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A1p Item No. 1— . � PC: 11-19-87 SU-87-22 Page 9 The developer shallenter into an for theagreement constructionhofaa Joaquin County to paY fees public community water system. ( 1 ) The developer shall pay a fee which represents a pro- portionate share of the Master Planned Water Facilities to be used for the construction m f the include facilities and related engineering the preparation of a Master Plan for the affected area) . i (2) The fee for the construction 800t�erMaster andled will be s Water Facilities shall wi g the execution of the adjusted annually following News Agreement , in accordance with the Engineering Record Cost Index. (3) Funds collected for the Master Planned Water Facilities ountshall withetheplaced Courty of Saninterest-bearing Joaquin trust acc (4) Master Planned Water Facilities fees shall be paid for :i at the time of issuance of a Building Permit . (5) The Agreement ahmaxinumvofel5that years frorafunds thewill dateethe collected for Agreement is executed. If the public water system is not constructed within 15 years from the date of Agreement ethe returwill be proportionatelyneditolthenownereofsthe property at that time . (6) In the event that the funds collected are insufficient i to construct the Master Planned Water Facilities, the owner of the property will at that time be obligated i, to pay his proportionate share of the difference. In the event surplus funds are available after cthetrunds ouc tion of the Master Planned Water Facilities, tf the with interest shall be returned proportionately owners of the proerty at that time or , at the County' s option, placed in the operating account of the County Service Area for the operation and maintenance of the I system. t1 "dry" water lines within the m. The developer shall install Nil - e ro- �, limits of the subdivision which will conform i--tl_if'fe 1)(/fcf. , posed Master Plan. The dry potable water supp y q system shall consist of the distribution lines, service