(a) The Director of Public Service is authorized to sign a contract for the payment of water system extensions with the benefitted abutting property owners in the amount hereinafter specified. The contract shall be binding upon the property owner, his heirs and successors, until such time as the property owner shall pay the amount hereinafter set forth.
(b) The abutting property owner shall pay a rate per front foot as established by the Director of Public Service as per Ohio R.C. 743.02, 743.03 and 743.04. ( The Director of Public Service will use a rate based on the average of three previous water line project costs as determined by the Director of Utilities.) The frontage shall be the actual footage as shown on approval plat maps on file at the office of the City Auditor. The charge shall not include costs of fire hydrant installations nor the cost of installation of connections from the new water MAIN to the abutting property nor for meter settings on the property served by the new MAIN. The contract by and between the City and the abutting property owner shall be executed prior to application for a service connection to the new MAIN or prior to the installation of the new water MAIN, whichever is the most applicable.
(c) Payment by the abutting property owner to the City may be made in eight installments, which shall fall due quarterly from and after the date of the contract. Interest shall be at the rate of the current bond market as determined by the City Auditor.
(d) The abutting property owner's portion of new mains installed by initiative petition shall be collected by the Water Department within two calendar years of the date of the ordinance authorizing the installation thereof. Thereafter, any and all unpaid portions of the abutting property owner's costs of installation shall be certified to the County Auditor for collection.
(e) All new MAIN extensions initiated by Council and/or the Director of Public Service shall be paid for as heretofore stipulated or prior to the acceptance of an application by the Division of Water from the abutting property owner for a water service connection to the newly installed water MAIN.
(f) All petitions for extensions of the City water distribution system by the installation of new water mains, on file with the Director of Public Service as of June 2, 1958, are exempted from the provisions hereof.
(g) The provisions of this section shall apply to all new MAIN installations except in those instances where such new installation parallels an existing MAIN of not less than four inches in diameter.
(h) The Director of Public Service every two years shall reappraise the charges stated in Sections 911.600, 911.614 and 911.616 and, according to existing charges and costs, he will have the authority to make the necessary changes and revise same without the approval of Council and these shall be incorporated in these rules and regulations of this chapter.
(Ord. 167-96. Passed 9-16-96.)