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Transcription
M years from date of completion of such extension, or until the full amount of the advance has been refunded, whichever occurs first.** Under this proposed Rule, and likewise tinder 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 cost to the consumer. However, in case of a housing project where the Developer proposes to erect a number of-liouses for sale or rent, The Subdivider would be required to advance the cost of the mains subject to refund under conditions similar to that contained in t • | V ' ~ • -N our present Rule 9-A* except that we propose to reduce the rate of refund from 50% to 35% of the monthly revenues. criticism by Subdividers and Developers of housing projects as it may take 10 years for the Subdivider or Developer to recover his Our present Rule 9-A has been subject to considerable The Subdividers contend that in the case of a housing project in which a number of houses are to be Immediately con
