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I <br /> The required connection charge may be paid as a base-single paymenI, or may be paid in <br /> installments by payingmaking a down payment of forty (40)-percent and six subsequent annual <br /> payments..., including simple interest at a rate to be determined by the Director of Financial <br /> Management and agreed upon by owner and permittee prior to connection. The down payment <br /> shall accompany the application for the permit to tap or to connect withto the main or lateral. <br /> The succeeding annual installments shall become due, and are payable, on Or before the annual <br /> anniversary date of the application. <br /> S. V1 ENT-. Total prepayment-of all defe,.•crred installments�y a single payment <br /> paid,shall reduee the differ-enee between the total payment by installments apd the base sin& <br /> as folio ONNECTION CHARGg ADJUSTMENT. <br /> The Water Main Connection Charge shall be adjusted annually, at the begitning of each fiscal <br /> year. The adjustment shall be based on the Construction Cost Index for Midwestern cities as <br /> published by Engineering News-Record. <br /> Time of PUfflent of Redaetien <br /> Within90 days ef pem4t date l nnoi <br /> After 90 days of pemik date and before <br /> 1st kistallmenc due date 90 <br /> Between due dates of ist and 2nd installments 70-O <br /> I <br /> Betweendue dates of 2nd and 3rd installments cn% <br /> Between t �ipMallments <br /> Between due dates of 4th and Sth installments 10-4 <br />