[R.O. 2008 § 500.140; Ord. No. 1192 §§ 1 — 5, 4-20-2009]
A. 
All construction cost and related costs shall initially be borne by the owner/developer.
B. 
All construction cost for sewer lines within the development shall be paid by the owner/developer and will not in any way be subject to a refund by the City of Pevely.
C. 
Construction cost for sewer line extensions outside of a development to convey wastewater to a municipal sewer system is eligible for a refund in an amount not to exceed the actual cost of such sewer line extension from that development. The City shall make reimbursement to the owner/developer for the cost of the eligible portion of the sewer line extension as defined below.
1. 
The reimbursement shall be established in a signed agreement with owner/developer and the City of Pevely. A sewer district outlining the area(s) eligible for reimbursement will be established by the Board and a separate sewer assessment amount will be added to the monthly bills of users served by the sewer line extension within such reimbursable area. The eligible portion shall be calculated at a rate of fifty percent (50%) of the actual cost of construction and extension for the developed area and the user will be charged a portion of such eligible amount established by the Board on a monthly basis until the eligible portion of the reimbursement has been paid in full or until a ten-year period, following acceptance of the sewer line, has lapsed.
2. 
The City shall make reimbursement on or before January 1 of each year. No additional refunds shall be made to the owner/developer after the ten-year period.