§ 76.04. Application of connection charges.

All sewer connection charges received under the terms of this chapter shall be paid into the permanent improvement revolving fund with such funds being applied towards the financing of sewer projects throughout the city. All deposits made under the terms of section 76.01 through 76.031 shall be credited towards payment of any future assessments for an abutting sanitary sewer which may be levied on the property for which the deposit was made subject to the following:

(1)

Those who pay the connection charges due in one (1) lump sum shall receive credit applied in the amount equal to the current rate of deposit in effect on the date such credit is applied;

(2)

Those who elect to pay the connection charges due over time, pursuant subsection 76.031(b), shall receive credit only in the amount originally due on the date of the election.

(Code 1956, § 230.04; Ord. No. 17046, 8-23-83; C.F. No. 92-958, § 4, 7-28-92)