Installment redemptions are permitted to?

• A. Be limited to a single parcel.
• B. Cannot be amended after initial approval.
• C. Be a general or special resolution for 1 or more parcels.
• D. Require immediate full payment.

Answer: (C)

Installment redemptions are created through a resolution by the governing body, and that resolution can be written to apply to either all applicable parcels (a general approach) or to specific parcels (a special approach). It can cover one parcel or several parcels, giving the municipality flexibility to manage redemptions across multiple properties. This flexibility is why the reminder that installment redemptions can be established by a general or special resolution for one or more parcels is the best description. They are not restricted to just a single parcel, and they allow for payments over time rather than requiring immediate full payment.