upr000275 54

\ * s - 4 - reasonable total installed cost under this ftul# the applicant shall sleet either of the tv© refund methods »®xt hereinafter set forth., provided that the election, anee made, shell be binding upon the Company sad the applicant and may not thereefter be changed; (•). lisysaur .Method. for • period UO) years from the date of complet inootn oefx cetheed isntga itn ea ienxgte ntshieo na,d vatnhcee ,C omopra noyt hewri llp arretyf unedn tittol etdh e tphaerrettyo ,a sh­acnonnusaulmleyr, s SoQc$c upofy intgh e tghre ospsr orpeervteyn ues collected from extension has been ae.de; provided,t o hovwheivcehr ,t het hastaid ntohte teoxtcaele d ptahyem enatmso untth usa dmvaadnec edby witthheo uCto mpianntye resshta,ll Cfe) Frooortlon&te Coat 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 eeeh bone, fide consumer within the subdivision or tract in as aeonst ecuel to the average total installed cost of to feet of the feeillties necessary to furnish water to and within tueh 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 shell 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 m a result of any «u.b~ eecuent 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 subdividcr, developer or builder, who occupies premises which is improved and contcine permanent structures with suitable facilities for the use of water and who has received water service from the main .for which extension deposit wef made for three consecutive months, At under present Buie 9-&, w® are required at Company expense to extend water lines SO feet to serve individual consumers, the ultimate effect of the new rule would be to extend similar benefits to the developers of housing prelects. Mr. Bennett concurs in this recommendation.