(a) A Debt Service Charge shall be levied on users of the wastewater treatment works to provide funds necessary to meet the principal and interest payments of the wastewater treatment works improvements cost. The method to be used to establish the Debt Service charges for wastes discharged to the wastewater treatment works shall be defined in this section.
(b) The volume of wastewater from each user shall be subject to a Debt Service Charge per 1,000 gallons as follows:
(1) Charges for each billing period during a calendar year shall be based on the following values for that calendar year:
A. The total debt service payments per billing period attributable to the wastewater treatment works (CD);
B. The estimated water consumption subject to Sanitary Sewer Charges (Q/t), in 1,000 gallons, all subject to periodic but not less than an annual audit.
(2) The Debt Service Charge on the wastewater treatment works per 1,000 gallons shall equal the total debt service payments divided by the estimated volume of wastewater discharged to the treatment works subject to Sanitary Sewer charges, in 1,000 gallons. Debt Service Charge =
C/D Q/t (per 1,000 gallons) |
(3) Attached hereto and made a part hereof, as Exhibit A, are the current figures incorporated into the foregoing formula, and these figures shall be reviewed and revised at least annually.
(Ord. 930-3-93. Passed 3-12-93.)
(c) Debt service charges pursuant to this section shall be billed pursuant to Section 925.21 and shall be subject to a minimum charge corresponding to a wastewater volume of 2,000 gallons. The debt service charge shall expire at the date when the last scheduled installment payment is made on the bond and notes for the wastewater treatment works, Federal EPA Project No. C-391399-04.
(Ord. 932-3-93. Passed 3-31-93.)