(A) Charges. For all properties where a dedicated public sewer exists in a public right-of-way or easement, but the public sewer was not constructed under Barrett Law, the property owner shall pay the following fees prior to connecting to the POTW:
Public sewer construction cost per linear foot | $60.00* |
Connecting fee, each | $160.00 |
Sewer lateral, each | $160.00 |
* Maximum linear foot charge of $7,500 for each single-family, owner-occupied residential property. | |
(B) Interest. During December of each calendar year, the Board shall establish the interest rate for the following year as the prime rate published on the first day of December of the current year plus 1 percentage point (prime rate + 1%). The interest rate set by the Board for that year shall apply to all installment contracts entered into that year by property owners and the city. The initial interest rate shall continue for the life of each contract initiated in that year.
(Ord. 5286, passed 12-19-2011)