Establish that the interest rate be 18% per annum for FY'13 for non-payment of taxes on properties with an assessed value of over $250,000, or over $250,000 per residential unit for cooperative apartments.

Resolution to establish that the interest rate be 18% per annum for Fiscal Year 2013 for non-payment of taxes on properties with an assessed value of over two hundred fifty thousand dollars ($250,000), or over two hundred fifty thousand dollars ($250,000) per residential unit for cooperative apartments.