(A) All applications for water and sewer extensions outside the corporate limits shall be made in the same manner and under the same requirements as provided for in § 51.59 of this chapter.
(B) If an application is approved by the City Council, the owner shall be required to pay for 100% of the cost of all extensions; provided, the city may participate to the extent agreed upon by the City Council in the cost of larger size mains which are in excess of the size mains required to serve the project. No reimbursement shall be made upon annexation and all water and sewer lines connected to the city system and located outside the corporate limits shall become the property of the city at the time such facilities are connected.
(C) Prior to the beginning of any construction, the owner shall deposit with the city funds in the amount equal to the estimated cost by the city of such extensions. Upon receipt of such funds, a written contract shall be entered into by and between the city and the property owner in accordance with the requirements of this subchapter. Such contract shall provide that in the event the amount of the total funds deposited exceeds the amount of the total cost of the extension, the remaining funds will be refunded to the owner without interest. Such contract shall also provide that if the amount deposited is less than the total cost of the construction, the owner shall pay such additional amount to the city.
(D) In lieu of depositing funds, the owner or may execute a surety bond guaranteeing payment for such extension or the owner may have such extension work performed under private contract with the approval of the City Council, provided the work is to be performed in accordance with all construction requirements of the city and subject to inspection and approval of the city.
(E) In the event the property for which application has been made for water or sewer service is contiguous to the corporate limits and the owner of such property agree to annexation, and in the event such property is annexed to the city, extensions may be made to such property and the cost thereof financed in accordance with the requirements of § 51.59 of this chapter.
(2005 Code, § 90-80) (Ord. passed 11-6-1967; Ord. passed 1-5-1976)