For any area of the Township in which a public utility has indicated that public water is not able to be installed, an applicant proposing a development which would permit the construction of less than five new principal buildings shall not be required to comply with the provisions of Subsection
16-5.16c, but instead shall, at its expense and in accordance with the provisions of Subsections
16-5.16d2 and
16-5.16d3 hereinbelow or Subsection
16-9.3c4, either install the required underground water storage tank system and ancillary fire protection wells for fire prevention purposes or deposit a pro-rata share of the cost of installation, in escrow, with the Township in an amount equal to the rate set by Elizabethtown Water Company per lot for the cost of installation of 200 feet of water main per lot. Where an applicant does not install the required underground water storage tank system and ancillary fire protection wells, an applicant shall pay a pro rata share of the cost of installation of the underground water storage tank system in accordance with Subsection
16-9.3c4. Where an applicant installs the required underground water storage tank system and ancillary fire protection wells, no escrows may be established by that applicant for the construction of additional buildings within the development. For proposed major subdivisions which would permit the construction of five or more new principal buildings, an applicant shall, at its expense and in lieu of the required escrow funds, install an underground water storage tank system and ancillary fire protection wells.
The monies deposited in the escrow account shall be utilized either for the construction of the underground water storage tank system and the ancillary fire protection wells by the Township of Montgomery and/or may be used to reimburse the developer of a major subdivision which involves the construction of less than five new principal buildings for the residual cost to the developer of installing the underground water storage tank system and ancillary fire protection wells according to the zones delineated in the Underground Water Storage Tank Zone Map.
The location of the underground water storage tank and ancillary fire protection wells shall be determined by the Bureau of Fire Prevention in consultation with the Township Engineer. Any construction of a tank system and ancillary wells which requires the expenditure of monies in the escrow fund shall be subject to review by the Bureau of Fire Prevention and approval of the Township Committee.