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/ ( <br /> ; .� EXHIBIT A <br /> (a) No initial payment is required to accompany the application for <br /> connection. <br /> E u I <br /> b a , annual a ments over the term of the contract to ether with <br /> ( ) q P Y 9 <br /> interest on the unpaid balance computed and compounded annually with the first <br /> of the annual payments due one year from the date the contract is signed and <br /> each successive payment due one year from the previous payment until the full <br /> amount of the installment payment contract is paid in full. The interest rate shall <br /> be that established using the method described in this section. I <br /> (c) Upon the failure of any installment to be timely paid, the entire <br /> deferred balance plus interest shall become immediately due and payable. <br /> (d) The property owner may at any time pay off such contract without <br /> penalty and that upon any sale or transfer of ownership of the property the <br /> property owner may pay off such contract in full or transfer the contract to the <br /> new property owner; and, <br /> (e) Upon full payment of the contract the Finance Director shall have <br /> cause to have mailed to such property owner notice that the contract is paid in <br /> full. <br /> The provisions of this section are only to provide an alternative for eligible <br /> property owners and they may choose to pay such charge in full at the time of <br /> application. <br /> (AMENDED, Ordinance No. 2004-24, March 15, 2004) <br />