City water facilities shall be installed as required by standards and specifications as approved by the Council. Where city water facilities are not available for extension into the proposed subdivision, the Council may by ordinance grant a franchise for such water facilities to serve all properties within a subdivision where a complete and adequate neighborhood water distribution system is designed in conjunction with the subdivision and complete plans for the system are submitted for the approval of the Council.
(1975 Code, § 12.07, Subd. 5)