(A) Rules of language and interpretation.
(1) The word SHALL is mandatory; the word MAY is permissive.
(2) The particular shall control the general.
(3) Words used in present tense shall include the future, and words used in the singular include the plural, and plural the singular, unless the context clearly indicates the contrary.
(B) The City Council hereby establishes a stormwater utility which shall be responsible for stormwater management throughout the city's corporate limits, and shall provide for the management, protection, control, regulation and enforcement, use, and enhancement of stormwater systems and facilities.
(C) The City Council directs that a Stormwater Enterprise Fund be established in the city budget and accounting system for the purpose of dedicating and protecting all funding applicable to the purposes and responsibilities of the utility, including but not limited to rentals, rates, charges, fees and licenses as may be established by the City Council. All revenues and receipts of the stormwater utility shall be placed in the Stormwater Enterprise Fund and all expenses of the utility shall be paid for the Stormwater Enterprise Fund, except that other revenues, receipts, and resources not accounted for in the Stormwater Enterprise Fund may be applied to stormwater management operations and capital investments as deemed appropriate by the city.
(D) The City Council hereby transfers to the stormwater utility the existing stormwater systems and facilities owned and operate by the city and other interests and assets including but not limited to easements, rights-of-entry and access, and certain equipment. The City Council declares that the economic value to the city of the stormwater systems, facilities, and other interests and assets hereby transferred to the utility is equal to the economic value to the city of the utility assuming future responsibility for the management, protection, control, regulation, use and enhancement of the stormwater systems, facilities and programs.
(Ord. 18-10, passed 6-11-2018)