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(a) Municipal fee.
(1) A municipal fee is hereby established at the rate of four dollars and fourteen cents ($4.14) per month to be paid by each residential household, including each rental unit, and to also be paid by each nonresidential water customer of the City of Ironton, Ohio.
(2) The municipal fee shall be billed as part of the monthly municipal utility billing beginning April 1, 2001, and ending March 31, 2002.
(3) In the event the citizens of Ironton enact either an income tax increase or another type of municipal fee at the November, 2001, general election, then the within municipal fee shall terminate on January 1, 2002.
(4) The moneys generated by this municipal fee shall be paid into the general fund of the City of Ironton, Ohio.
(Ord. 01-08, passed 2-27-2001; Am. Ord. 18-81, passed 12-15-2018)
(b) Flood protection fee.
(1) That a municipal fee for flood works protection is hereby established at the rate of three dollars ($3.00) per month to be paid by each residential household, including each rental unit, and to also be paid by each nonresidential water customer of the City of Ironton, Ohio.
(2) The municipal fee for flood works protection shall be billed as part of the monthly municipal utility billing beginning with the first billing date after the effective date of this division.
(3) The moneys generated by this flood works protection municipal fee shall be used for the same purposes as the funds that were derived from the flood works protection levy, the renewal of which was defeated in the November, 2004 election.
(4) The flood works protection municipal fee shall terminate at such time as the city begins receiving revenues from the passage of a flood works protection tax levy by the citizens of Ironton.
(Ord. 05-09, passed - -)
(c) Towing and storage fees.
(1) A tow fee is hereby established at a rate of two hundred dollars ($200.00) per vehicle for any vehicles towed at the direction of the Ironton Police Department to the City of Ironton impound lot.
(2) A fee of thirty dollars ($30.00) per 24-hour period shall be charged for the storage of any and all vehicles at the impound lot of the City of Ironton.
(3) The wrecker service towing the vehicle to the city’s impound lot shall be paid a maximum of one hundred dollars ($100.00) per towed vehicle.
(4) The remaining one hundred dollars ($100.00) collected from the towing of each vehicle plus the thirty dollars ($30.00) per 24-hour period storage fee is hereby earmarked to be used by the Police Department of the City of Ironton, Ohio.
(5) The revenue is to be placed in the Police Equipment Replacement Fund established by Ordinance 13-20 and the impound expenses shall be paid from that fund.
(Ord. 06-21, passed 4-27-2006; Am. Ord. 06-85, passed 1-25-2007; Am. Ord. 22-24, passed 4-28-2022)
(d) Dock fee.
(1) The city shall charge a dockage fee of one hundred dollars ($100.00) covering the period from November 1 through April 30 each year for each boat docked at the city’s boat dock at Storms Creek.
(2) The fee shall be payable in full on or before December 1 each year.
(3) In the event that the payment has not been made by December 10, then the city may cause the removal of the boat pursuant to the contract between the city and the boat renter.
(Ord. 01-52, passed 11-8-2001)
(e) Parking rate for municipal lot at Fifth and Park Avenue.
(1) The monthly parking fee at the municipal parking lot at South Fifth Street and Park Avenue shall be ten dollars ($10.00) per space.
(2) The Finance Department of the city shall be charged with the collection of the monthly fees.
(Ord. 97-59, passed 12-22-1997)
(f) Economic development fee. A one dollar fifty cent ($1.50) per month economic development fee shall be added immediately and said fee shall be placed in the Economic Development Fund.
(Ord. 18-83, passed 12-15-2018)
(g) Failure to pay any of the following fees within 45 days of their due date shall constitute a misdemeanor of the fourth degree: the economic development fee, the flood fee, the fire fee, the administrative fee, and the municipal safety fee, and/or the storm water fee.
(Ord. 19-14, passed 3-28-2019)
(h) Fees for unoccupied structures.
(1) All unoccupied structures, as defined in this division (h), shall be billed on a monthly basis, the municipal fee, fire fee, economic development fee, flood fee, administrative fee and storm water fee with a minimum charge of 1,000 gallons of water, for each address of the unoccupied structures.
(2) “Unoccupied structures” shall be defined as a building which does not have water service.
(3) Unoccupied structures as defined in this division (h) shall be determined by the Ironton Fire Department. The Ironton Fire Department is directed to provide a list of each and every unoccupied or vacant property to the city Water Department for billing, effective August 1, 2020.
(4) The Water Department is hereby directed to bill for the aforementioned fees on a monthly basis.
(5) The other bill shall have the following fees:
A. Municipal fee;
B. Fire fee;
C. Storm water, with a minimum charge of 1,000 gallons;
D. Flood fee;
E. Economic development fee; and
F. Administrative fee.
(Ord. 20-34, passed 6-11-2020)
(i) Flood prevention fee. A monthly flood prevention fee in the amount of five dollars ($5.00) per month shall be added to the monthly utility bill of the city effective December 15, 2018.
(Ord. 18-79, passed 12-15-2018)
(a) Policy statement. It is the policy of the City of Ironton to invest all public funds in a manner which will provide maximum safety and preservation of principal, while meeting all the liquidity and operating demands, at reasonable market interest rates available. All investments made will conform to all applicable laws and regulations governing the investment of public moneys, including Ohio R.C. 135.
(b) Objectives.
(1) To invest all moneys in accordance with the guidelines of Ohio R.C. 135.14, with the priorities being: safety, liquidity, and yield, in that order. Primary objectives are the preservation of capital and the protection of investment principal.
(2) To limit market risk and ensure reliable return on investments through diversity and management of securities held in the investment portfolio.
(3) To safeguard repurchase agreement transactions so as to avoid all security risk, and to limit and track the market risk.
(4) To ensure that all entities conducting business with the investing authority are knowledgeable of Ohio R.C. 135 and this investment policy.
(5) To ensure that the portfolio remain sufficiently liquid to enable the investing authority to meet operating requirements which might be reasonably anticipated.
(6) The portfolio is not for speculation and will not be leveraged under any circumstances.
(c) Maturity guidelines. To the extent possible, the Finance Director will attempt to match its investments with anticipated cash flow requirements to take best advantage of prevailing economic and market conditions. The maximum maturity of any eligible instrument is five years from the settlement date, unless the investment is matched to a specified obligation or debt of the subdivision. Any investment made must be purchased with a reasonable expectation to be held to maturity.
(d) Permissible investments.
(1) The Treasurer may invest in any instrument or security authorized in Ohio R.C. 135.14, as amended. Permissible investments include:
A. United States Treasury bills, notes, bonds, or any other obligation or security issued by the United States Treasury or any other obligation guaranteed as to principal and interest by the United States. Stripped principal or interest obligations of such eligible obligations are strictly prohibited;
B. Bonds, notes, debentures, or any other obligations or securities issued by any federal government agency or instrumentality, including but not limited to, the Federal National Mortgage Association, Federal Home Loan Bank, Federal Farm Credit Bank, Federal Home Loan Mortgage Corporation, Government National Mortgage Association, and Student Loan Marketing Association. All federal agency or instrumentality securities must be direct issuances of the federal agency or instrumentality;
C. STAR Ohio is eligible as long as the fund maintains the highest letter rating provided by at least one nationally recognized standard rating service as outlined in Ohio R.C. 135.45;
D. Bonds and other obligations of this state;
E. Interim deposits (such as certificates of deposit) in the eligible institutions applying for interim moneys as provided in Ohio R.C. 135.08;
F. No-load money market mutual funds consisting exclusively of obligations described in divisions (d)(1)A. or B. of this policy and expressly excluding derivatives in accordance with Ohio R.C. 135.14; and
G. Written repurchase agreements (repos) with any eligible public depository mentioned in Ohio R.C. 135.03, or with any dealer who is a member of the NASD. The market value of the securities subject held as collateral for an overnight repo (including sweep accounts) or term repo must exceed the principal by at least two percent, and the securities must be marked to market daily. Term repurchase agreements may not exceed 30 days. Any repurchase agreement with an eligible securities dealer must be transacted on a delivery versus payment basis. All securities purchased pursuant to a repurchase agreement must be delivered into the custody of the treasurer or an agent designated by the treasurer. Such institution or dealer must agree in writing to unconditionally repurchase any of the securities used for any repo transaction.
(2) Reverse repurchase agreements are strictly prohibited.
(e) Derivatives. Investments in derivatives are strictly prohibited. A “derivative” is defined in Ohio R.C. 135 as a financial instrument or contract or obligation whose value is based upon or linked to another asset or index or both, separate from the financial instrument, contract or obligation itself However, any eligible investment with a variable interest rate payment based upon a single interest payment or single index comprised of other investments consisting of U.S. government or federal agency or instrumentality obligations is not considered a derivative if it matures in two years or less.
(f) Pooling. The pooling of funds by subdivisions is prohibited except as provided in Ohio R.C. 715.02 or § IV, Article XVIII of the Ohio Constitution, and STAR Ohio.
(g) Eligible institutions. Any financial institution located within the State of Ohio as defined by Ohio R.C. 135.03 is eligible to serve as an approved depository and/or investment provider. Only securities dealers and brokers that are members of the National Association of Securities Dealers (NASD) are eligible to be an investment provider. Investment advisors must be an eligible financial institution as defined by Ohio R.C. 135.03, or an advisor that is registered with the Securities and Exchange Commission.
(h) Acknowledgments.
(1) All brokers, dealers, and financial institutions initiating transactions with the Finance Director by giving advice or making investment recommendations must sign the investment policy thereby acknowledging their agreement to abide by the policy.
(2) All brokers, dealers, and financial institutions executing transactions initiated by the Finance Director must sign the investment policy acknowledging their comprehension and receipt of the policy.
(Ord. 96-80, passed 9-12-1996)
(a) The Finance Director is hereby directed to make all necessary adjustments to the accounting process in order to make separate accounting entries for employees regular earnings and overtime earnings.
(b) The Finance Director is hereby directed to budget, account, and report all overtime worked by employees within the departments for which the overtime was performed.
(Ord. 97-03, passed 1-23-1997)
(a) All investments shall have account ledgers established for each fund participating in that particular investment account. These ledgers shall account for all fund balances and activity in the investment program.
(b) Each fund with a cash investment balance in a particular investment account shall receive its proportionate amount of interest earned for that account on a monthly basis, or other basis if paid other than monthly.
(Ord. 03-62, passed 12-30-2003)