In the event that the water rights or shares offered to the Town for dedication provide water credits in excess of those required by this policy, the annexor, developer or owner shall offer any excess water rights or shares to the Town at current fair market value. The Town may enter into a written agreement to purchase all or part of any such excess water rights or shares and, in that event, the Town may require the annexor, developer or owner to grant to the Town a right of first refusal to purchase such excess water rights or shares in the future, pursuant to the provisions of Section 13-2-245 of this Code. (Ord. 1387 §1, 2023)