(a) The stormwater management program is established and the stormwater system is provided to protect the waterways and land in the Village by controlling flooding and to protect the natural environment. The costs of designing, developing, improving, operating, maintaining, and monitoring the stormwater system required in the Village should, therefore, be allocated, to the extent of practicable, to all property owners based on their impact on the stormwater system. In order to provide revenue to fund those costs and to fairly allocate those costs, a Stormwater Management Fund (“the Fund”) is established.
(b) All revenues collected form the Stormwater Management Fee from grants, permit fees and other charges collected under , Stormwater Management, shall be deposited to the Fund. The Council may make additional appropriations to the Fund. All disbursements from the Fund shall be administered by its authorized agents. (Ord. 3327. Passed 5-16-07.)