(a) The cost of installing all utility facilities within a subdivision or on property being connected, and the cost of installing all utility facilities between such subdivision or property being developed and the existing facilities of the town, shall be borne by the property being so connected, except as explicitly provided in this Section.
(b) In instances where utility system extensions and facilities provide utility service beyond the scope of a specific development, the developer may request reimbursement from the Town by one or more of the following methods, as authorized by G.S. 160A-320; 160A-499; and Town of Cary Land Development Ordinance Section 3.24.
(1) Oversize Reimbursement. Developers who construct utility facilities in accordance with the Town’s utility master plans, but sized greater than that required for the project being developed, may be eligible for reimbursement. Such “oversize reimbursement” shall be requested during development plan review and will be processed by the Town in accordance with policy statements and/or standard procedures established by the Town.
(2) Fee Credit and Reimbursement Contract. Developers who construct off-site utility facilities, or on-site utility facilities of a regional nature (including pump stations), may be eligible to enter into a fee credit and reimbursement contract with the Town, whereby water and/or sewer system development fees may be waived and costs in excess of those development fees may be eligible for reimbursement by the Town. Such “reimbursement contracts” shall be requested by the developer; shall cover only those utility facilities expressly referred to in the contract; and will be processed by the Town in accordance with policy statements and/or standard procedures established by the Town.
(Ord. No. 2018-Code-03, § 1, 6-28-2018)