The City Manager may sell combined sewer and water "tap-ins" in advance of the necessity, therefore, upon the following terms and conditions:
(a) The reserved "tap-ins" shall be sold subject to the contingency that the water plant capacity shall be substantially increased. Should the said expansion not occur, the purchase shall be rescinded and purchase costs required.
(b) The said sales of reserved "tap-ins", added to existing usage shall not exceed three- fourths of the estimated plant capacity as determined by the City Engineer, using peak flow.
(Ord. 20-98. Passed 5-19-98.)
(c) Commitments for advance sale shall be received by September 10, 1998, shall be publicly announced, and shall be available on an equal basis at the current rate. Payment shall be made by January 25, 1999, if, at which time a contract has been signed with a general contractor. If said contract is signed after January 25, 1999, purchasers shall have until ten days after signature of such contract to make payment.
(Ord. 45-98. Passed 9-1-98.)
(d) The reserved "tap-ins" shall be valid for a period of five years of the date of this section. If not used within said period, the reserved "tap-ins" will float to the rate for "tap-ins" then in effect and any increase in the "tap-in" fee shall be paid before service is connected.
(e) Persons holding reserved "tap-ins" may assign the same in writing at the City rate or transfer with the lot by written assignment.
(f) The person must use reserved "tap-ins" before being issued additional "tap-ins".
(g) A "tap-in" for a water permit shall be defined for purposes of this section as a "SFE" or single family equivalent based on 400 gallons per day. "SFE"s may be combined for business or industrial use.
(h) If any moratorium on water permits is imposed, the five years would be extended to match the time of the moratorium.
(Ord. 20-98. Passed 5-19-98.)