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(a) The water usage rates and other charges associated with Municipal water services shall be as provided for herein.
(b) The terms and conditions under which the Municipality will provide water service shall be as set forth in this regulation and Chapter 927 (Water Regulations).
(Ord. 1327. Passed 5-9-91.)
It is hereby determined and declared to be necessary to the protection of the public health, safety and welfare of the Municipality to establish and collect water service charges and rates upon all lots, lands and premises served by connection with the Municipal water system, as hereinafter provided.
(Ord. 1327. Passed 5-9-91.)
(a) The funds received from the collection of TAP-IN FEES provided for in Section 921.162, and such other fees and charges as may be designated by Council, shall be deposited as received by the Finance Director, who shall keep the same in a separate fund designated WATER TAP-IN FUND. Subject to the provisions of any ordinance or indenture of mortgage authorizing and securing the issuance of mortgage revenue bonds for the water system, moneys in the fund shall be used for capital improvements for the water system and works, and such other purposes permitted by R.C. § 743.05 and the Constitution of the State.
(b) The funds received from the collection of WATER USAGE RATES provided for in Section 921.17 et seq., and such other fees and charges as may be designated by Council, shall be deposited as received by the Finance Director, who shall keep the same in a separate fund designated WATER OPERATING FUND. Subject to the provisions of any ordinance or indenture of mortgage authorizing and securing the issuance of mortgage revenue bonds for the water system, moneys in the fund shall be used for the payment of the cost and expense of the operation, maintenance, repair and management of the water system, and for the payment of debt charges on bonds issued for extensions and improvements of the system. Any surplus in the fund over and above the requirements before mentioned may be used for the enlargement and replacement of the water system and works, and such other purposes permitted by R.C. § 743.05 and the Constitution of the State.
(Ord. 1327. Passed 5-9-91.)
All water charges set forth herein shall be reviewed annually by Council, or its designate, in order to determine whether or not they are sufficient to defray the fixed charges, amortization costs and annual cost of operation of the water distribution system, and the cost of municipal service provided in association therewith. If the difference between the total annual revenue derived and the total annual cost is sufficient to justify an increase or decrease in the water rates and/or charges, said rates and/or charges will be adjusted as required.
(Ord. 1327. Passed 5-9-91.)
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