(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 Certificate.
(b) For commercial projects in which the SDC exceeds three thousand dollars ($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 three thousand dollars ($3,000) to nine thousand nine hundred ninety-nine dollars and ninety-nine cents ($9,999.99) the term may be up to two (2) years.
(2) For an SDC from ten thousand dollars ($10,000) to forty-nine thousand nine hundred ninety-nine dollars and ninety-nine cents ($49,999.99), the term may be up to four (4) years.
(3) For an SCD in excess of fifty thousand dollars ($50,000), the term may be up to six (6) 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 1167.13 (System Development Charge Accounts Established) and used solely for the purposes identified in this chapter.
(Ord. 3273. Passed 5-9-24.)