§ 52.03  RATES AND CHARGES.
   (A)   (1)   The rates and charges of the town’s waterworks shall be the rates as shown in division (C) below.
      (2)   The rates will be effective as soon as practicable, but no later than March 2016 usage and April 2016 billing.
   (B)   The Town Council finds that the rates and charges, as adopted, are nondiscriminatory, reasonable, equitable and just, and are necessary to produce sufficient revenue to:
      (1)   Pay all the legal and other necessary expenses incident to the operation of the utility, including:
         (a)   Maintenance costs;
         (b)   Operating charges;
         (c)   Upkeep;
         (d)   Repairs;
         (e)   Depreciation;
         (f)   Interest charges on bond or other obligations, including leases; and
         (g)   Costs associated with the acquisition of utility property under I.C. 8-1.5-2.
      (2)   Provide a sinking fund for the liquidation of bonds or other obligations, including leases;
      (3)   Provide a debt service reserve for bonds or other obligations, including leases, in an amount established by the municipality, not to exceed the maximum annual debt service on the bonds or obligations or the maximum annual lease rentals;
      (4)   Provide adequate money for working capital; and
      (5)   Provide adequate money for making extensions and replacements to the extent not provided for through depreciations (I.C. 8-1.5-3-8).
   (C)   The Council hereby authorizes and directs the appropriate officials and representatives of the town to take all necessary actions to implement, bill and collect the rates and charges in the manner described in division (A) above, as approved and adopted herein, following the date of final adoption of this section.
      (1)   Metered rates.
 
Metered Rates Per 1,000 Gallons per Month
First 2,500
$16.10
Next 2,501 - 5,000
$6.60
Next 5,001 - 10,000
$5.50
Over 10,000
$3.85
 
      (2)   Minimum charge per month.
 
Minimum Charge Per Month
5/8 inch meters
$19.33
3/4 inch meters
$23.95
1 inch meters
$33.22
1-1/4 inch meters
$47.13
1-1/2 inch meters
$55.15
2 inch meters
$78.36
3 inch meters
$127.19
4 inch meters
$196.54
6 inch meters
$331.66
8 inch meters
$493.73
 
      (3)   Bulk sales. Per 1,000 gallons: all meters $11.
      (4)   Hydrant rental.
 
Hydrant Rental
Municipal hydrants, per hydrant
$712.01
Private hydrants, per hydrant
$713.25
 
      (5)   Automatic sprinklers.
 
Automatic Sprinklers Per Month
1 inch meters
$44.52
1-1/4 inch meters
$69.55
1-1/2 inch meters
$100.14
2 inch meters
$178.03
3 inch meters
$400.51
4 inch meters
$712.01
6 inch meters
$1,602.08
8 inch meters
$1,659.43
 
      (6)   Other charges. Renter deposit: $175.
      (7)   Connection charge. All new connections: $800.
      (8)   Returned check charge. Per check on all returned checks.
      (9)   Reconnection fee. Reconnection after disconnection: $25.
      (10)   Late charge penalty. All bills 30 days or more delinquent: 10% of bill.
(Ord. 2016-002, passed 2-16-2016)