The owner of any future lots to be served shall, before service is established, pay to the utility his or her proportionate share of the original extension cost in accordance with the following provisions.
(A) The amount to be paid by the owner of the “future lot” shall be such that when the payment made by the owner is divided equally and paid to all of the then existing lot owner water consumers, all water consumers (including the new applicant “future lot” owner) will have contributed an equal amount towards the original water main extension cost, after giving proper consideration to any differences that may exist as to the water main footage involved and the size and capacity of the tap of any consumer. Therefore, at any one time, all lot owners connected to the extension will have paid an equal amount towards the cost of the extension, after proper adjustment has been made as to the footage of water main capacity of the tap and service line requirements have been properly evaluated.
(B) All applicant payments involving service to a future lot shall be paid to the utility in cash before water service is established. The utility shall, within 60 days from receipt of payment, make the refunds referred to in division (A) of this section. All refunds will be made to the then owners of record of the lots receiving water service on the date that refund is received by the utility.
(C) After five years have elapsed from date service is first established to any consumer, no additional payments towards the original extension cost shall be required and therefore all refunds shall cease.
(Ord. passed 5-1-80)