(a) Any developer who bears the cost of off-site water main extensions to a development, as described above, shall be entitled to reimbursement of the pro-rated cost of said extension, as provided herein, for each user who extends a service line from the main within ten years from the date of the final inspection and approval by the Municipality.
(b) Reimbursement payments shall be made by the Municipality to the individual who paid for the original construction of the main, or his assignee, and no other individual shall be entitled to payment under the terms of this section.
(c) The reimbursement shall be payable within thirty days of its receipt by the Municipality.
(d) The developer shall enter into a signed agreement with the Municipality before any reimbursement may be made, which agreement shall be made prior to acceptance of the main by the Municipality. Such agreement shall state among other information, the cost of the main, terms of payment and the maximum amount to be reimbursed. (Ord. 9-96. Passed 6-10-96.)