Should water facilities installed pursuant to § 52.101(C) be installed in such a manner as to provide water service to a property not participating in the construction cost, the Utilities Manager may enter into an agreement for partial refund of the cost of the facilities so installed.
(A) In no case will the agreed refund amount exceed the total funds to be collected as authorized in § 52.101(C).
(B) Such refunds shall continue for a maximum period of 15 years from the date of the agreement. Any balances remaining unpaid shall be considered canceled, and the town shall be fully discharged from any further obligation under the agreement.
(Ord. O2007-09, passed 5-21-07; Am. Ord. O2009-02, passed 3-2-09; Am. Ord. O2011-03, passed 2-7-11)