§ 33-2-802. WATERWAY IMPROVEMENT FUND - SPUR DREDGING.

(a)

Loans authorized. A residential property owner abutting a channel adjacent to a main channel or harbor whose property has been included in a waterway improvement district by the county may apply for an interest-free loan to dredge the adjacent channel or spur.

(b)

General terms.

(1)

The property owner shall certify the cost of the dredging to the Director of Budget and Finance.

(2)

The assessment under subsection (c) of this section shall constitute a lien on the property until the loan is repaid.

(c)

Repayment.

(1)

(i)

On application, the county may provide for the repayment of a loan under this section in up to 10 annual installments.

(ii)

Installment payments are not allowed unless under an agreement between the property owners and the county before performance of the work.

(2)

The Director of Budget and Finance may add one-tenth of a spur dredging assessment with no interest to the tax bill for the property for each of the next succeeding 10 years.

(3)

The Director of Budget and Finance shall collect the assessment in the same manner and at the same time as state and county taxes are collected.

(4)

The property owner may accelerate the payments without penalty or discount.

(5)

If the property owner sells or conveys the property, the total charges then due shall be paid in full.

(1988 Code, § 14-258) (Bill No. 10-96, § 2, 3-23-1996; Bill No. 49-96, § 6, 7-1-1996; Bill No. 94-02, § 2, 7-1-2004)