917.10 WATER CAPITAL IMPROVEMENT FUND.
   There is hereby established a Water Capital Improvement Fund. The Fund is to maintain the long-term integrity of the water distribution system. Expenditures from this Fund shall meet the same criteria as established in other capital improvement funds of the City. The Water Capital Improvement Fund shall not be used for existing debt nor shall it be used for the retirement of bonds for the Water District #1 elevated water storage tank. Future capital debt may, as Council provides, be funded out of the Capital Improvement Fund. All interest earned by this Fund shall be prorated to the Fund on an annual basis.
      The charge for the Water Capital Improvement Fund shall be based on meter size and billed on a monthly basis as follows:

Meter Size (Inches)
Bills Rendered Jan. '09 (3%)
5/8
5.10
3/4
5.10
1
8.53
17.07
2
27.30
3
54.56
4
85.28
6
132.15
8
231.29
10
234.50
12
319.74
   In the case of a compound meter, the water capital improvement fund charge shall be based on the largest line in use. Fire service lines, as defined in Section 919.08, shall be excluded from this charge.
(Ord. 200-08. Passed 11-10-08.)