§ 30-121. Refunds.

(a)

All refunds provided for in this division shall be made on May 1, and include funds then accrued to the credit of the developers and others. The contract entered into by any property owner in the city, under the provisions of this division, shall be effective only for a period of five years after the date of the contract. No refunds will be made by the city to any applicant or contracting party after this five-year period has expired, nor shall the city ever be liable for payment of interest on any deposits, payments or refunds provided for in this division.

(b)

Developers shall be eligible for refunds of certain portions of the costs incurred by them in the installation of water mains under certain conditions. For mains 12 inches and smaller which have been constructed by the developer entirely at his own expense as approach mains and for mains lying along one or more sides of a subdivided tract which serve property other than the subdivision for which the extensions were made, the developer shall be credited with refunds equal to the pro rata charges which may be collectable from other parties under the terms of this division.

(c)

If such mains are larger than 12 inches in size, and if the developer did not receive a credit for oversize cost at the time of installation, he shall receive a credit for refund equal to the difference between the cost of such water main and one-half the cost of a 12-inch main, or such sizes as are required to serve the subdivision for which the extensions are required.

(Ord. No. 61, § 8, 6-25-1984; Ord. No. 84-8-61, § 8, 8-8-1984)