Am I paying interest to spread payments out over three years?

Yes, at an annual rate of 1.5%. The monthly payments come out to $306.72, or $6.72 of interest.

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1. Why is the City doing this?
2. I received a water meter bill but I no longer own this property. Now what?
3. I’m a property owner who did not receive a water meter bill. I think I should have. What do I do?
4. I already have or paid for a water meter. Why am I being charged again?
5. I already paid an extra $300 with my monthly utility bill. Why did I get another bill?
6. My property doesn’t receive City water service. Why did I receive a bill?
7. I have a duplex/triplex/fourplex. How does the meter program address my property?
8. I don’t have $300 to pay by the end of June, but I don’t want to spread my payments out over three years. Can I pay more than $8.52 a month?
9. Can I start payments later than July, or make payments smaller than the $8.52 a month?
10. The house that used to be on my property received City water service, but it was demolished and now the parcel is vacant. Do I pay the meter bill I received?
11. Why is the City placing a lien on my property if I don’t pay $300 by the end of June?
12. Will the lien be reported to a credit reporting agency?
13. Why can’t the City pay for the meters?
14. This is the first I’ve heard of the water meter program. When was this decided?
15. When will I know when my meter is being installed?
16. I live on a parcel with two homes. I reside in one and rent out the other. Will I receive two meters?
17. Why do I have to pay the bill now when the meter won’t be installed for several years?
18. Am I paying interest to spread payments out over three years?
19. So do I get interest on my $300 payment if my meter isn’t being installed for several years?
20. When will I pay a metered rate?
21. I’m about to lose my home to foreclosure. Do I still have to pay?
22. How will the City know if all properties have paid their water meter bills?