Establish that the interest rate to be charged for FY'18 for non-payment of water rents and sewer rents be (18%) per annum for real property with an assessed value of over $250,000, or over $250,000 per residential unit for co-op apartments.

Resolution to establish that the interest rate to be charged for Fiscal Year 2018 for non-payment of water rents and sewer rents be eighteen percent (18%) per annum for real property with an assessed value of over $250,000, or over $250,000 per residential unit for cooperative apartments.