(A) Financing of facilities. The acquisition, construction, installation, operation, and maintenance of facilities and land for storm water systems may be financed through:
(1) Proceeds of special taxing district bonds of the storm water district;
(2) The assumption of liability incurred to construct the storm water system being acquired;
(3) Service rates;
(4) Revenue bonds; or
(5) Other available funds.
(B) User fees. The Board, after approval by the legislative body of the city, may assess and collect user fees from all of the property of the storm water district for the operation and maintenance of the storm water system. The collection of the fees authorized by this section may be effectuated through a periodic billing system or through a charge appearing on the semiannual property tax assessment of the affected property owner.
(Ord. 529, passed 10-13-03)