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Financing plan to pay for water meter system upgrade approved

Posted by: Maven on March 19, 2010 at 5:27 am

From the Stockton Record:

“Property owners in Lodi who must pay to upgrade their water service to a meter-based system will have the option of financing the expense over seven years. The Lodi City Council endorsed the proposed payment plan late Wednesday.

Homeowners also will be allowed to pay in a lump sum next year, and low-income residents may be eligible for payment assistance.

Councilwoman JoAnne Mounce, who voted against the payment plan, said she opposes the water meter program but appreciates city officials’ effort to spread out the cost over several years.

“Thank you for finding a way to soften this tremendous blow to the head,” she said. … “

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