2620

COUNTY LOCAL LAWS

the expiration of one year from such date, hearing
interest on the unpaid balance at a rate to be
determined by the controller predicated upon the then
current rate on invested county funds. The capital
connection charge for existing structures may likewise
be so paid in full on date of application, or at his
option, the applicant may elect to pay [such] THE SUM
OF THE USER AND THE capital connection charge in
[forty-eight (48) ] SIXTY (60) monthly installments, or
in [four] FIVE (5) equal consecutive annual
installments, tearing interest on the COMBINED unpaid
balance at a rate to be determined by the controller
predicated upon the then current rate or invested
county funds [ , the annual installment to]. ANNUAL
INSTALLMENTS SHALL re billed and payable ON THE
ANNIVERSARY OF [with the first special benefit
assessment charge due on such property upon the
expiration of one year from] the date of [such]
application FOR CONNECTION, OR IF MONTHLY INSTALLMENTS
WERE ELECTED BY THE APPLICANT, MONTHLY INSTALLMENTS
ARE DUE AND PAYABLE EACH MONTH BEGINNING ONE (1) MONTH
FROM THE DATE OF APPLICATION FOR CONNECTION, [and the
remaining installments to be similarly billed and
payable annually thereafter] provided that no
applicant owning other than existing single family
dwelling units may pay the capital connection charge
in installments unless said applicant has first
submitted written evidence satisfactory to the
controller that said applicant cannot obtain private
financing. Any of such installments may be prepaid at
any time.

(h) Such installments, and the interest thereon,
shall constitute liens on the property charged until
paid and any such installment not paid within sixty
days of its billing date shall [bear penalty at the
rate of one—half per cent per month until paid], AT
THE OPTION OF THE CONTROLLER, CAUSE THE ENTIRE UNPAID
BALANCE TO BE IMMEDIATELY DOE AND PAYABLE. The lien of
such unpaid installments shall be subordinate only to
the lien of state and county taxes and special benefit
assessments and payment thereof shall be enforced at
the same time and in the same manner as such taxes and
assessments. Upon the institution of any foreclosure
or tax sale proceedings or title transfer by deed as a
result of sale with respect to a property subject to a
lien for such installments, the unpaid balance thereof
shall become immediately due and payable.

(i) If application for connection of an existing