The town may agree to enter agreements with private developers or property owners for the design and construction of infrastructure under the following conditions.
(A) The infrastructure may consist of water mains, sanitary sewer lines, sewer lift stations, stormwater facilities, streets, curbs and gutters, sidewalks, traffic control devices, or other associated facilities that are consistent with the town’s capital improvement plan, economic development needs, or other community plans or needs.
(B) The Board of Commissioners shall find that the proposed infrastructure improvements will advance a significant community or economic development need and/or will more cost effectively or more expeditiously achieve the installation of needed infrastructure improvements and that the proposed agreement is in the public interest.
(C) The amount of funds reimbursed shall not exceed the appropriately documented costs of the project and shall be derived from non-local sources, such as grants or donations.
(D) The reimbursement agreement shall be set forth in writing and shall be consistent with the requirements of state law.
(E) The improvements carried out under the agreement shall be conveyed or dedicated to public use by the town or to use by another public entity approved by the town.
(Ord. 2011-06, passed 1-18-11)