(A) The city establishes a sewer service charge system whereby all revenue collected from users of the wastewater treatment facilities will be used to affect all expenditures incurred for annual operation, maintenance, and replacement and for debt service on capital expenditure incurred in constructing the wastewater treatment works.
(B) Each user shall pay its proportionate share of operation, maintenance and replacement costs of the treatment works, based on the user’s proportionate contribution to the total wastewater loading from all users.
(C) Each user shall pay debt service charges to retire local capital costs as determined by the Council.
(D) Sewer service rates and charges to users of the wastewater treatment facility shall be determined and fixed in a “Sewer Service Charge System” developed according to the provisions of this subchapter. The Sewer Service Charge System developed shall be adopted by resolution upon enactment of this subchapter and shall be posted and published in the local newspaper as required by the City Charter. Subsequent changes in sewer service rates and charges shall be adopted by Council resolution and shall be published in the local newspaper.
(E) Revenues collected for sewer service shall be deposited in a separate fund known as “The Sewer Service Fund.” Income from revenues collected will be expanded to offset the cost of operation, maintenance and equipment replacement for the facility and to retire the debt for capital expenditure.
(F) Sewer service charges and the Sewer Service Fund will be administered in accordance with the provisions of § 54.44.
(1998 Code, § 3.26, Subd. 2)