(A) All water rights applicable to a specific parcel of land must be utilized to demonstrate a 100-year assured water supply for that parcel, before the developer is allowed to acquire any water rights or credits from the town for that parcel.
(B) Parties seeking access to the town’s water portfolio are required to transfer to the town, at no cost to the town, prior to the recording of final plat, all water rights and credits used by the developer to demonstrate a 100-year assured water supply for that subdivision.
(Ord. 04-578, passed 7-22-2004; Am. Ord. 2022-913, passed 2-22-2022)