Water and sewer main extensions shall be financed by cost advancements
when deemed advisable by the City Council. In general, the cost advancement
method shall be used only when application is made for public water
and sewer service which would require the extension of mains through
sparsely occupied areas to serve such applicant, or through areas
which in the judgment of the City Council are unlikely to develop
extensively within the next 10 years. Where extensions are authorized
on a cost-advancement basis, the procedure shall be as follows:
A. The applicant shall deposit with the City Treasurer a sum sufficient
to pay the total estimated cost of the extension, less unapportionable
costs, if any.
B. Such deposit shall be made before construction is started or contracted.
If the actual apportionable cost shall be less than the amount deposited,
the excess of the deposit over the cost shall be refunded to the applicant
within 30 days after payment for the completed project. If the apportionable
cost shall exceed the deposit, the applicant shall pay the deficiency
prior to the granting of water or sewerage service.
C. Any property connected to such main after its installation, other
than the applicant's, shall pay to the City a connection charge determined
by the City Council, which shall be equivalent to the special assessments
which would have been levied by the City at the time such extension
was made.
D. All connection charges collected by the City under Subsection
C above shall be paid to the applicant or his assigns or heirs unless specifically provided otherwise in writing.