§ 152.58 FINANCING.
   (A)   The developer shall be required to pay for all or a portion of the above required improvements according to the following schedule.
      (1)   Sanitary sewers. Benefit rates will be based on the total cost of constructing the sanitary sewer necessary to serve the development site together with any area or district wide benefits of prior construction for which the city may have paid. Any oversizing of sewers or depths greater than that required to serve the site will be paid for by the city or shall be assessed on an area basis.
      (2)   Water mains. Benefit rates will be based on the total cost of constructing water mains to serve the development site. In the case of residential developments, the benefit rate will be based on the total cost of constructing an eight-inch water main including hydrant and gate valves installation at normal spacing, with the city paying the cost of any pipe oversizing necessary to serve additional areas beyond the proposed site.
      (3)   Storm drainage. Benefit rates will be based on the cost of constructing storm sewers necessary to provide adequate drainage of the development site. Where a larger watershed or drainage area can be defined and when that area will benefit from the installation of the storm sewer, benefit rates shall be determined for that defined area. The city shall be responsible for oversize mains as determined by the Engineer.
      (4)   Streets. Streets shall be required and method of cost sharing shall be established by City Council resolution.
      (5)   Sidewalks. Where required, sidewalks shall be paid by a method of cost sharing which shall be established by City Council resolution.
   (B)   Prior to sale of lots, all special assessments against the lots shall be paid in full by the subdivider/developer.
(Ord. 78-1, passed - -; Am. Ord. 00-02, passed 6-13-00)