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The standard participation contract shall provide the following:

A. The property owner warrants that he is the owner of that property with full authority to bind the property with the covenants and conditions contained in the contract.

B. The property owner shall subject his property to the terms of the contract and shall use the public sewer of the city in accordance with the rules and regulations of the city (as they may be amended from time to time), and that the property shall be subject to the regular schedule of sewer service charges of the city, as may from time to time be fixed by the city, for its use classifications, including, if the city so provides, a reasonable split rate for properties served in particular areas.

C. The property described in the contract shall be the only property served with sewer service pursuant to that contract.

D. The property subject to the contract shall be subject to liens, penalties and interest for nonpayment of sewer service charges to the same extent as any other property served by the city.

E. The property owner and his successors in interest shall not object to any annexation to the city or the formation of any utility local improvement district, the area of which may include the property subject to this contract. Credit shall be given on assessment for any reasonable cost incurred by the property owner in installing his own sewer lines which have been deeded to the city.

F. The contract shall be filed for recording at the office of the county auditor and shall constitute a charge against that property and a covenant running with the land and shall bind the property and all future owners thereof. (Ord. 947-04 § 2).