A. Industrial Cost Recovery Required: Each industrial user shall pay that portion of any State grant which has been obtained by the City for the financing of the construction of wastewater treatment works allocable to the treatment of the wastewater from such user. Such users' share shall not include an interest component.
B. Payment: Each year during the industrial cost recovery period, each industrial user of the treatment works shall pay the cost recovery amount determined by Section 8-2-2 of this Chapter and this Section 8-2-9 for each industry divided by the recovery period. Where an industry is connected to a public sewer after the start-up of the facilities constructed under a State grant, such industry shall only pay its portion of the State grant for each quarter remaining in the recovery period. Such industry will not be required to pay for those quarters of the recovery period prior to connection to a public sewer.
C. Length Of Industrial Cost Recovery Period: The length of industrial recovery period shall be equal to the useful life of the treatment work which shall be thirty (30) years from 1982 not to exceed thirty (30) years.
E. Charge Adjustment For Plant Improvement: If there is an expansion or upgrading of the treatment works utilizing a State grant, each existing industrial user's share shall be adjusted accordingly.
F. Unused Or Unreserved Capacity: An industrial user's portion of any State grant shall not include any portion of the grant amount allocable to unused or reserved capacity.
G. Allowance For Commitment For Increased Use: An industrial user's portion of any State grant shall include allowance for the cost of any firm commitment to the City for any increased use by such user.
H. Payment To State Required: The City shall retain fifty percent (50%) of the amount recovered from industrial users. The remainder, together with any interest earned thereon, shall be returned to the State of Illinois Anti-Pollution Fund on an annual basis. (Ord. 146, 1980)