[HISTORY: Adopted by the Common Council of the City of Peekskill 12-14-1992 (Ch. 193 of the 1984 Code). Amendments noted where applicable.]
Notwithstanding any other provision of this City Code related to interest charged on debts due and owing to the City of Peekskill, the interest rate which shall be applied and charged by the City of Peekskill for all debts and obligations due and owing to the city from any person, corporation or other entity shall be 1 1/2% per month, or part thereof, for any period during which such debt or obligation remains outstanding after the due date for the payment thereof. Nothing in this section shall prevent the original imposition of any fine or penalty set forth in this City Code. Upon the imposition of such fine or penalty, including increases thereof mandated by state law or by any provision of this Code, the interest rate set forth herein shall also apply to the amount of such fine or penalty. To the extent that any other provision of this City Code is inconsistent herewith, this section shall be deemed to control.