If any person, firm or corporation is required by the city to pay the cost of extending a water main line adjacent to property other than his or her own property so that water service is provided for such other property without further extension of the main line, the city shall require, prior to providing water service, that the persons requesting connection to the line refund to the person, firm or corporation required to pay the cost of construction to extend said water main line a pro rata portion of the cost of said construction. The right to require such refund shall not continue for more than ten years after the date of installation of the extension of the water line. For purposes of this section, the term COST OF CONSTRUCTION shall mean the actual cost of construction in addition to annual interest at the statutory rate established by state statutes which interest shall accrue from the date said water line is accepted by the city until the reimbursement is fully paid or the right to reimbursement terminated under the provisions of this section. The amount to be refunded shall be determined by the city and such determination shall be final. The city shall compute the pro rata portion to be refunded upon a front-foot basis of properties connected to the line including the property of the person, firm or corporation required to extend said line with the total reimbursable cost spread equally over the total front footage of the properties served. In such cases where the determination of reimbursable costs upon a front foot basis is inequitable or inappropriate by reason of size, location or condition of properties involved, the city may fix and determine the basis of reimbursement other than on a front-foot basis.
(Prior Code, § 3.10.010) (Ord. 179, passed 10-2-1989; Ord. 202, passed 1-6-1992)