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A. The system development charges for new sewer service or exchange services shall be determined by the adjusted size (not including standby fire protection for single-family residential) of the water service serving the premises and shall be imposed as follows:

1. Beginning on January 1, 2008, and continuing thereafter, the charge shall be:

Water Service Type

Sewer System Development Charge

Single-Family Residential

$5,536.00

3/4" meter

$8,304.00

1" meter

$13,840.00

1-1/2" meter

$27,680.00

2" meter

$44,288.00

3" meter

$88,576.00

4" meter

$139,400.00

6" meter

$276,855.00

8" meter

$442,969.00

10" meter

$692,139.00

2. Beginning on January 1, 2009, and continuing thereafter, the charge shall be:

Water Service Type

Sewer System Development Charge

Single-Family Residential

$7,637.00

3/4" meter

$11,456.00

1" meter

$19,093.00

1-1/2" meter

$38,185.00

2" meter

$61,097.00

3" meter

$122,193.00

4" meter

$190,927.00

6" meter

$381,911.00

8" meter

$611,058.00

10" meter

$954,778.00

For meter sizes greater than four inches, the system development charge may be adjusted if it can be shown through an engineering analysis that the actual meter flow equivalents are less than shown above. For industrial connections, the system development charge shall equal the anticipated peak daily flow divided by 405, times $2,750.

B. The connection fees hereunder shall accrue interest at the rate fixed at the federal reserve rate for a 10-year treasury note, as determined on the recording date of the statement of intent to collect; provided, that interest shall only be accrued for a period not to exceed 10 years; and provided further, that no interest shall be collected within the first 90 days of recording of the statement of intent to collect; and provided further, that the aggregate amount of the interest shall not exceed the equitable share of the cost of the system allocated to a given property owner.

C. Where a property owner is eliminating a septic system and connecting to a sanitary sewer for a single-family residence, the system development charge rates shown in subsection (A) of this section shall be reduced by 80 percent. [Ord. 2011-03-008; Ord. 2008-02-015; Ord. 2007-12-108; Ord. 2004-10-071; Ord. 2003-10-069; Ord. 2002-01-002; Ord. 9846 § 7, 1988; Ord. 9738 § 2, 1987; Ord. 9618 § 21, 1986; Ord. 9371 § 1, 1984; Ord. 8982 § 56, 1981].