There is hereby established a special fund which shall be used exclusively for the deposit of water main front foot connection charges and for the payment of reimbursements to developers for offsite extensions.
Moneys received and dispersed pursuant to the authorization of this section shall be accounted for on a project-by-project basis so that reimbursement to developers is directly related to water main front foot connection charges paid by owners of properties abutting their improvement.
(Ord. 77 L. Passed 4-26-77.)