[Adopted 5-10-1979 by Res. No. 05-10-79-01]
Each new commercial development shall file an application and submit in writing to the Authority sufficient information to allow the Authority's engineer to determine the projected equivalent domestic units to be used by the applicant.
The Authority will determine the projected EDUs and secure from the developer an initial deposit equaling not less than 75% of the projected connection charge.
The parties shall enter into a developer's agreement allowing the Authority to meter the actual water usage; said metering to start with the first full quarter after the property receives its occupancy permit and continue for not less than 12 months and not more than 36 months.
At the end of the metering period, the average usage shall be determined and the actual tap-in fee shall be calculated. In the event of an overpayment or an underpayment by the applicant, said additional payment or refund shall bear interest at the rate of 6% simple, with interest calculated from the date of the deposit.