§ 51.105  CONNECTION FEE.
   (A)   The owner of each lot or parcel of real estate connecting to the sewerage system shall pay a connection fee to the town.  The owners of any such lot or parcel of real estate shall have the privilege of making such payment over a period of up to 60 months after connection with an interest charge of 6% per annum on the unpaid balance from the date of connection.
   (B)   In order to obtain payment for the reasonable pro rata cost of providing interceptor sewers and sewage treatment facilities, a developer of any subdivision to be connected to the town sewerage system will be required to pay the Town Subdivision Connection Fee. Further, the subdivider will be required to install local and lateral sewers throughout the subdivision, which meet specifications acceptable to the town. Such local and lateral sewers will become the property of the town upon completion. In the event sewers are constructed as provided in this division, no further payments will be made for connection to the sewer system, except as may be necessary to reimburse the town for costs of labor, materials and equipment in respect to any connections.
   (C)   Fees are listed on the Town of Waterloo's Fee Schedule that may be revised from time to time by the Town Council.
(Ord. 19-01, passed 4-9-19)