(A) Extensions to existing lots, parcels or developed property.
(1) When application is received requesting the extension of water or sanitary sewer service or both to serve property, within the corporate limits, which is developed or where streets have been previously dedicated and accepted by the town, and where the area is not part of a new subdivision, the Town Engineer shall estimate the cost of the project and present the application for the extension, the estimated cost and other required information to the Council for consideration. If the application is approved by the Council, and subject to the availability of funds, the town will install, the extensions which have been approved, and the extensions shall be financed in accordance with this section.
(2) When an approved water or sanitary sewer extensions project has been completed and the total cost thereof has been determined, 75% of the total cost of the water or sanitary sewer extensions or both shall be assessed against owners of benefited property. In determining the basis for making the assessment, the Council may consider any pertinent information regarding the particular extension, and may utilize any formula or basis permitted by G.S. § 160A-218 and under the authority granted to the town by G.S. § 160A-216.
(3) A property owner shall have the opportunity to pay the assessment after the assessment roll is confirmed rather than paying his or her share in equal annual installments with interest as required by the statute.
(4) When the town determines that it is advisable to install larger size lines or facilities than are necessary to serve the benefited property, the difference in the cost of the larger size facilities over the cost of the facilities required to serve the benefited property the extensions may be paid by the town and excluded from the total cost to be shared by the property owner(s) and the town as provided herein.
(B) Extension by the Council's initiative. Nothing in this chapter shall prevent the Council from extending water or sanitary sewer mains or both within the corporate limits on their own initiative without receipt of an application from property owners and to assess the cost of such extensions in accordance with state statutes when, in the opinion of the Council, the general public interest requires such extensions of service.
(1989 Code, Title III, Ch. 30, § 4-3) (Ord. passed 7-10-1990; Ord. passed 2-10-2009)