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Transcription
years from date of completion of suoh extension, er until the fall amount of the advance has been : p * refunded, whichever occurs first*f Under this proposed Buis, and likewise under existing Rule 9-A., if several applicants request an extension and the extension is less than 50 feet per consumer, the Water Company would he obligated to construct the extension without oost to the consumer* However, in case of a housing project where the Developer proposes to erect a number of houses for sale or rent, The Subdivider would be required to advance the oost of the mains subject to refund under conditions similar to that contained in our present Rule 9-A, except that we propose to reduce the rate * „ ,r|3§p|f|p 1 " cy pig: of refund from 50$ to 55$ of the monthly revenues* Our present Rule 9-A has been subject to considerable criticism by Subdividers and Developers of housing projects as it may take 10 years for the Subdivider or Developer to recover his cost and, in some cases, he will not obtain full refund* The Subdividers contend that in the ease of a housing project in which a number of houses are to be immediately con
