(a) When assessed. Whenever the total anticipated debt service expense exceeds the total anticipated revenues of the debt service fund and other funding sources available in the utility fund, the Director shall include in the next current expense budget the rate for special benefit charges necessary to eliminate the deficiency.
(b) Rate per front foot. The rate for each front foot shall be established by dividing the total amount allocated to special benefit charges by the sum of the number of front feet of water and wastewater lines in service and water and wastewater lines to be placed in service during the first six months of the fiscal year.
(c) Rate per lot. The annual special benefit charge for each lot subject to the charge shall be determined by multiplying the number of front feet of the lot by the rate.
(1985 Code, Art. 25, § 25-5-607) (Bill No. 63-04)