(A) The acquisition, construction, installation, operation, and maintenance of facilities and land for stormwater drainage systems may be financed through:
(1) Proceeds of special taxing district bonds of the stormwater district;
(2) The assumption of liability incurred to construct the stormwater system being acquired;
(3) Service rates;
(4) Revenue bonds; or
(5) Any other available funds.
(B) The Board, after approval by the town Council, may assess and collect a user’s fee from all of the owners of property within the stormwater drainage district for the operation and maintenance of the stormwater system.
(Ord. 560, passed 9-1-92)