A. The following exceptions shall apply, when and only when, a property owner signs an agreement agreeing not to protest the formation of a municipal underground utility district and further agreeing to prepare said property to accept underground utility lines in accordance with the applicable rules of the utility involved. Said agreement shall be recorded as an encumbrance against the land.
1. Existing overhead distribution lines will be permitted to remain in areas where these distribution lines have existing overhead service lines to adjacent lots.
2. Existing overhead distribution lines will be permitted to remain for developments consisting of three (3) lots or less that do not exceed six hundred (600) feet of frontage.
B. The enlargement of fifty percent (50%) or less of the total square footage of industrial or commercial buildings shall not be subject to any of the requirements of this Chapter.