The above "availability costs" shall be strictly non-refundable. If by prior agreement, in order to extend the trunk sewerage system, additional funds are necessary to extend the sewer to the owners of real estate, such additional funds, advanced or contributed by said owners of real estate for the extensions and/or oversizing to meet the requirements of the City of Carmel, are refundable, without interest. However, such refunds may be made only from funds deposited at a future date by owners of real estate benefited under such terms and conditions as the City shall, from time to time, set forth. In no event will any of the City sewage revenues be used, committed, or encumbered to repay any such funds advanced or contributed. It is expressly declared that such repayment, if any, will be made under the provisions of and will be repaid only from funds deposited in the "Interceptor Fund" on the basis of first in, first out. No provision of this section shall be construed as a guarantee by the City of Carmel that the owners of real estate advancing funds will be fully reimbursed therefor.
(`91 Code, § 9-197) (Ord. S-41 (2), § 7.02, 9-4-82; Ord. S-55, 3-15-93; Ord. S-57, 5-2-94; Ord. S-58, 6-20-94; Ord. S-73-11, 2-20-12)