[Adopted 3-14-2002 by Ord. No. 1136]
The delinquent tax collector is hereby authorized to enter into agreements with delinquent taxpayers for the collection of delinquent taxes under the terms and conditions set forth in this article.
Payments shall be made in no more than four installments.
No installment shall be in an amount less than 10% of the face amount of the tax when it became delinquent.
The agreement to accept installments, and the acceptance of installments, shall not prejudice the Borough of Homestead in the collection of the balance due or in any way impair the validity of any lien for the delinquent taxes or any balance due thereon, according to the provisions of any act of assembly applicable.
No penalty or interest shall be abated or diminished by the agreement to accept installments or the acceptance of installments, but interest on the amount of any installment paid shall cease after the month in which such installment is paid.