(A) I.C. 8-1.5-5, which addresses the matter of stormwater management, is hereby adopted by the Common Council of the city and, by doing so, makes said chapter and any and all amendments thereto effective and operative within the city.
(B) Pursuant to the adopted chapter, a Department of Stormwater Management shall be and is hereby created for the purpose of providing for the collection, disposal, and drainage of storm and surface water and relieving of sanitary sewers of such water in a special taxing district which is also hereby created pursuant to said chapter.
(C) The territory initially included in the special taxing district shall be and is all of the territory now and hereafter included within the corporate limits of the city.
(D) The Department shall be administrated and controlled by a Board of Directors consisting of three directors.
(E) The terms of the individual directors to serve on the Department shall be staggered. The term of the first Director shall end on December 31, 1992; the term of the second Director shall end on December 31, 1993; and the term of the third Director shall end on December 31, 1994. All successor terms will be for a period of four years. Not more than two Directors shall be from the same political party.
(F) The Board has the powers and duties prescribed by I.C. 8-l.5-3-4(a) and I.C. 8-1.5-5-6.
(G) The Board, after approval by the Common Council of the city in ordinance form, may:
(1) Assess and collect user fees from all of the property of the stormwater district for the operation and maintenance of the stormwater system. User fees shall include, but not be limited to, bonds, service rates, revenue bonds, or any other available funds;
(2) Issue and sell bonds of the district in the name of the municipality for the acquisition, construction, alteration, addition, or extension of the stormwater collection and disposal system or for the refunding of any bonds issued by the Board; and
(3) Levy a special benefit tax upon all of the property of the stormwater district in an amount necessary to meet and pay the principle of any bonds issued as they severally mature together with all accruing interest.
(Prior Code, § 30.75) (Ord. 1269, passed 3-4-1991)
Statutory reference:
Related provisions, see I.C. 8-1.5-5 and 8-1.5-3-4(a)