An industrial user may wish to fulfill its industrial cost recovery obligation by making a lump sum payment for its entire share of the cost of construction of the treatment works. Such payments may be accepted by the City and either processed as a normal ICR payment or set aside in a separate account to be drawn on annually for the remainder of the industrial cost recovery period. Lump sum payments shall not relieve an industrial user from the obligation of making additional future payments should its wastewater flow or load increase. Discounts from the total industrial cost recovery requirement shall not be given to industrial users making advanced ICR payments. Any interest earned on ICR payments set aside shall be recoverable in the same manner as if the ICR payments were made as due (40 CFR 35.928-2(a)).
(Ord. 147-80. Passed 4-28-80.)