The development, improvement and expansion of property in the city is to be encouraged where such development, expansion and improvement will result in an increase in revenue to the city by virtue of increased real property taxes attributed to such property. When the City Council deems a project presented to be in the public interest the city may participate in the costs associated with the extension of water and sewer facilities to serve such projects within the corporate limits of the city. The participation by the city shall include all portions of the project that would be the property of the city.
(Ord. passed 8-22-94)