The water and sewer service charge systems and Water and Sewer Service Funds shall be administered according to the following provisions.
(A) (1) The Clerk/Treasurer shall maintain a proper system of accounts suitable for determining the operation and maintenance, equipment replacement, and debt retirement costs of the water and sewer facilities and shall furnish the City Council with a report of such costs annually in the city’s financial report.
(2) The City Council shall annually determine whether or not sufficient revenue is generated for the effective operation, maintenance, replacement, and management of the water and sewer facilities and whether sufficient revenue is being generated for debt retirement.
(3) The city shall reassess and, as necessary, revise the water and sewer service charge system to ensure the proportionality of the user charge and to ensure the sufficiency of the funds to maintain the capacity and performance to which the facilities were constructed, and to retire the construction debt.
(B) The Clerk/Treasurer shall be responsible for maintaining all records necessary to document compliance with the water and sewer service charge systems adopted.
(C) Bills for water and sewer service charges shall be rendered on a monthly basis succeeding the period for which the service was rendered and shall be due 15 days from the date of rendering. Any bill not paid in full ten days after the due date will be considered delinquent. At that time, the city shall notify the delinquent owner/occupant in writing regarding the delinquent bill and subsequent penalty. The penalty shall be computed as 10% of the original bill and shall be increased the same 10% for every month the bill is outstanding.
(D) The owner of the premises shall be liable to pay for the service to such premises, and the service is furnished to the premises by the city only upon the condition that the owner of the premises is liable therefor to the city.
(Prior Code, § 50.04)