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ICABARRUS COUNIYI <br /> I~O~IH CAI{gH~A <br /> <br />TO: <br />FROM:~ <br />DATE: <br /> <br />SUBJECT: <br /> <br />PURPOSE: <br /> <br />JOHN V. WITHERSPOON, COUNTY MANAGER <br /> <br />HENRY F. WALDROUP, UTILITIES DIRECTOR <br /> <br />DECEMBER 28, 1992 <br /> <br />FINANCING ARRANGEMENTS FOR CUSTOMERS UNABLE TO <br />PAY THE WATER/SEWER CONNECTION FEE <br /> <br />To provide a means for low income property owners to <br />connect to water and sewer service. <br /> <br />METHOD: <br /> <br />Verification of need will be established through the <br />Department of Social Services. To qualify a property <br />owner must be receiving or qualify for public assistance <br />or disability. <br /> <br />WATER FINANCING <br /> <br />Qualified property owners would be required to pay $75.00 up front <br />($50.00 security deposit, and a $25.00 set up fee) the remaining <br />$750.00 along with a administrative charge of $150.00 would be <br />financed, bringing the total water connection to $900.00. <br />This amount would be financed interest free for thirty (30) months, <br />establishing a monthly payment of $30.00 in addition to the monthly <br />water bill. <br /> <br />SEWER FINANCING <br /> <br />Qualified property owners that would be allowed to finance the <br />$850.00 sewer connection and a administrative charge of $150.00 <br />bringing the total sewer connection to $1000.00. This amount would <br />be financed interest free for thirty (30) months, establishing a <br />monthly payment of $33.33 in addition to the monthly sewer bill. <br /> <br />WATER AND SEWER FINANCING <br /> <br />Those qualifying for water and sewer connection under this plan <br />would be required to pay $1,900.00, interest free for thirty (30) <br />months, establishing a monthly payment of $63.33 in addition to <br />their monthly water and sewer bill. <br /> <br />If the property owner connects to the system, but fails to pay the <br />monthly payment or the monthly water and/or sewer bill, service <br />would be disconnected in compliance with current County policy. <br /> <br /> Utilities Department <br /> <br />2326 Davidson Highway · P.O, Box 707 · Concord, NC 28026-0707 · (704) 788-8i64 <br /> <br /> <br />