(A) Pursuant to I.C. 8-1.5-2 and other applicable statutes, the town may own, acquire and thereafter operate existing utilities. The Council deems it desirable and in the best interest of the town to exercise its legal authority to acquire and thereafter own and operate existing water facilities for the purpose of providing water service within the town’s municipal limits and its extraterritorial authority.
(B) The Council hereby declares that public convenience and necessity require, and the public interest will be served by, the expansion of its municipal utility to include the establishment of a municipal water utility and the acquisition of water utility assets and facilities in and around the town.
(C) The town establishes a municipally-owned water utility with all the rights and authorities attendant thereto.
(D) The town further exercises its power to acquire and thereafter own, operate and control existing water assets and facilities for the purpose of providing water service both inside and outside the town’s municipal limits. By this section, the town is exercising its power to provide water service in and around the town.
(Ord. 12-2012, passed 8-10-2012)