(a) Except as provided in subsection (b), any person required to pay a system development charge (SDC) shall pay such fee to the City prior to the issuance of a Zoning Permit.
(b) For commercial projects in which the SDC exceeds $3,000 the property owner and tenant may enter into an agreement with the City whereby no more than fifty percent of the System Development Charge may be financed at two percent (2%) per annum through the City with the monthly payment added to the water and sewer bill.
(c) The City of Chardon may cause a copy of the agreement or a memorandum thereof to be filed with the Geauga County Recorder. Failure to pay the additional monthly charge when due shall result in a default under the agreement, and the entire unpaid balance of the SDC shall be certified to the Geauga County Auditor as a delinquency of the payment of a municipal water utility charge and added to the property owner's real estate taxes pursuant to Section 923.901.
(d) (1) For an SDC from $3,000 to $9,999.99 the term may be up to two years.
(2) For an SDC from $10,000 to $49,999.99, the term may be up to four years.
(3) For an SCD in excess of $50,000, the term may be up to six years.
(e) All funds collected shall be identified by the System Development Charge District from which collected and promptly transferred for deposit into the appropriate system development charge account, held in separate accounts as provided in Section 1157.13 (System Development Charge Accounts Established) and used solely for the purposes identified in this chapter.
(Ord. 2741. Passed 9-13-12.)