(a) Any property owner, prior to connecting to the municipal water system, shall be required to purchase a portion of the depreciated water source, transmission, and storage system and system capacity improvements outlined in the city's comprehensive water plan through the payment of a plant investment fee (P.I.F.)

(b) Any new or expanded existing use, requesting or requiring connection to the municipal water system which requires the installation of a new or expanded water service shall pay the required P.I.F. The P.I.F. is due and payable prior to the installation of the new or expanded water service. A P.I.F. is nonrefundable and shall remain as part of the property to which it has been assigned, to be passed on with the sale of the land.

(c) Funds collected from the water system plant investment fee shall be deposited in the Water Reserve Fund No. 461.

(d) The water system P.I.F. is listed in Title 20, Chapter 20.80. (Ord. 1451, § 2, 1999; Ord. 678, § 3, 1978; Ord. 489, § 1, 1973.)