(a) In order that the rates and charges for sewage services may remain fair and equitable and be in proportion to the cost of providing services to the various users or user classes, the City shall cause a study to be made within a reasonable period of time following the fourth year of operation. Such study shall include, but not be limited to, an analysis of the costs required level of service, impervious area calculations attributed to the various user classes, the financial position of the stormwater system and the adequacy of its revenue to provide reasonable funds for the operation and maintenance, replacements, debt service requirements and capital improvements to the system.
(b) Thereafter, on an annual basis, within a reasonable period of time following the normal accounting period, the City shall cause a similar study to be made for the purpose of reviewing the fairness and equity of the rates and charges for stormwater services on a continuing basis. Such studies shall be conducted by officials or employees of the City, or by a firm of certified public accountants, or a firm of consulting engineers which shall have experience in such studies, or by such combination of officials, employees, accountants or engineers as the City shall determine to be best under the circumstances.
(c) Further, the results of such study shall be used as a basis for any rate adjustments necessary to maintain sufficiency of revenue and/or proportionality between classes.
(Ord. 23-03. Passed 6-23-03.)