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2/8/2011 ■ <br /> Process <br /> City will notify affected property owners of the <br /> planned abandonment of the sewer main and that <br /> their existing laterals must be relocated. <br /> 1. Within 45 days: <br /> — the property owner provides information regarding <br /> the existing structure's plumbing and signs a <br /> maintenance lateral agreement <br /> — then City will construct the lower lateral at no cost to <br /> the property owner <br /> 2. After 45 days: <br /> — the offer from the City expires and property owners <br /> will be responsible to construct the lower lateral at <br /> their cost <br /> Process <br /> If the property owner constructs upper lateral <br /> and connects to the new main line; the City will <br /> provide a loan to the property owner equal to <br /> the amount of the construction under the <br /> following option: <br /> 3 year at a simple interest rate of 0.46 %; <br /> equivalent to what the City receives on its <br /> investments <br /> 6 <br />