KRS 184.140: Notice of assessment -- Methods of payment.

The board of directors shall notify each property owner in writing of the assessment made

against him and shall also cause printed notices setting forth the assessments against each

property owner to be posted in at least ten (10) public places along the r oad to be

improved or maintained. The property owner may pay the assessment against his property

in cash without interest within thirty (30) days from the date of the notice, or may elect to

pay the assessment by paying the assessment in ten (10) equal ann ual installments, the

first of which shall be paid within such thirty (30) days without interest, and an agreement

executed to pay the other nine (9) installments annually with interest at the rate or rates or

method of determining rates as the board of di rectors determines, payable annually. The

notice of assessment shall state the terms.