There shall be established a Stormwater Utility Enterprise Fund for the deposit of all fees and charges collected by the stormwater utility. These funds shall be for the exclusive use of the city's Stormwater Management Utility; including but not limited to the following:
(A) Stormwater management services.
(B) Operation and maintenance of the stormwater management system.
(C) Project costs for approved improvements to the municipal stormwater management system.
(D) Administrative costs associated with the management of the stormwater utility.
(E) Costs required for the city to comply with the N.P.D.E.S. stormwater permit requirements.
(F) Debt service of stormwater-related capital improvements and related reserve or bond financing costs.
(G) Funding of studies associated with the planning of the stormwater-related infrastructure.
(Ord. O-93-52, passed 10-20-93)