(A) All applications for sewer extensions outside the corporate limits shall be made as provided in these regulations.
(B) If an application is approved by the Town Board of Commissioners, the owner shall be required to pay 100% of the total cost of all extensions including the cost of engineering and resident inspection provided by the town, if applicable, provided the municipality may participate to the extent agreed upon by the Town Board of Commissioners in the cost of larger size mains that are in excess of the size mains required to serve the project. No reimbursement shall be made upon annexation and all sewer lines connected to the municipal system and located outside the corporate limits shall become the property of the municipality at the time such facilities are connected.
(C) Prior to the beginning of any construction of sewer extensions by the town, the owner shall deposit with the municipality funds in an amount equal to 100% of the total estimated cost of such extensions. Upon receipt of such funds, a written contract shall be entered into by and between the municipality and the property owner in accordance with the requirements of this subchapter. Such contract shall provide that in the event the funds deposited exceed the amount of the total extension cost when completed, that portion in excess of the total cost will be refunded to the owner without interest. Such contract shall also provide that if the amount deposited is less than the total cost when completed, the owner shall pay such additional amount to the municipality upon demand.
(D) In lieu of depositing funds, the owner may execute a surety bond or similar document guaranteeing payment for such extension.
(Res. passed 3-29-2001)