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maintenance or repairs for the public improvements as required by the city engineer for a period of one year after acceptance of such improvements. (g) In those instances in which any of the improvements as required by this section could be more conveniently installed by the city or its agent, the city may, in its discretion, accept payment of the total cost of such improvements in lieu of actual construction or bond as required above. Such payment will be set forth in an agreement approved by the city attorney, which agreement will set forth the conditions of payment and a time limit upon the use of such payment by the city, such time limit in no instance to exceed ten years. If such payment is not utilized by the city within the agreed time limit, it will revert to the subdivider. (h) If a subdivider makes an advance of payments for or construction of reasonable and necessary road improvements located outside the property limits of the land owned or controlled by the subdivider, the need for which is substantially generated and reasonably required by the construction or improvement of the subdivision or development, and such advance is accepted, the city may agree to reimburse the subdivider from such funds as the city may make available for such purpose from time to time for the cost of such advance together with interest, which shall be excludable from gross income for federal income tax purposes, at a rate equal to the rate of interest on bonds most recently issued by the city on the following terms and conditions: (1) The city shall determine or confirm that the road improvements were substantially generated and reasonably required by the construction or improvement of the subdivision or development, and shall determine or confirm the cost thereof on the basis of a study conducted by qualified traffic engineers and approved and accepted by the subdivider. (2) The city shall prepare, or cause to be prepared, a report, accepted and approved by the subdivider indicating the governmental services required to be furnished to the subdivision or development and an estimate of the annual cost thereof for the period during which the reimbursement is to be made to the subdivider. (3) The city may make annual reimbursements to the subdivider from funds made available for such purpose from time to time, including, but not limited to, real estate taxes assessed and collected against the land and improvements on the property included in the subdivision in amounts equal to the amount by which such real estate taxes exceed the annual cost of providing reasonable and necessary governmental services to such subdivision or development. (i) No certificate of occupancy shall be issued for the occupancy of any structure or building to be located in such subdivision unless and until the improvements required herein which are directly necessary to the use and enjoyment of such structure have been installed and accepted by the city, except that final roadway surface need not be applied prior to issuance of such certificate if a suitable base and interim sealing agent acceptable to the city have been laid. (j) A subdivider or developer of land shall pay to the city the pro rata share of the cost of providing reasonable and necessary sewerage, water and drainage facilities located outside the property limits of the land owned or controlled by the subdivider or developer but