Establish that the interest rate be 9% per annum for FY'07 for non-payment of taxes on properties with an assessed value of not more than $80,000, or not more than $80,000 per residential unit for cooperative apartments.

Resolution to establish that the interest rate be 9% per annum for Fiscal Year 2007 for non-payment of taxes on properties with an assessed value of not more than $80,000, or not more than $80,000 per residential unit for cooperative apartments.