(A) A debt service charge shall be levied on users of the wastewater treatment works to provide funds necessary to meet a portion of the principal and interest payments on the municipal utilities’ share of the wastewater treatment works construction cost. The method to be used to establish the debt service charges for wastes discharged to the wastewater treatment works shall be defined in this section.
(B) The volume of wastewater from each user shall be subject to a debt service charge per 1,000 cubic feet, as follows.
(1) Charges for each billing month during a calendar year shall be based on the following values for that calendar year:
(a) The total debt service payments per billing period attributable to the wastewater treatment works (Cd);
(b) The metered volume of wastewater discharged to the treatment works subject to sanitary sewer charges (Qt).
(2) The debt service charge per 1,000 cubic feet shall equal the total debt service payments divided by the metered volume of wastewater discharged to the treatment works subject to sanitary sewer charges, in 1,000 cubic feet.
debt service charge | = | C
o |
Qt (per 1,000 c.f.) |
(C) Debt service charges pursuant to this section shall be billed as established by the Board of Municipal Utilities.
(1980 Code, § 50.17) (Ord. 3928, passed 12-17-1979; Am. Ord. 7520, passed 2-6-2006; Am. Ord. 8840, passed 4-20-2020)