When it is necessary to construct a public sewer from any premises to an existing public sewer, or when, in the opinion of the City Manager, a public sewer should be constructed with a larger capacity than the minimum capacity needed to serve any premises, and where such extended or oversized public sewer can or may be used for the disposal of sewage from adjacent or adjoining premises, the City Council may establish such public sewer as a special sewer and contract with the owner of the premises so as to provide a means of reimbursement to such owner for the additional costs incurred in connection with such extension or oversizing.
The costs of such extension or oversizing shall be apportioned against all premises which can or may use such extended or oversized public sewer for the disposal of sewage. All special sewer fees collected by and paid to the City shall be credited and deposited to a reimbursement account in the name of the owner of the premises. Semi-annually on the first days of January and July of each year, all funds credited and deposited to such reimbursement account shall be paid to the owner of the premises. The right to reimbursement shall terminate and such reimbursement account shall be closed and all funds credited and deposited to the same shall become the property of the City at such time as any of the following shall first occur:
(A) 
Reimbursement of the full amount of the costs of such extension or oversizing.
(B) 
At such time as the City is without authority to collect special sewer fees.
(C) 
The lapse of fifteen (15) years from the date of the contract.
No interest shall accrue or be due and payable on funds credited and deposited to any reimbursement account.
Any person entitled to reimbursement under the provisions of SJBMC 5-9-1100, et seq., shall keep on file with the City Clerk his correct current mailing address. In the event the City Clerk is unable to locate any person entitled to reimbursement, he shall send written notice to such person by certified or registered mail, addressed to such person at the last address on file with him, which notice shall contain a statement of the amount of reimbursement due and that if such person shall not demand the same within one (1) year of the date of such notice, all right to reimbursement shall be terminated and such reimbursement account closed and funds credited and deposited to such account paid to the City.