Should the petitioner be required to extend to the subdivision site improvements such as extensions of water and sewer lines owned by the city which may provide benefits to other properties in the vicinity of the proposed subdivision, then the petitioner and city may, by contract, agree that the other property owners in the vicinity of the subdivision who wish to connect to or utilize the installation provided by the petitioner shall pay the city over a 15-year period a fee in an amount agreed to by the contract and that portion of said fee shall be rebated to the petitioner in annual installments.
(Ord. 6405, passed 4-10-06)