(A) There is hereby established just and equitable rates, charges, and rentals for treatment and disposal services and benefits, as authorized by the statutes of the state.
(B) Said charges shall, from time to time, be at least sufficient to produce net revenues adequate to pay the principal of, and interest on, the bonds payable from revenues of the sewage disposal plant as such principal and interest become due, and to create and maintain required reserve therefor, and said rates and charges shall be revised whenever necessary for each purpose. Said rates, charges, and rentals shall be based on minimum monthly charges.
(Prior Code, § 15-4-38)
(B) Effective May 1, 2018, the sewer rate for residential and commercial use will increase by $2 per year for five consecutive years.
(Ord. 15-4-38.7, passed 3-13-2017)
Statutory reference:
Related provisions, see SDCL § 9-48-2