(A) The following schedule of rates shall be applicable for all billings after completion of construction of the city Water Line Extension Project of 2004, effective with the first billing of each customer included within the area served by the Water Line Extension Project.
Monthly Surcharge:
7/8 inch or 3/4 inch meter $ 22.00
1 inch meter $ 44.00
2 inch meter $ 88.00
3 inch meter $ 352.00
4 inch meter $ 704.00
6 inch meter $ 2,200.00
(B) These water surcharges shall remain in effect for so long as is necessary to collect and apply same to retire the debt incurred in construction of the city Water Line Extension Project of 2004.
(C) All surcharges collected pursuant to this section shall be segregated and kept in a separate fund, which shall be utilized only for the purposes of payment of the debt service for this borrowing. At such time as the debt incurred for the construction of the city Water Line Extension Project of 2004 has been paid in full, said surcharges shall expire.
(Ord. 2005-04, passed 2-10-05; Am. Ord. 2006-3, passed 1-25-06; Am. Ord. 2017-7, passed 7-25-17)