The installation of water mains in any street shall not imply Township ownership or acceptance of such street.
The cost of installation of water mains and fire hydrants in any existing street may be assessed in whole or in part against property owners, including real estate developers, benefiting by such extension.
All water mains, hydrants and associated facilities, such as booster pumps, pressure tanks, service lines, curb stops, curb boxes and valves, as required by the Division of Water and Sewers on new or proposed streets, shall be installed and paid for by the real estate developers or builders. Ownership thereof shall be transferred to the Township when such installation meets the approval of the said Division.