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Item No. <br /> PC: 11-19-87 <br /> SU-87-22 <br /> Page 9 <br /> 1 . The developer shall enter into an agreement with San <br /> Joaquin County to pay fees for the construction of a <br /> public community water system. <br /> ( 1 ) The developer shall pay a fee which represents a pro- <br /> portionate share of the Master Planned Water <br /> Facilities to be used for the construction of the <br /> facilities and related engineering (which may include <br /> the preparation of a Master Plan for the affected <br /> area) . <br /> (2 ) The fee for the construction of the Master Planned <br /> Water Facilities shall be $2 , 800 per lot and will be <br /> adjusted annually following the execution of the <br /> Agreement , in accordance with the Engineering News <br /> Record Cost Index. <br /> (3) Funds collected for the Master Planned Water <br /> Facilities shall be placed in an interest-bearing <br /> trust account 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, <br /> will be proportionately returned to the owner of the <br /> property 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 <br /> to pay his proportionate share of the difference. In <br /> the event surplus funds are available after construc- <br /> tion of the Master Planned Water Facilities, the funds <br /> with interest shall be returned proportionately to the <br /> owners of the proerty at that time or, at the County's <br /> option, placed in the operating account of the County <br /> Service Area for the operation and maintenance of the <br /> system. <br /> m. The developer shall install "dry" water lines within the <br /> limits of the subdivision which will conform to the pro- <br /> posed Master Plan. The dry potable water supply line <br /> system shall consist of the distribution lines, service <br />