(A) To ensure that all property owners pay their fair and equitable share of the cost of PSFs, the General Manager may establish reimbursement fee deposit accounts, determine reimbursement fee deposit amounts and collect such reimbursement fee deposits from property owners that apply to connect their property directly to a PSF, prior to adoption of a reimbursement fee for the PSF.
(B) The amount of the reimbursement fee deposit shall be determined by the General Manager by the method at § 31.021, substituting estimates of the costs of engineering, right-of-way, construction and bonds for the PSF in place of the actual costs therefor, when the reimbursement fee applicable to the PSF is adopted by the Board of Directors, the reimbursement fee deposit shall be used to pay the reimbursement fee applicable to the property. Any portion of the deposit, including interest calculated in accordance with Cal. Gov’t Code, § 53079, remaining after payment of the applicable reimbursement fee shall be returned to the property owner. If the applicable reimbursement fee exceeds the deposit, the property owner shall be invoiced by U.S. mail for the difference, and shall pay such amount to the District within 60 days of receipt of such invoice. If no applicable reimbursement fee is adopted within one year of the date of the district’s acceptance of the PSF, the deposit, including interest calculated in accordance with Cal. Gov’t Code, § 53079, shall be returned to the property owner.
(Ord. 2021-01, passed 3-25-2021)