(A) The stormwater management program is established and the stormwater system is provided to protect the waterways and land in the city by managing flooding and to benefit the natural environment. The cost of designing, developing, improving, operating, maintaining, and monitoring the stormwater system required in the city should, therefore, be allocated to the extent practicable, to all property owners based on their impact on the stormwater system. In order to provide revenue to fund those costs and to fairly allocate those costs, a stormwater management fund (the fund) is established.
(B) All revenues collected for the purpose of stormwater management from user fees, grants, permit fees, and other charges collected under the chapter, shall be deposited into the fund. The City Commission may make additional appropriations to the fund. All disbursements from the fund shall be for the purposes of the fund as set forth in this subchapter. Said fund shall be administered per KRS 91A.530.
(C) Prior to the adoption of this subchapter, the city has expended general fund dollars to begin the transition from Sanitation District No. 1 to the city complying with the KPDES permit and other requirements. Said amounts shall be itemized and submitted to the City Council for the reimbursement of the general fund for dollars expended on stormwater services to date. Going forward, any transfers from the general fund, for which reimbursement may be sought, shall be first identified and approved by City Council.
(D) Nothing shall prohibit the city from seeking to borrow funds necessary to fund the stormwater program set forth herein, either from a financial institution and/or the city’s general fund.
(Ord. 13-998, passed 9-30-13)