Yes, that is what mine is like. There should be a valve on the bottom that you can open to drain the water. Actually, although I keep an eye on mine I have yet to actually have to use it in over a year. I only fuel at busy truck stops though, to be sure I get fresh fuel, so maybe that helped minimize the water problem. I was also cautioned not to drain more than a half cup at a time without starting the engine.
2005 Beaver Monterey Laguna IV
C9 400hp Allison Xantrex RS2000 Onan Aqua Hot CRV