(A) Lateral connection charges. No permit shall be issued to tap or connect with any watermain of the city either directly or indirectly from any lot or tract of land unless the City Clerk shall have certified:
(1) That the lot or tract of land, or portion of said lot or tract, to be served by such connection to tap has been assessed for the cost of construction of the watermain with which the connection is made; or
(2) If no assessment has been levied for said construction cost, that proceedings for levying such assessment have been or will be commenced in due course; or
(3) If no assessment has been levied, and no assessment proceedings will be completed in due course, that a sum equal to the portion of cost of constructing said watermain has been paid to the city as a lateral connection fee. The amount of the charge shall be automatically adjusted each year on January 1 to reflect construction cost changes in the local Minneapolis region as evidenced by the Engineering News-Record Construction Cost Index.
(B) Upon written request of the owner of the benefited property showing good cause, the City Council may provide that the lateral connection charge be specially assessed against the benefited property payable in semiannual installments for a term of eight years at an interest rate set by the City Council. Unless deferred payment is so authorized, all connection charges shall be payable in full prior to the issuance of a building permit.
(Prior Code, § 3.10, Subd. 11) (Ord. 325, passed 12-4-2012)