The village will provide an underground distribution system in new subdivisions or in new developments of more than one residence at cost to the developer. The developer must provide all necessary easements and enter into an agreement with the village to pay for the cost of the underground distribution system. Such agreement may provide that the developer may receive credit for each new customer added to the village electric system as residences are completed and occupied in the amount of the quotient obtained by dividing the total cost of the underground distribution system by the number of dwellings contemplated to be built in the new subdivision or development.
(Prior Code, § 52.007) (Ord. 72-012, passed 12-5-1972)