(a) The connection charges provided for in Section 722.02 hereof must be paid in cash, or by certified check payable to the City, at the time the permit is applied for except that if such connection charges total an amount equal to or greater than twenty-five hundred dollars ($2,500), the applicant may choose to pay such charges in installments over a period of years in accordance with the following provisions of this section. Should the applicant in such cases, at his option, choose to pay the total charge in installments, the Director of Finance shall calculate the installment payment by multiplying the total charge by 1.54 to offset interest charges to the City, and the total so calculated and divided by fifteen shall be the annual installment payable over fifteen equal annual installments. The Director of Finance, with the assistance of the Director of Public Service and Properties, shall cause the annual installments so calculated to be billed and collected in the same manner as sewer service charges are billed and collected.
(b) If the applicant, after electing to pay the connection charge over a fifteen-year period, desires to pay off the balance of the connection charge, the applicant shall be entitled to do so without prepayment of interest penalty. The applicant must, however, notify the City of his intention to pay the remaining balance not sooner that the yearly anniversary date of the subject charge.
(c) Every installment of connection charges which has become due and payable and has remained unpaid after July I of each year, together with a ten percent (10%) penalty thereof, shall be certified by the Director of Finance to the County Auditor on or before the second Monday of September of each year together with a pertinent description of the premises to which the connection charge has been made. The amount so certified shall be placed by the County Auditor on the tax duplicate of Cuyahoga County to be collected as taxes are collected. In addition to such collection procedure, any such unpaid amount may be collected through civil action brought in the name of the City of Seven Hills in any court of competent jurisdiction.
(Ord. 99-1992. Passed 12-14-92.)