(A) When a request is made for the extension of wastewater service, the town may, if funds are available, pay a portion of the cost of the extension, not to exceed one-half, if the owner or owners of the property which abuts the extension will pay the balance of the cost of the extension. In approving requests for wastewater service extensions under this subchapter, the town will take into consideration the feasibility of each situation separately, basing approval on the number of units or users to be served and other factors as appropriate.
(B) When a request for the extension of wastewater services has been approved, and the project has been completed, the total cost thereof shall be determined, and the portion of the total cost to be paid by the property owner or owners whose property abuts the extension shall be assessed at an equal rate per front foot. The remaining portion of the total cost of the extension project will be paid by the town from funds appropriated for such purpose.