(a) At any time within ten years from the construction and installation of a particular utility (storm, sanitary sewer or water line) where the utility has been granted to the City by a private party or developer, any other person or property owner connecting with that utility shall pay to the person or developer, or his or her assigns, his or her proportionate share of the original cost of the construction and installation of the utility based upon a method of proportionate share deemed appropriate by the Engineer and the City Auditor. The proportionate share to be paid shall be determined by the Engineer and shall be paid to the City Auditor, based upon the actual cost of the construction and installation at the time of construction and installation. The amount so determined shall be paid by the person or property owner desiring to connect with such utility prior to connecting to such utility and shall be paid to the City Auditor, who shall transmit such moneys to the original person or developer installing such utility or his or her assigns. In addition to the proportionate share of the cost of the utility itself, the person or property owner connecting to such utility shall pay the actual cost of the installation of the utility to the City Auditor, to the developer or to the person originally paying for the same, as the case may be, in addition to any tapping fees owed to the City for the inspection of the connection.
(b) The contributions provided for in subsection (a) hereof shall cease after ten years from the date of the original construction and installation, which date shall be determined by the Engineer for the appropriate department of the City.
(Ord. 211-94. Passed 1-5-95.)