Establish that the interest rate be 9% per annum for FY'12 for non-payment of taxes on properties with an assessed value of not more than ($250,000), or not more than ($250,000) per residential unit for cooperative apartments.

Resolution to establish that the interest rate be 9% per annum for Fiscal Year 2012 for non-payment of taxes on properties with an assessed value of not more than two hundred fifty thousand dollars ($250,000), or not more than two hundred fifty thousand dollars ($250,000) per residential unit for cooperative apartments.