Division 13-09-005
Recapture Agreement

Sections:

13-09-005-0001    Recapture Agreement

13-09-005-0001 Recapture Agreement

A.    If a property owner or developer extends a water or sewer main across undeveloped property to reach his development or property, and wishes to be reimbursed for the cost of installing said extension by future customers along the length of the lines, he may request a recapture agreement be drawn up by the City. Developers may request a recapture agreement when a line is constructed across the frontage of parcels not currently receiving service from the City. When the owner of the designated parcel requests service, a prorated cost of the line is collected by the City and returned to the developer. Recapture agreements are set up through the Utilities Division. For questions or details on the procedure to initiate an agreement, contact the Utilities Division.

B.    The maximum period of time of the recapture agreement shall be ten (10) years. (Ord. 2017-22, Rep&ReEn, 07/05/2017)