Establish that the interest rate be 18% per annum for FY'09 for non-payment of taxes on properties with an assessed value of over $80,000, or over $80,000 per residential unit for cooperative apartments.

Resolution to establish that the interest rate be 18% per annum for Fiscal Year 2009 for non-payment of taxes on properties with an assessed value of over $80,000, or over $80,000 per residential unit for cooperative apartments.