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A portion of the City Occupational Tax (up to three hundred thousand dollars ($300,000.00)) may be dedicated to cover debt service of the system which is not covered by the user charges as set out above. If at any time occupational tax collections and user charge collections are not sufficient to cover the debt service of the system, the city shall amend the sewer rate schedule contained in § 55.04 so that the sewer rate schedule shall provide sufficient revenues to cover the operation, maintenance and replacement cost and debt service of the system.
(Ord. 0-95-006, passed 9-25-95; Am. Ord. 0-2008-004, passed 1-14-08)