It is deemed necessary and essential to require and control the provision and installation of improvements when property is subdivided and developed, in order to:
(A) Endure conformity to the statutes governing the subdivision of land in this state;
(B) Cause the installation of the utilities and public service facilities necessary to serve the property developed;
(C) Provide for the current financing of the facilities;
(D) Spread the cost of required improvements on the property benefitted;
(E) Prevent the dissipation or the improper use of public funds in providing these improvements or maintaining faulty installation; and
(F) Protect the living standards, public safety and the common welfare of residents within and without the subdivision.
(2000 Code, § 155.060) (Ord. 876, passed 8-4-1975)