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(3) At % the initial period of elicitation, the regular <br />tap-on fee will be: <br />TERMS <br />Cash Monthly No. of <br />Meter Size Cost Payment Payment Payments <br />3/4" Tap $1,000 $300 $25 32 <br />l' Tap 1,200 <br />1 1/2" Tap 2,000 <br />2" Tap 3,000 <br />(4) A tap is not considered established until final <br />deferred payments have been received. Failure to pay <br />monthly charges may negate any accrued equity in the <br />tap and prompt discontinuation of service until all <br />deferred payments have been received in full. <br />(5) Tap fees to serve rental property are not eligible for <br />repayment on a deferred basis. <br />(6) Tap fees that are repaid on the deferred basis are not <br />eligible to be transfered from one owner to another. <br />If the property is sold or rented the entire unpaid <br />portion of the tap fee becomes due and payable. <br />(7) A 108 (ten percent) interest rate will be charged on <br />outstanding balance of the deferred tap amount. <br />III. APPLICATION FOR SERVICE <br />A. Service will be supplied to those who front on lines of the <br />County Water System. <br />B. Customers will make application for service, in person, at the <br />Lee County Grants Administration office located in the County <br />Office Building. When filing the application, the customer <br />will furnish all required information along with the guarantee <br />deposit. <br />C. The County may <br />available under <br />service cost, or <br />other customers <br />good and suffici <br />refunded. <br />reject any application for service not <br />a standard rate or which involves excessive <br />which may affect the supply of service to <br />or for giving false information or for other <br />ent reasons, in which case the deposit will be <br />D. The County may reject any application for water service when <br />the applicant is delinquent in payment for previously supplied <br />water from the county water system or any past due payment on <br />the tap fee agreement. The County shall not be required to <br />render water service to anyone at the said location until the <br />property owner has arranged for payment in full for any past <br />due water bill or tap fee payment. <br />IV. DEPOSIT <br />A. All customers will make a minimum cash water deposit of thirty <br />