When, by reason of remoteness from the city's water distribution system, an applicant is requested by the city to pay an amount of money in excess of that required to cover water main installation charges or connection charges for the applicant's property, the city may enter into a refund agreement providing for the refund of that money which the city may collect as water main connection charges from subsequent consumers connecting to the water main. Such refund agreement shall be in effect for a period of ten years from the date the main is placed in service, after which time the city shall be released of any further obligations to make refunds to the applicant.
(Prior code § 5444.2(d))