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The City reserves the right to refuse to enter into any street project assessment reimbursement contract or to reject any application for such a contract. All applications for street project assessment reimbursement contracts will be made on the basis that the applicant releases and waives any claims for any liability of the City in establishing and enforcing street project assessment reimbursement contracts. The City is not responsible for locating any beneficiary or survivor who may be entitled to benefits by or through street project assessment reimbursement contracts. Any collected funds unclaimed by a developer after three (3) years from the expiration of the contract will be returned to parties making payment to the City. Any undeliverable funds will inure to the benefit of a utility and/or fund approved by the City Council. (Ord. M-4082 §2, 2014; Ord. M-4026 §6, 2012)