A replacement fund shall be established to provide funds for expenses required to furnish and install equipment, accessories or appurtenances necessary to maintain the capacity and performance of the treatment works. Annual contributions shall be made to the fund from sewer user charge revenues. Minimum annual contributions to the fund shall be eight thousand dollars ($8,000) or 5% of the treatment works annual operations and maintenance budget, whichever is greater. Annual contributions shall be required whenever the value in the fund is less than forty thousand dollars ($40,000) and shall be voluntary when the value is greater than forty thousand dollars ($40,000).
(Ord. 141-76. Passed 8-5-76; Ord. 162-06. Passed 10-5-06.)