Assessments offive hundred dollars or less willcome due at the firsttaxpaying dateafter the approval of the final assessment, and assessments of more than five hundred dollars may be paid in ten annual installments with interest on theunpaid balance at a rate notexceeding that permitted by chapter 74A. The board of supervisors shall issue bonds against the completed assessment in an amount equal to the total cost of the project, so that the amount of the assessment will be approximately ten percent greater than the amount of the bonds.
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