In addition to the user charges described herein, the rate schedules shall be sufficient to cover the following costs:
(A) The annual debt service costs for retirement of sanitary sewer bonds and/or loans will be charged to all customers served directly by the town’s wastewater collection system. The Finance Director shall make recommendations to the Town Council as to how these costs shall be proportioned among the users. Charges to recover these costs will be called “other charges.”
(B) Adequate reserve funds to allow for reasonably expected increases in the cost of providing services will be charged to all customers served directly by the town’s wastewater collection system. The Finance Director shall make recommendations to the Town Council as to the amount of reserve funds necessary and as to how these funds shall be proportioned among the users.
(C) The costs of billing and collection and performing industrial waste services shall be charged to customers on an equitable basis. The Finance Director shall make recommendations to the Town Council as to how these costs shall be proportioned among the users. Charges to recover these costs will be called “billing and collection charges” and “industrial waste charges” respectively.
(D) C.P. (Capital Improvement Plan).
(Ord. 04-578, passed 7-22-2004; Am. Ord. 2022-913, passed 2-22-2022)