10A.25.060 Reimbursement Contracts.
The City Council, in its sole discretion and upon whatever terms and conditions it considers appropriate under the provisions of Chapter 35.91 RCW (Water and Sewer Facilities Act) as now existing and in accordance with any amendments that may hereafter be made thereto, may enter into a reimbursement contract as authorized thereby, provided, however,
(1) that the period for reimbursement shall not exceed ten years; and,
(2) the contract shall provide for collection of up to an additional fifteen percent of the otherwise includable costs of construction in order to cover the costs of the City's legal description and scaled drawing, attached to the contract, the area benefited by the Water System addition or extension and the cost identified with each benefited lot or parcel. (Ord. 88-23 §35, 1988).