Sec. 18.1-66. Installment payment of connection fees.

(a) Owners of single family detached dwellings having access to facilities of the county may elect to pay all or part of the connection fee in installments. The connection fees provided for in this article may be paid in installments pursuant to a contract the form of which has been approved by the county attorney. Such contracts shall provide for not more than twelve (12) bimonthly installments and shall provide for interest on the unpaid balance at ten percent (10%) per annum. A down payment may be made, but it shall result in a remaining balance which is a multiple of one hundred dollars ($100.00). The first bimonthly payment will be billed at the end of the next full utility billing cycle following execution of the installment contract by the owners and will be due within thirty (30) days of the billing date. The unpaid principal may be paid in full without penalty at any time.

(b) Owners for whom connection is not required, but who choose to pay the applicable connection fee, may contract to pay all or part of such fee in installments. Such contracts, which shall be approved as to form by the county attorney, shall provide for not more than eighteen (18) bimonthly installments and shall provide for interest on the unpaid balance at ten percent (10%) per annum. A down payment may be made, but it shall result in a remaining balance which is a multiple of one hundred dollars ($100.00). The first bimonthly payment will be billed at the end of the next full utility billing cycle following execution of the installment contract by the owner and will be due within thirty (30) days of the billing date. The unpaid principal may be paid in full without penalty at any time.

(c) If any installment is not paid when due, the entire remaining balance shall be immediately due and payable. In the cases where initial connection fees were charged pursuant to section 18.1-62(a) or (c) of this chapter, the initial connection fee shall be forfeit and the regular connection fee, against which the previously paid principal shall be credited, shall be immediately due and payable.