upr000275 48

4 reasonable total Installed cost under this Rule the applicant shall elect either of the two refund methods next hereinafter set forth, provided that the election, once made, shall he binding upon the Company and the applicant and may not thereafter be changed: (a) Revenue Method. For a period not exceeding ten (10) years from the date of completion of the main extension, the Company will refund to the party mak­ing the advance, or other party entitled thereto, annually, 50^ of the gross revenues collected from consumers occupying the property to which the said extension has been made; provided, however, that the total payments thus made by the Company shall not exceed the amount advanced without interest. (b) Proportionate Cost Method. For a period of not exceeding ten (10) years from the date of com­pletion of the main extension, the Company will make refund to the party making the advance, or other party entitled thereto, for each bona fide consumer within the subdivision or tract in air amount equal to the average total installed cost of 50 feet of the facilities necessary to furnish water to and within such subdivision or tract; provided, however, that the total payments thus made by the Company shall not exceed the amount advanced without interest. Each'such refund shall be made only at the time of the original installation of service pipes and institution of service to a bona fide consumer, and no additional refund right shall accrue as a result of any sub­sequent change in such service, change in occupancy, identity of the consumer, or any other reason whatsoever. A consumer entitling the applicant to refund, as referred to above, shall be a consumer, exclusive of a subdivider, developer or builder, who occupies premises which is improved and contains permanent structures with suitable facilities for the use of water and who has received water service from the main for which extension deposit was made for three consecutive months. As under present Rule 9-A, we are required at Company expense to extend water lines 50 feet to serve, individual consumers, the ultimate effect of the new rule would be to extend similar benefits to the developers of housing projects. Mr. Bennett concurs in this recommendation.