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<br />. <br /> <br />. <br /> <br />. <br /> <br />-3- <br /> <br />(2) Upon receipt by City Clerk of a petition from the <br /> <br />owners of property 1n an area that has been subdivided by <br /> <br />recorded maps or plats into lots and where at least fifty per <br /> <br />cent (50%) of the lots are not developed lots, and the developed <br /> <br />lots are not served by City water and se~er service, if the City <br />; <br /> <br />Clerk, with the advice of the C~ty E~gin~er, determines that the <br /> <br />project is economically feasible, and e~~~neeringly practicable, <br /> <br />and ~he,City ha~ money available, the Ci~y will bear initially the <br />, , i <br />cost of extending mains to provide water ,service to such area on <br /> <br />I <br />the condition that the owners of the developed lots pay to the City <br /> <br />'4It in cash and in advance of the City initiati~g preliminary work on <br /> <br />the project, an amount of money (hereinafter referred to as "advance <br /> <br />payment") equal to the difference between the total amount of fro~t <br /> <br />foot connection charges (as determined under the provisions hereof) <br /> <br />assessable against the owners of the developed lots and fifty per <br /> <br />cent (50%) of the lots in the area requesting service. Those <br /> <br />property o~ners paying the amount of money (advance payment) <br />necessary to mee~ the requirement of fifty per cent (50%) develop- <br />ment shall be entitled to receive reimbursement (without interest) <br /> <br />therefor by City solely from con~ection cha~ges collected by City <br /> <br />from persons, other than those entitled to said reimbursement, <br /> <br />4It conne~ting to said mains. <br /> <br />(3) ~he persons entitled to:~aid reimbursements shall <br /> <br />" <br />jointly designate in writi~g a trustee to receive reimbursements <br />from the City toward said advance payment. The trustee shall be <br /> <br />. <br /> <br />responsible to the persons entitled thereto for making proper <br /> <br />distribution of said moneys; he shall be their agent and repre- <br /> <br />sentative and City shall not have nor incur any liability either <br /> <br />for faili~g to collect said connection charges or for failing to <br />pay said amounts due said trustee. rhe City shall likewise <br />neither have nor incur any liability for any acts or omissions <br />of said trustee. The trustee shall give written receipts to the <br /> <br />City for sums received by him on behalf of said persons; however, '~; <br /> <br />~~- <br />.~.~.. <br />.~.:~. <br /> <br />\ <br />