(A) Petition to Town Council. Any person, including any subdivider, who desires to have the water mains extended within the town, and is willing to advance the whole expense of such extension and receive the return of an agreed portion thereof, as hereinafter provided, may make application to the Town Council by petition. The petition shall contain a description of such proposed extension accompanied by a map showing the location of the proposed extension together with an offer to advance the whole expense thereof, which cost shall be verified by the Superintendent of Water. The Town Council may grant or deny the petition as, in its discretion, deems best for the welfare of existing water users in the town.
(B) Cost determined. Upon the receipt of such petition and map and before the petition is granted, the Town Council shall obtain from the Superintendent of Water a certified statement showing the whole cost or expense of making such extension.
(C) Amount deposited. If the Town Council grants the petition, the amount of the cost of making the extension, as certified by the Superintendent of Water, shall be deposited with the Town Clerk before any work shall be done on such extension. The deposit shall be made within 30 days, or such other time as the Town Council shall indicate, after the granting thereof.
(D) Return of deposit. At the time the Town Council decides whether or not to grant petition for an extension, it shall also decide whether or not any portion of the costs is to be refunded and the manner and circumstances under which such refund shall be made or credited to the applicant, his or her successors or representatives. Such determination shall be duly recorded in writing and a copy thereof furnished to the applicant.
(E) Forfeiture. In the event any deposit remains unclaimed for a period of five years after the depositor has discontinued water service, the deposit may be forfeited and then transferred to the Water Fund.
(F) Ownership of extension. Any such extension shall be deemed the property of the town.
(Prior Code, § 8-1-10)