SECTION 14-314.   BILLING REGULATIONS.
   A.   QUARTERLY BILLING. The City Treasurer or other designated person shall compute the amount due to the City for sewerage and water use and render a statement thereof quarterly. All amounts due as described herein shall be payable to the City of Columbus attention City Treasurer or other designated person by the 16th of the month following the date of the bill.
   B.   PENALTIES. A penalty of ten percent (10%) shall be added to all bills not paid by the date fixed for final payment.
   C.   INSTALLMENT PAYMENT FOR SEWER AVAILABILITY CHARGES. Notwithstanding the requirements of Section 14-305.B., the City may enter into an agreement with a residential property owner to defer connection to the public sewer system provided the property owner agrees to make payment of local SAC fees on an installment basis. An installment payment agreement under this section shall include, at minimum: a schedule of installments due at not greater than annual intervals for a period not to exceed five years; a provision terminating the agreement upon failure to comply with the payment schedule; a provision terminating the agreement upon sale, transfer, development, or redevelopment of the property; and a provision terminating the agreement in the event that the property owner does not maintain the septic system in working order or maintain the required triennial pumping reports pursuant to Section 14-645.
 [Chapter 14, Article III § 14-314, added by Ord. No. 06-01, effective March 2, 2006, as amended by Ord. No. 13-04, effective November 7, 2013, as amended by Ord. No. 14-03, effective May 1, 2014.]