(2) AND ARTICLE III, SECTION 90-167, OF THE CODE OF THE CITY OF FAIRFAX, VIRGINIA, PERTAINING TO INTEREST CHARGED ON DELINQUENT REAL ESTATE TAXES AND PERSONAL PROPERTY TAXES. BE IT ORDAINED, by the City Council of the City of Fairfax, Virginia, that Chapter 90, Article II, Division 1, Section 90-31(b)(2), of the Code of the City of Fairfax, Virginia, pertaining to interest charged on delinquent real estate taxes, is hereby amended as follows: "Sec. 90-31. — Due date of real estate taxes; when same deemed delinquent; penalty for failure to pay taxes when due; interest (b) Penalties and interest. (2) Interest. In addition to such penalties, interest shall be imposed on such delinquent taxes including penalties from the first day following the day such taxes are dueg a rate of ten percent (10%) per annum. T' -e — „front -es4 of delinquent *fflos shall be Fs established fte +;.,..o to +:....e p i4 to see fi ,., 6621 „fthe ince... a Revenue Ced e f 195¢» BE IT FURTHER ORDAINED, by the City Council of the City of Fairfax, Virginia, that Chapter 90, Article III, Section 90-167, of the Code of the City of Fairfax, Virginia, pertaining to interest charged on delinquent personal property taxes, is hereby amended as follows: "Sec. 90-167. — Interest. In addition to such penalties, interest shall be imposed on such delinquent taxes including penalties from the first day following the day such taxes are due, at a rate of ten percent (10%) per annum. ftem time te time puf-suant to Cede ef Vir-ginia� § 58.1 3916-." This ordinance shall become effective as provided by law. Introduced: April 29, 2015 City Council hearing: May 12, 2015 Adopted: May 12, 2015 K r,•City Clerk r..�G, Ili. Votes Councilman DeMarco Aye Councilman Greenfield Aye Councilmember Loftus Aye Councilman Meyer Aye Councilmember Miller Aye Councilmember Schmidt Aye ez— Mayor 151 t 5 15 Date