In the event that the taxpayer commits an act of fraud upon the city, the city shall be entitled to assess a fraud penalty of one hundred dollars or one hundred percent of the taxes owed, whichever is greater. Such penalty shall be in addition to any other penalties to which the city is entitled under this chapter. An additional three percent per month penalty on the amount of fraud penalty shall be added from the date the penalty was due until it is paid. (Ord. 1993-7 Exh. B (part))