If any taxpayer fails to apply for a license or make his return, or to pay the fee or tax therefor, or the cost of any audit required by the city clerk or any part thereof by the due date referred to in ECMC 3.08.050, the city clerk shall ascertain the amount of the fee or tax or installment thereof and/or cost of audit due, and shall add to such amount interest which shall be assessed at 12 percent per annum figured on a daily basis and a penalty of 15 percent of the total amount past due, and shall notify such taxpayer therefor, who shall be liable therefor in any suit or action by the city for collection thereof. The penalty which is assessed shall not be considered as interest. The city clerk shall also notify the city attorney in writing of the name of such delinquent taxpayer and the amount due from him and the city attorney shall with the assistance of the city clerk collect the same by any appropriate means or by any suit or action in the name of the city of Electric City. (Ord. 490 § 1, 2015)