(A) There is hereby created a Storm Water Management Taxing District (“District”), consisting of all territory within the corporate boundaries of the town. In the event that the corporate boundaries shall change afer enactment of this section, those changes shall automatically be incorporated into the District, without the need for amendment to this section.
(B) All the territory within the District constitutes a special taxing district for the purpose of providing for the collection and disposal of storm water of the District in a manner that protects the public health and welfare and for the purpose of levying special benefit taxes for purposes of storm water collection and disposal. All area in the District and all area added to the District is considered to have received a special benefit from the storm water collection and disposal facilities of the District equal to or greater than the special taxes imposed on the area by I.C. 8-1.5-5 in order to pay all or part of the cost of such facilities.
(Ord. 2008-7-21, passed 7-21-2008)