(A) (1) The stormwater service rate shall be fixed as provided in I.C. 8-1.5-5.
(2) For the purpose of this chapter, a MONTH shall be considered to be a period of 25 days up through 35 days depending on billing cycles. Any billings for stormwater service outside this time shall be on a per diem basis.
(B) (1) This stormwater rate is designed to recover the cost of rendering stormwater service to the users of the stormwater system, and shall be the basis for assessment of the city’s stormwater service charge.
(2) This rate is established so as to maintain adequate fund reserves to provide for reasonably expected variations in the cost of providing services, as well as variations in the demand for services.
(C) This rate shall be evaluated annually as to its sufficiency to satisfy the needs of the DSM.
(Prior Code, § 54.086) (Ord. 0-08-0005, passed 3-24-2008)