(65 ILCS 5/9-2-93) (from Ch. 24, par. 9-2-93)
Sec. 9-2-93.
In case of such a payment of a withdrawn or forfeited special
assessment, the municipal collector or county clerk, as the case may be,
shall collect a penalty of 12% on the amount of the forfeiture and on the
amount of the withdrawn special assessment together with interest and costs
to the date of withdrawal or forfeiture for the first year after the date
of that withdrawal or forfeiture, and after that first year interest at the
rate of 6% annually. The municipal collector or the county clerk, as the
case may be, shall pay over to the officer of the municipality entitled to
receive the same, within 30 days after the collection has been made, all
special assessments, together with interest, penalties, and also statutory
costs advanced by the municipality and collected by him. But if any lot or
parcel of land should again be offered for sale, because of failure to pay
that delinquent special assessment, and again withdrawn from sale, there
shall be no second charge of 12% for the first year following the
subsequent withdrawal. Instead, the interest rate shall continue at the
rate of 6% annually. There may be second and subsequent charges of 12%
for successive forfeitures.
The municipal collector or county clerk shall be entitled to charge and
collect from the person for whom the service is rendered, a fee of 40 cents
for each estimate of the amount necessary to pay a withdrawn or forfeited
special assessment, including costs, and a fee of $1 for each certificate
of deposit for payment of such a withdrawn or forfeited special assessment.
(Source: P.A. 85-1137.)
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