5. INITIAL REGISTRATION FEE; ANNUAL REGISTRATION FEE;
5. INITIAL REGISTRATION FEE; ANNUAL REGISTRATION FEE; FAILURE TO PAY When registering Distressed Property pursuant to this Bylaw, the Owner of the Distressed Property shall pay to the Town, together with the submission of any registration forms, fees to be set by the Board pursuant to G.L. c. 40, § 22F to cover the administrative cost of monitoring and ensuring the security and proper maintenance of such Distressed Property. All registration fees, fines and other charges due and payable to the Town pursuant to this Bylaw shall be due and payable regardless of the delivery by the Town or receipt by any Owner of any billing statement or other notice of such fees, fines or other charges. Failure to pay any fees as required by this Bylaw shall be a violation of this Bylaw, and the full amount of all unpaid fees due under and fines issued for violations of this Bylaw not paid by the date due shall constitute a “municipal charges lien” on the Distressed Property in accordance with G.L. c. 40, § 58.