(A) All monies collected through drainage service charges and drainage fees authorized herein shall be separately identified and accounted for in the town financial records, and all expenses related to stormwater drainage and flood control shall be separately identified and accounted for by the town.
(B) Funding for the town stormwater activities shall include, but not be limited to:
(1) Storm drainage service charges;
(2) Permit review and inspection fees. Such fees shall only be sufficient to cover the cost of such review and inspection; and
(3) Other income (obtained from federal, state, local, and private grants or revolving funds).
(C) The town may wish to borrow money and issue negotiable revenue bonds to acquire, construct, maintain, supplement, and improve stormwater facilities. Such borrowing may also be used to perform related necessary functions.
(D) The town may wish to establish fees for the review of plans or designs of drainage facilities and for the inspection of the construction of drainage facilities. The town may also wish to establish policies for the sharing of the costs of developing regional drainage systems serving multiple developments and/or properties. Any permit review and/or inspection fees shall cover only the cost of the service rendered and shall not be used to generate revenues for other activities.
(Ord. 1997-15-2, passed 7-31-1997)