Dept/ Agency: Finance Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Reducing Interest Rates charged on delinquent property taxes, water and sewer charges, and City-owned Municipal Tax Liens Purpose: To implement a temporary Interest Reduction Program on delinquent taxes, water and sewer charges, and City-owned Municipal Tax Liens. Program Period: November 1, 2021 through December 31, 2021, only Additional Information: Current Rate Proposed Rate 8% on first $1,500.00 delinquency 0% on first $1,500.00 delinquency 18% on remaining balance 0% on remaining balance