Amend Chapter 17, Add new Article 9 for Universal Water and Sewer Main Line Installation Construction Charges

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Section 17-72 Methods of Payment Prepayment with Discount Installment Plan (a) The property owner may pay all charges in full prior to time the installation work is commenced. Prepayment of expenses in advance under this Section shall entitle the owner to a 10% discount of the total charge. (b) A single family residential property owner may pay the charges under this Article by 60 monthly installment payments with interest at the rate of 2% below the City's prime borrowing rate established by the Board of Public Works by December 1 of each year for the following calendar year. The interest at the commencement of the residential owner's sixty month payment plan shall be constant throughout the sixty month term. The installment payment under this Section shall be added to the monthly sewer/water bill and paid in the same manner and under the same conditions as the monthly water service charges. However, a subsequent owner shall pay in a lump sum at the time of sale of the water and or sewer served property any balance remaining on the previous owner's obligation for sewer and/or water main extensions under this Section. (c) Notwithstanding the foregoing, an owner of vacant property served by a sewer and/or water main installed by the City shall fully assume and pay the maximum construction charge assessable under this Article upon construction of any improvement to the vacant land. If the land is in the City limits at commencement of construction, City rates shall apply. If the land is outside City limits at the commencement of construction, non-City rates shall apply. Section 17-73 Waiver of Annexation and City Compact Fees (a) Inconsideration for the City's extension of sewer and/or water main lines to areas outside City limits, the owner of any such property located outside City limits who wishes to connect to a City main line shall execute a waiver of right to remonstrate against annexation as a condition of tapping into the City's main line. (b) As a further condition ofnon-resident tap in to City sewer and/or water main lines, anon- residentproperty owner shall pay a compact fee annually to the City for one utility (whether sewer or water service) which compact fee is 30% of the difference between the County and City tax rates. If two utilities (both sewer and water service) are used, then the annual compact fee shall be 50% of the difference between the County and City tax rates. Section 17-74 Prior Contracts Unaffected The rates set forth in this Article shall not apply to user contracts executed with the City prior to the effective date of this Article. For all such users, the contract rate shall apply and the terms of the contract shall supersede this Article. Section 17-75 Board of Works Rate Modification The Board of Works shall, as needed, recommend any modification to the rates established in this Article to reflect fluctuations in construction costs.