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ORDINANCE NO. 2021· 005 settlement and foreclosure through the county attorney as set forth in subsection D above. G. For anv special assessments required to be paid per Chapter 206 that are delinquent as of March 15. 2021. the Department may allow the waiver of penalties and interest as described herein: (1) From March 15. 2021 until close of business. 5:30 pm. on June 14. 2021. the County will waive all penalties and the interest that accrued beyond the original term of the special assessment for any delinquent special assessment account if the property owner pays the outstanding principle balance of the special assessment account in full. plus the initial interest that accumulated during the term of the special assessment. (2) From March 15.2021 until close of business. 5:30 pm. on May 6.2022. the County will waive seventy-five percent of all penalties and the interest that accrued beyond the original term of the assessment so long as the outstanding principle balance and the initial interest that accumulated during the term of the special assessment is paid in full. In order to qualify for waiver under this subsection. the property owner must sign a payment agreement prior to May 6. 2021. If at any time from March 15. 2021 until May 6. 2022. the property owner fails to make payments under the payment agreement. the Department is authorized to seek a final settlement and foreclosure through the county attorney as set forth in subsection D above. H. For any impact fee or special assessment accounts that are delinquent as of month 48 of the impact fee loan or special assessment period. staff shall notify the property owner that the County will pursue foreclosure if the past due amounts are not brought current within 60 calendar days of the notification date. If property owner fails to bring amounts current within 60 calendar days from notification date. the Department is authorized to seek a final settlement and foreclosure through the county attorney as set forth in subsection D above. I. A "Notice of Potential Future Utility Charges" shall be recorded in the public records on any properties where the special assessments under Chapter 206 were not paid in full. Section 3. Codification. It is the intention of the Board of County Commissioners that the provision of this ordinance shall become and be made part of the Indian River County Code, and that the sections of this ordinance may be renumbered or re-Iettered and the word ordinance may be changed to section, article or such other appropriate word or phrase in order to accomplish such intention.