(a) Annual Review of Charges. The sewer service charge and user charges shall be reviewed annually by the Village in order to determine whether or not they are sufficient to defray the fixed charges, amortization costs and annual cost of operation and maintenance of the sewerage system. If the difference between the total annual review derived and the total annual cost is sufficient to justify an increase or decrease in the sewer service charge for user charges, the Village will adjust the rates as required. The purpose of the annual review is also to maintain a proportional user charge.
Each user shall be notified at least annually, in conjunction with a regular bill, of the rate and that portion of the sewer service charge that is attributable to operation, maintenance and replacement costs of wastewater treatment services.
(b) Late Payment Charges. All users will be billed quarterly for sewer service. Bills for sewer service that are not paid within 15 days of the invoice date shall be subject to a 10% penalty.
(Ord. 1094. Passed 2-2-87.)