§ 7C-6. Repayment.

A. 

For financing awarded under a qualifying program that is funded wholly by a federal grant, the homeowner shall be required to repay 30% of the project cost over a term of five years.

B. 

For financing awarded under a qualifying program that is not funded, or ceases to be funded, wholly by a federal grant, the homeowner shall be required to repay 100% of the project cost over a term not to exceed the weighted average of the useful life of any such improvements made to the subject property, as determined by the Commissioner of the Department of Finance.

C. 

The amount due to the Town of Brookhaven as a result of financing under a qualifying program shall be repaid by the homeowner through a charge on the real property benefited by such financing. Such a charge shall be on the real property and shall be levied and collected at the same time and in the same manner as other municipal taxes, and such charge shall be separately listed on the tax bill for the subject real property.