Establish that the interest rate be 18 percent per annum for FY'17 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 percent per annum for Fiscal Year 2017 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.