Where there are properties being developed that are separated by public access or streets and the properties can be served by one water main, the Council shall determine the side of the street on which the main will be located. The costs of installation of the main shall be borne by the developer who first develops the adjacent public access. Any person who wishes to connect to the existing main to furnish water to the property on the opposite side of the public access shall be required to pay the developer who originally installed said main one-half of the per-foot cost of installation times the number of frontage feet owned by the person desiring to make said connection, subject to the following terms and conditions:
1. All agreements entered into pursuant to this policy shall provide the cost to the original developer and to the maximum amount of permissible reimbursement prior to actual installation, which agreement may not thereafter be modified.
2. Any person that becomes insolvent or ceases to do business after the signing of an agreement contemplated by this policy shall not be entitled to reimbursement, and any agreement with such person shall become null and void.
3. The Council’s decision on any disputed matter concerning this policy shall be final.