A.
Whenever any waterline is constructed by the Town as a result of
a petition filed by Town residents, the Board shall direct an assessment
to be made upon all lots to which water is made available. Such assessments
shall be set at a rate not exceeding actual costs incurred by the
Town, including costs for bringing such waterline through intersections
and across other public properties. The assessment will be prorated
over a time period and shall accrue interest at a rate established
by the Board. All such assessments shall be effective against such
lots as of the time that the waterline is made available to such lots.
B.
Any special assessment arrangements or agreements existing prior
to the effective date of this Waterline Extension Ordinance will be
governed, reviewed and resolved by separate resolution of the Board.
A.
Any private owner or developer other than the Town who extends a
waterline within the jurisdiction of the Smithfield Water Supply Board
shall be subject to the assessment charges established by said Water
Supply Board, as the same may be amended from time to time.
B.
The aforesaid assessment charges must be paid in full prior to connection
with the Smithfield Water Supply Board water system.
