The owner of each lot, parcel of real estate, or building located in Firth Addition area who will utilize the town’s sewage works system shall pay, in addition to all other rates or charges, either:
(A) A surcharge in the amount of $3,090, which surcharge shall be paid on or before the date which is one month after the town has sent notice to the owners that they may elect to utilize the town’s sewage works system; provided, however, in the event an owner elects to utilize the town’s sewage works system at any time after the date which is one month after the town has sent notice to the owners that they may elect to utilize the town’s sewage works system, said owner shall pay, in addition to all other rates and charges, a surcharge in the amount of $3,090 plus interest thereon at the rate of 5% per annum from the date which is one month after the town has sent notice to the owners that they may elect to utilize the town’s sewage works system through the date that the surcharge is paid in full; or
(B) (1) A monthly surcharge in the amount of $20.39 (“monthly surcharge”), which monthly surcharge shall commence on the date which is one month after the town has sent notice to the owners that they may elect to utilize the town’s sewage works system, and shall be paid for a period of 240 consecutive months (the “payment period”). In the event an owner elects to utilize the town’s sewage works system at any time after the date which is one month after the town has sent notice to the owners that they may elect to utilize the town’s sewage works system, said owners shall be required to:
(a) Commence and continue to pay the monthly surcharge through the remainder of the payment period; and
(b) Immediately pay the sum of all monthly surcharges which accrued between the date which is one month after the town has sent notice to the owners that they may elect to utilize the town’s sewage works system, and the date on which the owner’s lot, parcel, or building is connected to the town’s sewage works system, plus interest on said sum at the rate of 5% annum on said sum accruing from and after the date which is one month after the town has sent notice to the owners that they may elect to utilize the town’s sewage works system up to, and including, the date of the payment made for this arrearage.
(2) In the event the owner makes payments under division (B)(1)(b) above, and subsequently desires to retire the remaining balance of the surcharge, said owner shall pay the amount which is set forth in an attachment to the ordinance contained in this section based on the month in which the remaining balance will be paid in full.
(Prior Code, § XI.1)