§ 50.13 CAPITAL RECOVERY FEES.
   (A)   Prior to the issuance of a building permit or at the time of installation of the meter if a building permit is not issued by the City of Pompano Beach because the property is located outside of the corporate boundaries, each new applicant requesting new water or wastewater service from the city will be required to pay an initial capital recovery fee pursuant to this section.
   (B)   A base capital recovery fee of $985 per Equivalent Residential Customer Unit (ERC) for each water tap purchased shall be charged on the basis of the meter size requested as follows:
Meter Size (Inches)
ERC Ratio*
Water Capital Recovery Fee
Meter Size (Inches)
ERC Ratio*
Water Capital Recovery Fee
3/4
1.0
$985
1
1.7
$1,675
1-1/2
3.3
$3,252
2
5.3
$5,224
3
10.0
$9,857
4
16.7
$16,461
6
33.3
$32,823
8
53.3
$52,537
10
76.7
$75,603
 
*   The ERC Ratio for meter sizes was adopted as per the American Water Works Association Manual of Water Supply Practices - Water Rates (AWWA No. M1).
   (C)   If additional metering is installed subsequent to the payment of the capital recovery fee, an additional capital recovery fee attributable to the additional meter shall be collected at the time of installation of the additional meter.
   (D)   The monies collected pursuant to this section shall be used only for capital recovery and shall be deposited into a special purpose account of which 75% of the fees collected will be transferred to the Bond Sinking Fund Account and 25% will be transferred to the RR and I Fund for capital improvements in accordance with the capital improvement plan.
   (E)   In the event a capital recovery fee has been paid, but the project for which it was paid is terminated prior to utilizing water or wastewater service, the fee shall be refunded.
   (F)   No capital recovery fee shall be collected for meters that supply dedicated fire protection systems or emergency life-sustaining contingency redundant connections when used as a secondary source of potable water as approved by the City Manager.
   (G)   City building permitted developments where proposed water services are equal to or greater than existing water services of the subject lot specified to be unutilized after final construction completion are eligible for a water capital recovery fee credit. The credit difference will be limited to the size of the existing unutilized water service connection retired by the owner/developer at the main per City specification.
(Ord. 88-21, passed 12-29-87; Am. Ord. 89-03, passed 10-4-88; Am. Ord. 89-47, passed 3-7-89; Am. Ord. 90-13, passed 11-21-89; Am. Ord. 92-15, passed 12-17-91; Am. Ord. 94-68, passed 9-27-94; Am. Ord. 2007-44, passed 3-27-07; Am. Ord. 2009-13, passed 11-25-08; Am. Ord. 2022-45, passed 4-26-22)