Stormwater service charge rates may be determined and modified from time to time by the City Council so that the total revenue generated by said charges and any other sources of revenues or other resources allocated by the City Council to stormwater utility shall be sufficient to meet the cost of stormwater management services, systems, and facilities, including but not limited to the payment of principal and interest on debt obligations, operating expense, capital outlays, non-operating expense, provisions for prudent reserves, and other costs related to stormwater as deemed appropriated by the City Council. The initial stormwater service charge rates shall apply:
(A) Residential properties. Residential properties, as defined by this chapter, shall be billed for stormwater service charges, as defined in this chapter, of four dollars ($4.00) per month.
(B) Commercial properties. Commercial properties, as defined by this chapter, shall be billed for the stormwater service charge, as defined in this chapter, of five dollars ($5.00) per one-half (½) acre per month.
(Ord. 18-10, passed 6-11-2018)