It shall be the responsibility of the owner of the latecomer’s agreement to monitor, enforce and notify the city of any connections to improvements which come within the terms of the latecomer’s agreement. The city will use it best efforts to collect latecomer’s fees but will not accrue any liability for failure to collect fees due. The city has no obligation to provide notice of the latecomer’s agreement to any party other than as provided in this chapter. Neither preliminary nor final approval of a latecomer’s agreement shall be construed to vest or grant the right to the extension or allocation of water and/or sewer to properties affected by the latecomer’s agreement.