(A) The city will construct extensions to its water lines to points within its service area, but the city is not required to make those installations unless the customer pays to the city the entire cost of the installation.
(B) All line extensions shall be evidenced by a contract signed by the city and the person advancing funds for the extension, but each contract shall be null and void unless approved by the Farmers Home Administration and other governing bodies.
(C) If refund of the advance is to be made, the following method shall apply: 20% of the total gross revenue of water sales per year for each service connected to the new extension prescribed in the agreement, for a period not to exceed five years, provided that the aggregate payments do not exceed the total amount deposited.
(D) No refund shall be made from any revenue received from any lines leading up to or beyond the particular line extension covered by contract.
(E) All decisions in connection with the manner of installation of any extension and maintenance thereof shall remain in the exclusive control of the city and the extension shall be the property of the city and no other person shall have any right, title, or interest therein.
(Ord. 3-14-78-2, passed 3-14-1978)