(A)   Authority is hereby vested in the Village Board of Trustees to set and adjust established rates and charges for the use and service of water supplied through the waterworks system of the village, payable monthly within 15 days after the rendition of each bill.
   (B)   The rates may be adjusted annually based on the South Sangamon Water Commission rate changes.
   (C)   The rates may be posted and made available for public inspection both at the Village Hall and on the village website.
   (D)   Before any rate change goes into effect, the village will give notice by posting the upcoming rate change on the consumer's bill at least 30 days prior to implementation of the rate change. The proposed rate changes will also be posted next to the current rates that are posted at the Village Halt and on the village website at least 30 days prior to implementation of the rate change.
   (E)   All rate changes must be approved by the Village Board of Trustees, and a resolution outlining the new rates must be passed prior to raising or lowering the current rates.
   (F)   Identified funds collected for penalties shall be deposited into a separate account designated as the Water and Sewer Rate Stabilization Account. Such monies shall be maintained in the account and its use shall be in the Village Board's discretion. Notwithstanding the foregoing, the deposit of funds into the rate stabilization account is not intended to restrict, in any manner, the use of these funds.
   (G)   A separate charge shall be made for each apartment, place of business or dwelling unit in all buildings containing two or more apartments, places of business, or family units. A minimum facility charge shall be applied to all water connections.
   (H)   In addition to the foregoing, the Village Board shall set and adjust the rate to be charged to the Fire Protection District per year for each fire hydrant connected to the waterworks system for fire protection.
(Ord. 70-7, passed 5-7-70; Am. Ord. 97-08, passed 4-8-97; Am. Ord. 99-06, passed 2-9-99; Am. Ord. 00-29, passed 6-13-00; Am. Ord. 06-15, passed 4-25-06; Am. Ord. 07-12, passed 4-24-07; Am. Ord. 07-21, passed 5-22-07; Am. Ord. 07-52, passed 9-11-07; Am. Ord. 08-14, passed 4-22-08; Am. Ord. 09-18, passed 5-12-09; Am. Ord. 10-20, passed 4-27-10; Am. Ord. 11-02, passed 1-25-11; Am. Ord. 13-29, passed 9-10-13; Am. Ord. 15-28, passed 6-23-15; Am. Ord. 16-15, passed 4-26-16)