(A) If, at any time, the General Manager determines that the allowable costs or the total number of connections or residential unit equivalents which could reasonably be physically connected or reasonably served by a PSF the determinations used in calculating the reimbursement fees deviate from determinations/calculations regarding amount of fees in place, the General Manager may recalculate the reimbursement fees to be collected from future connectors. If reimbursement fees are recalculated, future connectors may pay a reimbursement fee different from that paid by earlier connectors. In the case of such recalculation, the District will not be responsible for collecting additional reimbursement fees from or refunding excess reimbursement fees to previous connectors.
(B) The General Manager shall review reimbursement fees, from time to time, by considering the increase or decrease in the value of a PSF over time. The Engineering News Record Construction Cost Index shall be the basis for any adjustment and no other interest component will be considered.
(C) District shall also apply a straight-line depreciation adjustment for depreciation based on the useful life of a PSF. The useful life of standard or special facilities for purposes of this adjustment shall be 75 years for sewers and 40 years for pumping stations.
(Ord. 2021-01, passed 3-25-2021)