The Council does hereby find that:
(A) Water quality standards mandated by state and federal law are requiring that local governments develop more detailed, advanced, and costly stormwater programs;
(B) Effective stormwater management should be provided to protect, to the extent practicable, the citizens of the town from the loss of life and property damage from flooding;
(C) The construction, operation, and maintenance of stormwater conveyance systems requires long- term planning and stable and adequate funding;
(D) G.S. Ch. 160A, Art. 16 authorizes the town to acquire, construct, establish, enlarge, improve, extend, maintain, own, operate, and contract for the operation of stormwater management programs designed to protect water quality by controlling the level of pollutants in, and the quantity and flow of, stormwater and structural and natural stormwater and drainage systems of all types;
(E) The establishment of a stormwater management utility that would be accounted for as a separate enterprise fund and would facilitate the provision of a stormwater management program is reasonable and in the public interest; and
(F) G.S. § 160A-314 authorizes the town to establish and revise, from time to time, a schedule of rates and charges to fund the stormwater management program activities including both structural and natural stormwater conveyance and drainage system services provided by the stormwater management utility.
(Prior Code, § 2101)