No subdivision of land or building permit shall be approved or issued, where such subdivision or permit is for residential, commercial, or industrial use where the supply of water is to be from the City water system, unless and until the subdivider shall first deliver to the City irrigation water stock as listed in the Lindon City Fee Schedule and further described in Section 17.32.250.

Applicants desiring building permits for parcels that have existing culinary water service that has previously served a residential, commercial, industrial building shall not be required to turn in water share for the property unless connection to the pressure irrigation system is desired. If connection to the pressure irrigation system is desired then water shares shall be submitted to the City. Vacant parcels with culinary water service connections that have not been utilized for previous residential, commercial or industrial structures shall be required to turn in water shares at the time a building permit is issued for the property.

The City Council shall have the authority to require the transfer of more water than required herein when a proposed land use will have a water intensive use which proposes to consume large quantities of water uncharacteristic of the area. Said water stock shall be held in trust by Lindon City for present and future water demands. Lindon City may use the water for any purpose in any area of the City which it deems appropriate so long as water from other sources is made available to the land so subdivided. Upon delivery of the water stock provided for above, the subdivider, or building permit applicant, as the case may be, shall have no further interest of any kind or nature in and to said water stock.

In the event the subdivider or building permit applicant is unable to obtain the requisite water stock for transfer to Lindon City and demonstrates said inability to obtain said water stock to the satisfaction of Lindon City, the subdivider shall then be allowed by Lindon City to pay to the City in cash the equivalent cost of the water shares of said water stock required to be delivered to the City, as set forth above. This money shall be placed by Lindon City in a fund to develop water within the City limits of Lindon City. (Ord. 2007-8, amended, 2007; Ord. 2003-16, amended, 2003; Ord. 2003-7, amended, 2003; Ord. 2002-15, amended, 2002; Ord. 161 §3, amended, 1988)