Where water main extensions are required (intersections not included) to reach property requiring a water supply, they may be made upon the approval of the Superintendent of the Water Department, and the deposit by the applicant of an amount equal to twice the water main construction charges established under § 54.152, provided that the minimum deposit shall be based on the number of lineal feet of frontage in the property to be served. This deposit minus the charges established under § 54.152 for each front foot of property frontage requiring service will be refunded to the payer or his or her assigns only if, during the ten years following installation, water main connection charges are collected from other consumers requiring service from this extension, and not otherwise. All extensions thus provided shall be and remain the property of the Water Department and any balance of the deposit remaining at the end of the above mentioned ten-year period, shall become the property of the water department.
('61 Code, § 24.80) (Ord. 257, passed - - ; Am. Ord. 743, passed - - )