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go <br />e. <br />The developer shall enter into an agreement with San Joaquin <br />County to pay fees for the construction of a public community <br />water system. <br />(1) The developer shall pay a fee which represents a propor- <br />tionate share of the Master Planned Water Facilities to <br />be used for the construction of the facilities and <br />related engineering (which may include the preparation <br />of a Master Plan for the affected area). <br />(2) The fee for the construction of the Master Planned <br />Facilities shall be $2,800 per lot, and will be adjusted <br />annually following the execution of the Agreement, in <br />accordance with the Engineering News Record Cost Index. <br />(3) Funds collected for the Master Planned water Facilities <br />shall be placed in an interest-bearing trust account <br />with the County of San Joaquin. <br />(4) Master Planned Water Facilities fees shall be paid for <br />at the time of issuance of a Building Permit. <br />(5) The Agreement shall provide that the funds will be <br />collected for a maximum of 15 years from the date the <br />Agreement is executed. If the public water system is <br />not constructed within 15 years from the date of <br />Agreement execution, the funds, including interest, will <br />be proportionately returned to the owner of the property <br />at that time. <br />(6) In the event that the funds collected are insufficient <br />to construct the Master Planned Water Facilities, the <br />owner of the property will at that time be obligated to <br />pay his proportionate share of the difference. In the <br />event surplus funds are available after construction of <br />the Master Planned Facilities, the funds with interest <br />shall be returned proportionately to the owners of the <br />property at that time; or, at the County's option, <br />placed in the operating account of the County Service <br />Area for the operation and maintenance of the system. <br />The developer shall install "dry" water lines within the <br />limits of the subdivision which will conform to the proposed <br />Master Plan. <br />(1) The dry potable water supply line system shall consist <br />of the distribution lines, service connections to the <br />property line, and stub -outs for future hydrants and all <br />appurtenances. At the time a public water system is <br />available, all lots will be required to connect to that <br />system in accordance with Ordinance Code Sections <br />5-3108. <br />SU -86-12 -3- Resolution #87-950 <br />