Where an existing occupied residential structure for which an occupancy permit has been issued pre-exists the installation of drains by the Township under the provisions of this chapter, owners shall be permitted upon connection to pay fees required under the terms of this chapter in ten equal annual installments commencing with connection and each anniversary date thereon with interest at the rate of eight percent per annum.
In the event the parcel has a pre-existing residential structure for which an occupancy permit has issued and is owned by a person sixty-five years of age or older or by a husband and wife, either of which is sixty-five years of age or older, upon written request by all property owners an election may be made to pay connection fees commencing upon connection and thereafter on annual anniversary installments for a period of ten equal installments without interest. An election may otherwise be made to provide for connection with a lien against the property, with interest at eight percent per annum, due and payable in full upon any transfer or conveyance of the property or any interest therein other than to a surviving spouse upon death, or upon the discontinuance of occupancy by persons making such elections as a principal residence.
Where drains have been installed upon pre-existing owner-occupied residential structures for which an occupancy permit has been issued, and where a combined income of all owners of such property is below twenty thousand dollars ($20,000), as shown by adjusted gross income on the Federal Income Tax Return for the most recent income tax payments may be made in ten equal installments commencing upon connection without interest. Proof of income, including furnishing State and Federal tax returns and other information reasonably required by the Township, shall be furnished as requested.
(Ord. 290. Passed 5-29-91.)