A. Determination of cost per lot. Prior to installation, the authority shall determine the costs to the authority of materials, equipment, and personnel to provide service including street lighting on the property of the developer/owner. This cost will be divided by the number of building lots shown on the final plat of the subdivision to determine the cost per lot for electrical service. The cost per lot as so determined shall be the basis for the rebate set forth in subsection (C) of this subsection.
B. Issuance of vouchers. Upon completion and acceptance of the electric lines and transformers by the authority and/or City, the authority shall issue one (1) voucher to the developer/owner for each building lot shown on the final plat of the subdivision. The value of each voucher will be the cost determined in subsection (A) of this section. Vouchers will be redeemable only within five (5) years from the date of issuance after which time the voucher will be null and void.
C. Rebate of vouchers. Upon connection of authority electric service to a building site, the authority/city shall pay the developer/owner or the holder of the voucher a rebate for the amount of the voucher. Rebates shall only be paid based upon permanent connection to authority lines; i.e., if one (1) house sets on more than one (1) lot, the authority/City will rebate only one (1) voucher for the connection. If more than one (1) house sits on a lot, the authority/City will only rebate for the one (1) lot.
D. Installation of underground utilities. If underground utilities are desired and or required by the owner/developer, all underground cables shall be installed in conduit in accordance with authority standards. Underground system transformers shall be installed on the front property lot lines so as to be directly accessible from a public street in the event an alley way is not platted, unless instructed otherwise by the authority's general manager.
E. Review of rebates. The rebates provided for in subsections (A), (B), (C), and (D) of this section shall apply only to subdivisions. However, the authority and/or the City reserves the right to review an application for rebate concerning a single residence, commercial, or other building from the standpoint of feasibility as well as being in the best interest of the City and its residents. The authority and/or City reserves the power to modify and deviate from the provisions contained in this section based upon a vote of a majority of the Councilmembers or trustees.
(Res. No. 99-P04, § 3, 3-1-1999)