(A) The property owner or agent shall deposit with the Water and Sewer Department an amount of money sufficient to cover the cost of the desired water and sewer extension. This cost shall be as determined by the city from time to time.
(B) At the time of this deposit, the owner and the city shall execute an extension agreement, which shall cover such subjects as ownership of the line and the method of refund, if any.
(1998 Code, § 122-152)