The city reserves the right to refuse to enter into any reimbursement contract or to reject any application therefor. All applications for a reimbursement contract shall be made on the basis that the applicant releases and waives all claims for liability of the city relating to or arising from establishment of a reimbursement area or reimbursement contract, and relating to or arising from enforcement of a reimbursement contract. The city shall not be responsible for locating any beneficiary or survivor entitled to benefits or refunds under any reimbursement contract. Any collected funds that are unclaimed by property owners or developers three years following expiration of a reimbursement contract shall be returned to party making payment to the city, less any administrative amounts to which the city is entitled. Any funds determined to be undeliverable under this section shall inure to the benefit of the applicable utility and/or fund approved by the city council. (Ord. 2199 § 1 (Exh. A), 2016).