When an owner or developer to whom this article is applicable, as set forth in Section 13.04.260, installs to the lot or lots, an extension to the city's water line for the purpose of water service to such lots, the owner shall be reimbursed up to his costs. The reimbursement shall be made from water capital fees charged the applicant for water service, whose service is connected to such extension; provided further, that such fee is paid in full at the time a building permit is issued. Such reimbursement shall in no event exceed eighty percent of the fee charged to such individual applicant; provided further, that the city's obligation for such reimbursement or any part thereof shall cease ten years from the date the first building permit for the eligible lot is issued. (Ord. 174 § 2, 1981)