A.    Eligibility — Terms. If a property owner shall make application to the municipal water utility for service to a single-family dwelling, and if the property owner's household shall qualify as a low income household under the terms and conditions set out below, at the time application for such service is made, or on or before the date such property owner shall be required to connect to the water system of the municipal water utility, the municipal water utility shall permit the assessment charge and the installation and tap-on charge prescribed by Section 13.12.020, with interest as herein provided, to be paid in a maximum of one hundred twenty equal, consecutive monthly payments, which shall include interest and principal, commencing before connection is made. Interest is to be computed monthly, upon the principal sum unpaid at the beginning of each monthly period. The rate of interest is to be that rate in effect at the time of the application, as established by the utility service board from time to time. The deferred payments on such assessment, installation and tap-on charges shall be evidenced by a promissory note.

    B.    Refund. Such assessment, installation and tap-on charges shall not be refunded to such applicant.

    C.    Definition. For the purposes of this section, the "property owner's household" includes the property owner and all persons who have, as their principal place of abode, the home of the property owner.

    D.    Determination of Eligibility. For the purposes of this section, the determination as to whether a household qualifies as a low income household shall be made as follows: the size of the household shall be determined. If the aggregate annual income of the household does not exceed the percentum of the medium income of the city, as determined from the most recent United States Bureau of the Census figures, designated for that size household in the table following, the household shall qualify as a low income household under this section:

    10 or more            80%

    9                78%

    8                75%

    7                73%

    6                70%

    5                65%

    4                60%

    3                55%

    2                50%

    1                43%

    For the purposes of this section, "aggregate annual income of the household" means all salaries, wages, pensions, welfare payments, interest, dividends, rents, social security payments or other monetary benefits received by all members of the household in the most recent calendar year prior to the date on which application for water service is made.

    E.    Statement of Sources — Verification. An applicant under this section shall provide, at the time of such application, a verified statement of all sources of aggregate household income and shall sign a form of authorization for verification of income, as prescribed by the utility service board. (Prior code § 33-8)