(A) Funding for the town stormwater activities may include, but not be limited to:
(1) Storm drainage service charge;
(2) Permit review and inspection fees. Such fees shall only be sufficient to cover the cost of review and inspection; and
(3) Other income (obtained from federal, state, local, and private grants or revolving funds).
(B) The Town Council may wish to borrow money and issue negotiable revenue bonds to acquire, construct, maintain, supplement, and improve stormwater facilities. Such borrowing may also be used to perform related necessary functions.
(C) The Town Council may wish to establish fees for the review of plans or designs of drainage facilities, and for the inspection of the construction of drainage facilities. They may also wish to establish policies for the sharing of the costs of developing regional drainage systems serving multiple development/properties. Any permit review and/or inspection fees shall cover the cost of the service rendered and shall not be used to generate revenues for other activities.
(Ord. 1995-6, passed 8-2-1995)