(a) If stormwater BMPs are accepted by the Municipality for dedication, the Municipality may require persons installing stormwater BMPs to pay a specified amount to the Municipal Stormwater BMP Operation and Maintenance Fund, to help defray costs of operations and maintenance activities. The amount may be determined as follows:
(1) If the BMP is to be owned and maintained by the Municipality, the amount shall cover the estimated costs for operations and maintenance for ten years, as determined by the Municipality.
(2) The amount shall then be converted to present worth of the annual series values.
(b) If a BMP is proposed that also serves as a recreation facility (e.g. ball field, lake), the Municipality may adjust the amount due accordingly.
(Ord. 2004-03A. Passed 7-19-04.)