Establish that the interest rate be 7 percent per annum for FY'20 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 7 percent per annum for Fiscal Year 2020 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.