(a) At any time within ten years from the construction and installation of a particular water and/or sewer line or portion thereof where the water and/or sewer line or portion thereof has been paid for in full and been granted to the City by a private party or developer, any other person or property owner connecting with that water and/or sewer line or portion thereof shall pay to the person or developer, or his assigns, his proportionate share of the original cost of the construction and installation of the water and/or sewer line or portion thereof based upon front footage.
(b) The proportionate share referred to in subsection (a) hereof, shall be determined by the City Engineer, or other person designated by the Mayor, based upon the actual cost of the construction and installation at the time of the construction and installation. The amount so determined shall be paid by the person or property owner desiring connection with such water and/or sewer line or portion thereof prior to the connecting of the water and/or sewer line or portion thereof and shall be paid to the City which shall transmit such moneys to the original person or developer installing such water and/or sewer line or portion thereof, or his assigns. The City shall receive five percent (5%) of the payment for handling the funds. In addition to the proportionate share of the front footage cost of the line itself, the person or property owner connecting to such water and/or sewer line or portion thereof shall pay the actual cost of installation of the necessary connections to the City or to the developer or to the person originally paying for the same, as the case may be.
(c) The proportionate share of the installation of the water and/or sewer line as referred to in subsection (b) hereof shall be in addition to the regular tap in-fee of the City and any charge for water and/or sewer rental.
(d) The payments referred to herein shall not be made after ten years from the date of the original construction and installation, which date shall be determined by the City Engineer or other person designated by the Mayor.
(Ord. 47-78. Passed 6-13-78.)