The itemized and certified final costs actually expended for the construction of such sewerage and/or water facility, including labor and materials, obtaining rights-of-way, permit fees, insurance, bond premiums, legal fees, engineering fees, and other costs essential to the construction of the facilities shall be filed with the city clerk, and the city clerk shall furnish the same to the city  engineer for his review and recommendations to the city council. The city engineer shall examine said costs and make recommendations to the city council with regard to the necessity and reasonableness thereof, and whether the same should be approved as submitted or adjusted. The city council shall then determine the amount of the approved construction costs that are subject to the recoupment (the "total recoupable amount" or the "recoupment").

    The area reasonably expected to be served by the water and/or sewerage facilities shall be the facility planning area of the city, as the city’ s FPA exists at the time of the recoupment contract or as it may thereafter be amended. If the FPA of the city is amended by the IEPA after a recoupment contract is made and entered into pursuant to this chapter, the city and the property owner shall enter into an amendment to the recoupment agreement showing the revised boundaries of the city’ s FPA as the area expected to be served by the recoupment agreement and the same shall be recorded with the recorder of all counties in which the city’ s FPA is then located. In the event of the abolition of facility planning areas by IEPA, then and in that event, the last existing facility planning area of the city shall be deemed to be the area expected to be served by sanitary sewers and water facilities constructed pursuant to recoupment agreements made and entered into by the city, unless the sponsor and the city find and agree otherwise.

    Upon approval of the total construction costs of the sewerage and/or water facilities, the city will determine the target area to be served which are tributary to the improvements constructed in the sponsoring property.

    The proportionate share of the approved total construction costs of the sanitary sewerage and/or water facilities which shall be recoupable under the recoupment contract ("total recoupable amount" or the "recoupment") shall be computed as follows:

Let:

    TRA    =    Total recoupable amount

    TCC    =    Approved total construction costs, as approved by the city council

    DA    =    Acreage in target area to be served by water and/or sewerage facilities which is owned and/or developed by sponsor

    TA    =    Total acreage in target area, including the acreage in the sponsoring property

Then

           [1 -- DA ]

(Ord. 1754 § 1 (part), 1999)