(1) The city stormwater system shall be operated as a public utility (hereinafter called the "stormwater utility" or "utility"), pursuant to M.S. § 444.075, from which revenues will be derived subject to the provisions of this chapter and Minnesota Statutes.
(2) The stormwater system consists of lift stations, catch basins and manholes, collection piping, forcemain, storage tanks and ponds, structural and non-structural BMP's (Best Management Practices), and associated appurtenances located within public right-of-way and/or dedicated easements.
(3) The stormwater utility shall fund the operation, maintenance, repair, and replacement of the stormwater system.
(4) The stormwater utility shall not be used to fund expansion of the system to accommodate new development.
(5) The city shall, as part of its annual budget process, adopt an operating budget for the stormwater utility for the next fiscal year. The operating budget shall be prepared in conformance with the state budget law, city policy, and generally accepted accounting practices.
(Ord. 07-21, passed 8-23-2021)