A. Permitted: Whenever any intervening property is located between the terminus of an existing service facility and the proposed subdivision, and the intervening property will be benefitted by the installation of any of the required facilities, the subdivider shall pay for having all facilities not installed by a utility company, constructed over, under and/or across the intervening property. If approved by the governing body before approval of the final plat and prior to any construction, the subdivider may enter into an agreement with the city for a partial cost reimbursement, otherwise agreements will be made with intervening property owners.
B. Costs Included In Agreement: The cost of the facilities to be included in the agreement shall be the actual construction cost as determined by competitive bids and shall include all cost for having the facilities installed, including legal, administrative and engineering costs.
C. Proportionate Share Stated: The agreement shall state the proportionate share of the costs to be borne by the subdivider and the proportionate share to be reimbursed to the subdivider from fees collected from the intervening property owners.
D. Charges And Reimbursement: The city shall thereafter enter a deferred credit in its book and records and shall charge the benefitted property owners the fee rates for sewer, water and electrical connections in effect at the time such connections are made. Such fees, not to exceed the maximum stated in the agreement, shall then be returned to the subdivider to reimburse the subdivider for the proportionate share of the costs of the installation of the facilities. The city may also elect to reimburse the subdivider for such "off site" facilities after the subdivider has furnished the city with acceptable evidence that an agreed number of housing units are occupied. No interest shall accrue or become payable on such reimbursement. Engineering drawings showing benefitted property shall be prepared by the city engineer. (Ord., 2-29-1996)