13.14.070 Public sewer connection fee – Reimbursement agreement – Sewer facilities of special importance – Additional specifications on charges.
If the City Council finds that a particular sewer facility is of special public interest because of its major importance to the City, it may, notwithstanding any other provision of this chapter, allow, by resolution, the following:
A. Time for Reimbursement. That the right to reimbursement for any subdivider, or for any individual, firm or corporation, as contemplated in this chapter, may be extended up to 20 years from the date that the sewer facility is accepted as being completed by the City;
B. Interest Added to Charge. That up to seven percent per year of the amount of the charge may be added thereto, but, however, only for the period fixed pursuant to the subsection (A) of this section, and the person who is entitled to reimbursement as contemplated in this chapter shall be entitled to receive such charge and the interest paid thereon. Interest shall be computed on a quarterly basis, and it shall be computed up to, but not including, the quarter in which payment of such charge is paid. (Ord. 2466 § 7, 1991; Ord. 2107 § 1, 1985).