(a) Pursuant to the provisions of Section403.0893, Florida Statutes, a stormwater utility fee is hereby created and imposed on all real property located within the town's stormwater management system benefit areas for services and facilities provided by the stormwater management program.
(b) Said stormwater utility fee shall constitute a non-ad valorem assessment, pursuant to the provisions of Section 403.0893, Florida Statutes.
(c) On or before the 15th day of September of the first year of assessment, the Town Commission shall hold a public hearing to adopt a rate resolution. The rate resolution shall stay in effect until such time as a change in the stormwater utility fee or assessment is proposed. On or before the 15th day of September in the year of a proposed rate change, the Town Commission shall hold a public hearing to adopt the modified rate resolution for the purposes of imposing the stormwater utility fee or assessment upon the owners of all real property located within the designated stormwater management system benefit area. Said rate resolution shall incorporate a schedule of rates and classifications of all affected real property in the designated stormwater management system benefit area.
(d) On or before the 15th day of September of each year, the Town Commission shall adopt a budget for the operation and maintenance of the stormwater management program for the ensuing town fiscal year. Said budget shall include funds for the payment of outstanding and anticipated indebtedness, including all reserves necessary in connection with such financing, for the provision of contributions into such reserves as deemed necessary for future capital and land acquisitions and renewal and replacement of existing facilities, for the enforcement and administration of the billing and collection of the annual stormwater utility fees or assessments provided for under the provisions of this article, including the necessary reserves for anticipated delinquent or uncollectible annual stormwater utility fees or assessments, and for the payment of the current operation and maintenance of such stormwater management program. The rate resolution adopted by the Town Commission shall provide sufficient revenues to fund the budget adopted for the operation and maintenance of the stormwater management program.
(e) Notice of the public hearing concerning the above referenced rate resolution shall be published in a newspaper of general circulation in the town at least once, with the first publication being at least 20 days prior to the public hearing. Said public hearing may be continued to a date certain without the necessity of further newspaper advertisement or public notice.
(Ord. 2000-04, passed 8-16-00)