923.05 WATER RATES.

   The terms and conditions upon which the owners of lots and lands within the City may connect to the water system, either directly or indirectly, will be billed monthly; and shall be as follows: charges shall be billed directly to the owners of lots and lands and shall be paid at the office designated by the Director of Finance, and for each monthly billing of each calendar year, or part thereof, they shall be in accordance with the following schedule of rates:

Billings for water usage shall be based upon meter readings, actual or estimated. All readings over one thousand (1,000) gallons shall be based upon the following formula:

   Water Rate Formula

   (a)   The water service charge shall be based on water use. The rate for the bills rendered on or after January 1st, of each ensuing twelve month period, beginning January 1, 1992, shall be as set forth hereafter.

   (b)   Definitions:

      "WR"   Water rate per 100 gallons for users within the City.

      "Q"   Means water usage in 100 gallons units, as calculated from water sale revenues average received for the three calendar years immediately prior to the year in which the rate is to take effect, minus gallons billed to minimum users for prior year.

      "OM"   Means operation and maintenance appropriation.

      "D"   Means debt service appropriations, principal and interest due on current obligations.

      "C"   Means capital expense appropriation.

      "RI"   Means water system replacement fund.

      "RF"   Means water system reserve fund.

   (c)   The Basic Water Rate shall be:

 

"WR" = OM + D + C + RI + RF         Q

 

   Charges for water provided to property lying outside the corporate limits of the City of Norwalk shall be computed at double the rate established by the rate.

   Readings of 1,000 gallons or less shall be billed a minimum charge equal to 50% of the charge for 1,000 gallons based upon the foregoing formula.

   Charges shall constitute a lien upon the property served by such connection and, if not paid within sixty days, shall be certified to the County Auditor and shall be collected in the same manner as other City taxes.

(Ord. 2012-037. Passed 9-4-12.

   In the event the City enacts an economic development incentive program pertaining to the bulk usage of water services, charges and billings for water service in excess of the threshold usage established in such program shall be as set forth in such program. In such an event, that portion of water service in excess of the threshold established in such program shall not be included in calculating “Q” for the purposes of the water rate formula set forth in Section 923.05(b) above.
(Ord. 2014-021. Passed 6-17-14.)