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(1) Upon receipt of the applicant’s statement of project costs, the public works superintendent prepares for the town council a report setting forth:

(a) The total area and frontage of property currently paying or sharing the costs of the construction;

(b) The total area and frontage of property physically and feasibly capable of being served by the system;

(c) The names and mailing addresses of the owners of the property determined to be within the possible service area;

(d) The fair pro rata share of the cost for each property which might tap into the system, determined on an acre, front footage, or other equitable basis;

(e) A determination whether the system is consistent with the facility plan of the department of public works;

(f) A list of other necessary services presently available or planned for the area as part of the adopted plan;

(g) Evidence that the applicant agrees to an annexation covenant for the property to be presently served by the system, if located outside the town limits;

(h) A recommendation whether the application meets the criteria of this chapter and the policies and procedures of the public works superintendent and ought to be accepted.

(2) If the town council accepts the application, it passes a resolution declaring its intent to enter into a latecomer agreement, subject to the further requirements of this chapter.

(3) After the system is completed the applicant must present to the public works director a final statement detailing the actual total project costs, including application fees, design, construction and inspection fees. In addition the applicant must submit “as-built” plans showing the system and the service area.

(4) If both the as-built plans and the final statement of costs are consistent with the improvement contemplated, the town enters into the latecomer agreement.

(5) If the final statement exceeds or is inconsistent with the projected cost, or if the as-built plans significantly differ from the original design, the public works superintendent meets with the applicant to determine the reason for the increased cost or different design.

(6) The public works superintendent makes a further report and recommendation to the town council. The town council may approve, reject, or modify the latecomer agreement. (Ord. 550 § 2, 2012)