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<br /> -10- <br /> d) For the purpose of this subsection, <br /> Section 30-49, the reservation will be <br /> considered applied and non-revertable to <br /> the City when the property as described in <br /> the reservation has been properly zoned, <br /> platted and developed with all required <br /> street, drainage, and utilities accepted <br /> by the City and appropriate utility <br /> companies. If these infra-structure <br /> improvements have been completed and <br /> accepted by the City, the dwelling unit <br /> reservations for capacity will be assigned <br /> by the Director of Public Works to <br /> individual lots in the development on the <br /> tract of property developed and will be <br /> considered a commitment for capacity which <br /> will run with the land and not be <br /> severable; <br /> e) The granting of the reservation of <br /> capacity will be approved by the City <br /> Council by resolution authorizing the <br /> Mayor to enter an agreement granting such <br /> reservation of capacity; and, <br /> f) If the party who has been granted a <br /> reservation of capacity does not utilize <br /> the entire amount of the reservation by <br /> the time stated in the agreement, the <br /> remaining capacity will revert to the City <br /> to be used as the City determines with no <br /> refund from the City to the party with <br /> said reservation, but without prejudice to <br /> the party to reapply for another <br /> reservation subsequent to such reversion. <br /> Section 30-50. Capi-tal Recovery Fee Fund. <br /> All amounts collected under this Division shall <br /> be deposited to the Water and Sewer System <br /> Revenue Fund established and maintained in <br /> accordance with the Ordinance authorizing the <br /> City's Junior Lien Waterworks and Sewer System <br /> Revenue Bonds, Series 1968, to be applied <br /> pursuant to the provisions of said Ordinance as <br /> revenue arising from the operation or ownership <br /> of the City's combined waterworks and sewer <br /> system. Surplus funds remaining in said Revenue <br /> Fund at the end of each month, after all <br /> expenditures, deposits, and transfers required by <br /> said Ordinance and the ordinances authorizing any <br /> bonds or other obligations issued to be payable <br /> in whole or in part from revenues of the City's <br /> waterworks and sewer system have been made <br /> therefrom, not exceeding the total amount of <br /> CRF's deposited to said Revenue Fund during such <br /> month, shall be deposited to a fund, separate and <br /> apart from said Revenue Fund and all other funds <br /> of the City, to be designated as "City of San <br /> Marcos Water System Capital Improvement Fund". <br /> Said Fund shall be established and maintained at <br /> an official depository bank of the City and shall <br /> be used for the purposes stated in section 30-40 <br /> of this Ordinance. <br /> Section 30-51. Severability. <br /> If any provision of this Ordinance (Division 5 of <br /> Chapter 30) or the application thereof to any <br />