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A subdivider, individual or group who shall install a storm drain facility of benefit to properties other than that owned by the individual, group or subdivider may be entitled to be reimbursed for costs incurred to an amount not to exceed the actual cost of installation. A petition for reimbursement shall be presented to the council, requesting consideration for the execution of a contract to provide for reimbursement of costs. The petition shall set forth in reasonable detail the reasons for the request for reimbursement, a statement of actual costs incurred and such other matter as may be required by the council. Any contract executed by the city with the petitioner for reimbursement shall be on terms and conditions as follows:

A. The petitioner shall not be reimbursed for more than the cost of the line, nor shall he be reimbursed for any costs incurred within or attributable to his own property. Subdividers may be entitled to reimbursement for storm drain facilities installed by the subdivider at his cost and located outside his subdivision or tract. The director of public works shall determine what portion of the storm drain facilities are outside the subdivision or tract;

B. The petitioner shall be reimbursed by the city without interest over a period to be determined by the city and not more than a period of ten years. At the expiration of ten years or earlier expiration as established by the contract, no further reimbursements shall be made;

C. The contract shall set forth a formula establishing the fee to be charged to the property found to be benefited by the installation of the facilities and in proportion to the acreage benefited. It is the intention of this section that the properties benefited by the installation shall pay a fair share of the cost of the facilities installed at the expense of another,

D. Such other and reasonable terms and conditions as the city may require.

(Ord. 786 NCS §1; prior code § 19.13.4.)