A. Water Service Laterals. The abutting property owner shall be assessed the entire cost of the service laterals to a point two feet beyond the property line of each lot.

B. Water Mains.

1. The owner of undeveloped property shall be assessed one-sixth of the total cost at time of installation. The remaining one-sixth shall be paid by the property owner at time of sale of the property in question. Or, when water service is requested for the property in question, whichever comes first.

2. If a water main larger than six inches in diameter is required, the assessment shall be based on the cost prorated to a six-inch main.

C. Sewer Lateral. The abutting property owner shall be assessed the entire cost of the service lateral to a point two feet beyond the property line of each lot.

D. Sewer Mains.

1. The owner of undeveloped property shall be assessed one-sixth of the total cost at time of installation. The remaining one-sixth shall be paid by the property owner at time of sale of the property in question. Or, when sewer service is requested for the property in question, whichever comes first.

2. If a sanitary sewer main larger than eight inches is required, the assessment shall be based on the cost prorated to an eight-inch main.

E. Corner Exemption. When water and/or sewer main is constructed along the side of a corner lot, and the property owner has been previously assessed for the service on his frontage, the cost of the installation along the side lot shall be borne by the city of Juneau. Furthermore, regardless of the side the property owner is serviced by, the assessment of the service will be assessed on the frontage.

F. When Special Consideration is to be Given. Lots or parcels with unusual shapes or multiple frontages shall be given special consideration by the council. The assessments for such parcels shall be set by the council as close to the provisions of this section as possible.

G. Payment of Assessment.

1. Assessments may be paid in full or in five, eight or ten annual installments.

2. Interest rates shall be the prevailing interest rates available to the city for borrowing money at time of construction. That interest rate shall be applied per annum on the unpaid balance.

3. If the total assessment for any single improvement exceeds five hundred dollars ($500.00) for a parcel, they may be made in five, eight or ten annual installments. (Prior code § 5-2-2)