(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 plant construction 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 cubic feet 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 plant (Ca);
B. The estimated water consumption subject to sanitary sewer charges (Qt), in 1,000 cubic feet all subject to periodic but not less than an annual audit.
(2) The debt service charges per 1,000 cubic feet 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 cubic feet.
Debt Service Charge = (Ca)
(Qt) (per 1,000 cubic feet)
(c) Debt service charges pursuant to this section shall be billed pursuant to Section 1045.20 and shall be subject to a minimum charge corresponding to a wastewater volume of 1,000 cubic feet. The debt service charge shall expire at the date when the last scheduled installment payment is made on the loan for the wastewater treatment works, OWDA Loan No. 352SRF. Sanitary sewer charges have been established by the City and are included in Section 1045.08.
(Ord. 09-119. Passed 11-17-09.)