(a) Any subdivider, developer or other property owner who plans to restrict a subdivision’s electrical services to underground wiring shall be required to pay any costs of streetlight installation which are above the standard costs for streetlight installations. Standard streetlight installation costs shall be construed to mean the costs of installing a streetlight in the subject subdivision if overhead wiring were available.

(b) Any subdivider, developer or other property owner shall be required to post a satisfactory bond or cash deposit securing to and insuring the City that such subdivider, developer or other property owner will pay the costs of streetlight installations which are above the costs of standard streetlight installations.

(c) If a petition is submitted to the Department of Public Works asking that streetlights be installed in an existing subdivision containing underground electrical wiring, then the Department of Public Works shall proceed with the streetlight installation in that subdivision; provided, however, that any such petition must bear the signatures of at least 75 percent of the homeowners of the subdivision, and such homeowners must obligate themselves to pay for the costs of the streetlight installation which are above the standard costs for streetlight installation. (Code 1981 § 41-127. Code 1995 § 134-175.)