Each assessment established under this chapter shall bear interest from the date of recording of the latecomer agreement or notice of assessment at an interest rate fixed at the federal reserve rate for a two-year treasury note, as determined on the date of recording the latecomer agreement or notice of assessment. [Ord. 2016-09-034 § 1; Ord. 2014-06-033; Ord. 2002-01-001; Ord. 10906 § 2, 1997. Formerly 14.02.120].