§ 50.55 ESTABLISHMENT.
   (A)   The City of Louisville and Jefferson County established a Comprehensive Storm Water Drainage Authority coextensive with and under the Louisville and Jefferson County Metropolitan Sewer District (“MSD”) with MSD having all powers, authority and approvals as set forth in the Agreement of Interlocal Cooperation (“Agreement”) which is recorded in the Office of the Jefferson County Clerk at Book 5643, Page 0766.
   (B)   Therefore the power and authority possessed by the Metro Government in managing, maintaining, constructing, repairing, rehabilitating, acquiring, regulating, operating, inspecting, removing, improving, and funding public flood control and storm and surface water drainage services has been given to MSD pursuant to the terms of the Agreement.
   (C)   Flood, storm and surface water drainage systems, equipment, facilities, owned, controlled, leased by or dedicated to the City of Louisville, Metro Government, and Jefferson County are dedicated to drainage uses in the public interest are transferred by lease to MSD pursuant to the terms of the Agreement.
(1994 Jeff. Code, § 32.015) (Jeff. Ord. 31-1986, adopted and effective 12-19-1986; Lou. Metro Am. Ord. No. 275-2007, approved 12-6-2007)