Before the actual extension of any water main or sanitary sewer main into any newly
annexed industrial or commercial area, the owners of such area shall be required to
pay into the municipal treasury, in aid of the construction of such main or mains,
a sum of money equal to 60 percent of the contract cost, if available, or estimated
cost of such extension or extensions, plus ten percent for engineering, legal and
other costs, computed at minimum pipe sizes, as the same are hereinafter set forth
in this article.
(Code 1987, § 7.10(b))
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