In the event the city council elects not to extend the sewage collection or water system, the city council may enter into an agreement with any owner of the land benefited by such extension (hereinafter "developer"), whereby the developer will complete the extension at the developer's expense, pursuant to this chapter and subject to reimbursement as provided for herein. The terms of the agreement shall be approved by the city council and shall specify the cost of the extension of the city's sewage collection or water system, shall specify the method of allocating said cost to all benefited properties, shall provide that the cost of said extension will be borne by the developer, shall describe the properties benefited by the extension and shall provide that the extension shall be constructed in accordance with all applicable laws, ordinances and government regulations and shall conform with such specifications as the city public works director may deem necessary to ensure that such extensions adequately service the affected area and are compatible with all existing and planned sewage collection or water systems. (Ord. 435 §1, 1995)