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The purpose of this ordinance is to require the submittal of water stock (water shares) so that Lindon City can provide and ensure an adequate public water supply (both culinary and secondary water while maintaining and developing adequate distribution of systems to serve the needs of the City for present and future generations. Water submittal requirements described in this ordinance are consistent with goals and guidelines found in the Public Facilities Element of the Lindon City general plan. At the direction of the City Council, implementation of this ordinance and acceptance of water stock may be handled administratively.