The Superintendent shall be authorized to construct, or cause to be constructed, extensions to the water system if one of the following conditions exist:
A. Annual Anticipated Revenue: The annual anticipated revenue made available to the City from the customers to be immediately served by such extension is not less then one-tenth (1/10) of actual cost to the City for construction of said extension.
B. Declaration By Superintendent: The Superintendent declares that the water main extension is needed for the overall benefit and improvement of the entire water supply system.
C. Approval Of Council: The City Council approves a contract for construction of the extension with a party or parties desiring water service. Provided, however, that subdividers within or adjacent to the City service area shall construct at their own expense all water mains within their subdivisions or developments expect that the City will be responsible for those water main costs set forth in subsection 9-12-40B of this Chapter. (Ord. 659, 9-27-1994)