(A) There are established for the use of and the service rendered by the water/wastewater system of the city the rates and charges for all users of the waterworks as specified in § 34-622 of this code of ordinances.
(B) The rates approved in this section shall provide for a reasonable return on the water utility plant of the city and such other legal and necessary expenses as provided for in I.C. 8-1.5-3-8.
(C) The Common Council hereby elects to receive payment in lieu of taxes from the waterworks.
(Ord. 97-1404, passed 9-15-1997; Ord. 2004-1536, passed 9-7-2004; Ord. 2006-1570, passed 3- -2006; Ord. 2010-1648, passed 8-23-2010; Ord. 2012-1668, passed 5- -2012)
Statutory reference:
Water rates and charges, see I.C. 8-1.5-3-8