Notwithstanding Section 919.04, a water and/or sewer tap-in permit may be issued to an applicant who has signed the necessary documents and secured the payment of a water and/or sewer utilization fee by mortgage note and necessary mortgage deed for the subject premises, or in situations where a lessee is obligated to pay such fee, such notes and other security instruments as deemed to be sufficient by the City's Director of Law. Installment payments shall be made in accordance with the following payment schedule:
(a) Residential Premises. One quarter of the total utilization charge paid in cash at the time of application for tap-in and the remaining balance due two years from the date of application for such tap-in.
(b) Commercial Premises. One quarter of the total utilization charge paid in cash at the time of application for tap-in and the remaining balance due four years from the date of application for such tap-in.
(c) Industrial Premises. One quarter of the total utilization charge paid in cash at the time of application for tap-in and the remaining balance due ten years from the date of application for such tap-in.
The note and mortgage shall contain such provisions as the Director of Law finds appropriate to protect the interests of the City. After the required instruments are signed and properly recorded, processing and issuance of the tap-in permit for the subject premises shall be completed.
The Director of Budget and Finance shall be authorized to establish specific repayment schedules within the time frames established herein as shall be mutually agreeable between the Director of Budget and Finance and the property owner or lessee.
(Ord. 2011-23. Passed 4-20-11.)